Statement of Changes in Beneficial Ownership (4)
December 21 2020 - 4:41PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Sullivan Michael J |
2. Issuer Name and Ticker or Trading Symbol
Sailpoint Technologies Holdings, Inc.
[
SAIL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
11120 FOUR POINTS DRIVE,, SUITE 100 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/18/2020 |
(Street)
AUSTIN, TX 78726
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 12/18/2020 | | S | | 8300 | D | $53.894 (1) | 22903 | D | |
Common Stock | 12/18/2020 | | S | | 1289 | D | $55.5213 (2) | 21614 | D | |
Common Stock | 12/18/2020 | | S | | 1611 | D | $56.2243 (3) | 20003 | D | |
Common Stock | 12/18/2020 | | S | | 800 | D | $57.245 (4) | 19203 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | On December 18, 2020, pursuant to a plan of disposition adopted on November 18, 2020 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"), Mr. Sullivan sold 8,300 shares in multiple trades at prices ranging from $53.76 to $54.70 per share. The price reported above reflects the weighted average sale price. Mr. Sullivan hereby undertakes to provide to the Securities and Exchange Commission staff, the issuer or any security holder of the issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected. No more than 20,255 shares may be sold in the aggregate under the 10b5-1 Plan, which terminates no later than December 31, 2021, regardless of whether the maximum number of shares subject to the 10b5-1 Plan have been sold. |
(2) | On December 18, 2020, pursuant the 10b5-1 Plan, Mr. Sullivan sold 1,289 shares in multiple trades at prices ranging from $54.83 to $55.79 per share. The price reported above reflects the weighted average sale price. Mr. Sullivan hereby undertakes to provide to the Securities and Exchange Commission staff, the issuer or any security holder of the issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected. |
(3) | On December 18, 2020, pursuant the 10b5-1 Plan, Mr. Sullivan sold 1,611 shares in multiple trades at prices ranging from $55.84 to $56.78 per share. The price reported above reflects the weighted average sale price. Mr. Sullivan hereby undertakes to provide to the Securities and Exchange Commission staff, the issuer or any security holder of the issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected. |
(4) | On December 18, 2020, pursuant the 10b5-1 Plan, Mr. Sullivan sold 800 shares in multiple trades at prices ranging from $57.02 to $57.82 per share. The price reported above reflects the weighted average sale price. Mr. Sullivan hereby undertakes to provide to the Securities and Exchange Commission staff, the issuer or any security holder of the issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Sullivan Michael J 11120 FOUR POINTS DRIVE, SUITE 100 AUSTIN, TX 78726 | X |
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Signatures
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/s/ Christopher G. Schmitt, attorney-in-fact | | 12/21/2020 |
**Signature of Reporting Person | Date |
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