Form Type: 4

SEC EDGAR Link
Accession Number:0001550695-21-000082
Date:2021-11-16
Issuer: PERFORMANT FINANCIAL CORP (PFMT)
Original Submission Date:

Reporting Person:

JOHNSTON IAN
333 NORTH CANYONS PARKWAY
LIVERMORE, CA 94551

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK, PAR VALUE $0.0001 PER SHARE 2021-11-16 M 31,377 a $0.00 186,363 direct
COMMON STOCK, PAR VALUE $0.0001 PER SHARE 2021-11-17 F 10,930 d $2.88 175,433 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2021-11-16 deemed execution date M 31,377 (d) common stock 31,377 $0.00 62,752 direct
Footnotes
IDfootnote
f1 these shares of common stock were sold to satisfy the reporting person's tax withholding obligations in connection with the vesting of restricted stock units. these shares of common stock were sold pursuant to a rule 10b5-1 trading plan adopted by the reporting person on june 7, 2021.
f2 each restricted stock unit represents a contingent right to receive one share of pfmt's common stock. the units were awarded at no cost to the reporting person.
f3 the restricted stock unit award was granted on july 30, 2020. one-third of the shares vested on november 16, 2021, with the remaining restricted stock unit award vesting as to one-third on the first day of the next open trading window immediately following each of the second and third anniversaries of the grant date, provided that the reporting person remains in continuous service through each vesting date.

Elevate your investments