This transaction was effected pursuant to a 10b5-1 trading plan arrangement approved by the Company by which only those shares required to satisfy state and federal tax withholding due upon the vesting and release of RSUs were sold ("sell-to-cover"), and the remaining shares were released to the grantee. Provision for tax withholding is a requirement of the Company's 2010 Equity and Performance Incentive Plan in relation to grants of RSUs as a condition of the release of vested shares.
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 support.com makes a similar move, sign up!
Other recent filings from the company include the following:
Support.Com Reports Second Quarter 2014 Financial Results - July 30, 2014
support.com: Departure Of Directors Or Certain Officers; Election Of Directors; Appointment Of Certain Officers; Compensatory Arrangements Of Certain Officers - July 25, 2014