UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Market Share Units | (2) | (2) | Common Stock | 46,000 (2) | $ (3) | D | |
Common Stock (Right to Buy) | (4) | 03/03/2024 | Common Stock | 58,700 | $ 37.88 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Robinson Kristen C/O PANDORA MEDIA, INC. 2101 WEBSTER STREET, #1650 OAKLAND, CA 94612 |
Chief Human Resources Officer |
/s/ Jeremy Liegl, attorney-in-fact | 01/25/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This amount includes 4,866 shares of common stock and 93,750 unvested restricted stock units, which include the remaining unvested shares in the following grants: (i) 33,000 restricted stock units that vest in four equal annual installments beginning on 2/15/2015, pursuant to the terms of the March 3, 2014 RSU grant, and (ii) 69,000 restricted stock units that vest over a total of four years, with 25% vesting on 2/15/2016 and thereafter 1/16th of the total number of shares vesting quarterly, pursuant to the terms of the March 11, 2015 RSU grant. |
(2) | Pursuant to the terms of the March 11, 2015 MSU grant, represents the target number of market share units which may be earned over a three-year period based on Pandora's annual relative total shareholder return compared to that of the Russell 2000 Index. The actual amount earned and eligible for vesting may be between 0 and 200% of this number, depending on actual performance. |
(3) | Each market share unit represents a contingent right to receive one share of Pandora Media, Inc. common stock. |
(4) | Pursuant to the terms of the March 3, 2014 grant, the option grant vests and becomes exercisable with respect to 25% of the total number of shares on 3/3/2015 and thereafter 1/48th of the total number of shares vesting monthly. |
Remarks: Exhibit 24.1 - Power of Attorney |