RUBICON PROJECT, INC. director just disposed of 980 shares

Sumant Mandal, a director of RUBICON PROJECT, INC., recently disposed of 980 shares of the company. The disposals took place at $16.53 per share, on October 27, 2015. Mandal still owns 4,111,371 shares of the company. Mandal operates out of Santa Monica, CA. Some additional info was provided as follows:

On October 27, 2015, the reporting person transferred a total of 980 shares of Common Stock of the Issuer (the "Shares") to certain lenders in connection with the repayment of outstanding loans. Reflects the closing sale price of the Shares on October 27, 2015, as reported by the New York Stock Exchange. Reflects (i) 576 Shares received by the reporting person on October 27, 2015 in connection with pro rata distributions-in-kind of Shares for no consideration, (ii) 2, 240 Shares directly beneficially owned by the reporting person and (iii) 26,169 Shares received by the reporting person in the form of restricted stock awards in connection with his service as a director of the issuer. The aforementioned distributions were made in accordance with the exemptions afforded by Rule 16a-13 of the Securities Exchange Act of 1934, as amended. Represents (i) 4,010,692 Shares directly beneficially owned by Clearstone Venture Partners III-A, L.P., a Delaware limited partnership ("CVP III-A") and 71,695 Shares directly beneficially owned by Clearstone Venture Partners III-B, a Delaware multiple series limited liability company ("CVP III-B" and, together with CVP III-A, the "Funds"). Clearstone Venture Management III, LLC, a Delaware limited liability company ("CVM III") is the general partner and managing member of CVP III-A and CVP III-B, respectively. The reporting person is a managing director of CVM III and a member of CVP III-B. The reporting person disclaims beneficial ownership of the Shares held by the Funds, except to the extent of his pecuniary interest therein, if any, and the inclusion of these Shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purposes.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

To receive a free e-mail notification whenever RUBICON PROJECT, INC. makes a similar move, sign up!

Other recent filings from the company include the following:

RUBICON PROJECT, INC. Just Filed Its Quarterly Report: Net Income (Loss) Pe... - Nov. 8, 2018

Auto Refresh