Model N Inc's Chairman & CEO just picked up 200,000 shares

Zack Rinat, Model N Inc's Chairman & CEO and a director of the company, recently acquired 200,000 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on December 06, 2013. Rinat now owns 1,862,776 shares of the company. Rinat operates out of Redwood City, CA. Some additional info was provided as follows:

Issuable upon the vesting and satisfaction of certain performance criteria of Performance-Based Restricted Stock Units ("PB-RSUs"). Subject to the achievement of certain minimum performance criteria based upon total stockholder return, between a minimum of 0% and a maximum of 250% of the PB-RSUs will vest as follows: 1/3 of the PB-RSUs will vest on November 22, 2014, then 1/3 of the P B-RSUs will vest on each yearly anniversary thereafter, until such time as the PB-RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting if the performance criteria have been met.

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

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