SVP of Model N Inc just picked up 30,000 shares

Michael Laroche, SVP of Model N Inc, recently acquired 30,000 shares of the company. The buys took place at $0.00 per share, on December 06, 2013. Laroche now owns 35,000 shares of the company. Laroche operates out of Redwood City, CA. Some additional info was provided as follows:

Issuable upon the vesting of Restricted Stock Units ("RSUs"). 1/3 of the RSUs will vest on November 22, 2014, then 1/3 of the RSUs will vest on each yearly anniversary thereafter, until such time as the 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. 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 PB-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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