SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Mandal Sumant

(Last) (First) (Middle)
C/O THE RUBICON PROJECT, INC.
12181 BLUFF CREEK DRIVE, 4TH FLOOR

(Street)
LOS ANGELES CA 90094

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RUBICON PROJECT, INC. [ RUBI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 04/01/2014 A 15,000(1) A $0.00(2) 15,000 D
Class A Common Stock 04/01/2014 A 6,283(3) A $0.00(2) 21,283 D
Class A Common Stock 04/07/2014 J(4) 21,283 D (4) 0 D
Common Stock 04/07/2014 J(4) 21,283 A (4) 21,283 D
Class A Common Stock 04/07/2014 C(5) 5,865,103 A (5) 6,189,340 I See Footnote(6)
Class A Common Stock 04/07/2014 C(5) 104,844 A (5) 110,640 I See Footnote(7)
Class A Common Stock 04/07/2014 J(4) 6,189,340 D (4) 0 I See Footnote(6)
Common Stock 04/07/2014 J(4) 6,189,340 A (4) 6,189,340 I See Footnote(6)
Class A Common Stock 04/07/2014 J(4) 110,640 D (4) 0 I See Footnote(7)
Common Stock 04/07/2014 J(4) 110,640 A (4) 110,640 I See Footnote(7)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
Stock Option (Right to Buy) $15 04/01/2014 A 29,184 (8) 04/01/2024 Class A Common Stock 29,184 $0.00(2) 29,184 D
Stock Option (Right to Buy) $15 04/01/2014 A 13,208 (9) 04/01/2024 Class A Common Stock 13,208 $0.00(2) 13,208 D
Stock Option (Right to Buy) $15 04/07/2014 J(10) 29,184 (8) 04/01/2024 Class A Common Stock 29,184 (10) 0 D
Stock Option (Right to Buy) $15 04/07/2014 J(10) 29,184 (8) 04/01/2024 Class A Common Stock 29,184 (10) 29,184 D
Stock Option (Right to Buy) $15 04/07/2014 J(10) 13,208 (9) 04/01/2024 Class A Common Stock 13,208 (10) 0 D
Stock Option (Right to Buy) $15 04/07/2014 J(10) 13,208 (9) 04/01/2024 Class A Common Stock 13,208 (10) 13,208 D
Series A Convertible Preferred Stock (5) 04/07/2014 C(5) 6,045,924 (5) (5) Class A Common Stock 3,022,962(5) (5) 0 I See Footnote(6)
Series A Convertible Preferred Stock (5) 04/07/2014 C(5) 108,076 (5) (5) Class A Common Stock 54,038(5) (5) 0 I See Footnote(7)
Series B Convertible Preferred Stock (5) 04/07/2014 C(5) 3,892,410 (5) (5) Class A Common Stock 1,946,205(5) (5) 0 I See Footnote(6)
Series B Convertible Preferred Stock (5) 04/07/2014 C(5) 69,580 (5) (5) Class A Common Stock 34,790(5) (5) 0 I See Footnote(7)
Series C Convertible Preferred Stock (5) 04/07/2014 C(5) 697,562 (5) (5) Class A Common Stock 348,781(5) (5) 0 I See Footnote(6)
Series C Convertible Preferred Stock (5) 04/07/2014 C(5) 12,470 (5) (5) Class A Common Stock 6,235(5) (5) 0 I See Footnote(7)
Series D Convertible Preferred Stock (5) 04/07/2014 C(5) 1,094,310 (5) (5) Class A Common Stock 547,155(5) (5) 0 I See Footnote(6)
Series D Convertible Preferred Stock (5) 04/07/2014 C(5) 19,562 (5) (5) Class A Common Stock 9,781(5) (5) 0 I See Footnote(7)
Explanation of Responses:
1. Represents restricted stock units that vest in three equal annual increments, on the first, second and third anniversaries of the date of completion of The Rubicon Project, Inc.'s (the "Issuer") initial public offering.
2. Granted as compensation for services.
3. Represents restricted stock units that vest in full on the date of the next Annual Meeting of the Issuer's stockholders.
4. Pursuant to the Sixth Amended and Restated Certificate of Incorporation ("A&R Charter") of the Issuer filed prior to the completion of the Issuer's initial public offering, each share of Class A Common Stock was reclassified and converted into one share of a single class of Common Stock on April 7, 2014. Such reclassification was exempt under Rule 16b-7 of the Securities Exchange Act of 1934, as amended.
5. Each share of Convertible Preferred Stock automatically converted into 1/2 of a share of Class A Common Stock upon completion of the Issuer's initial public offering of its Common Stock on April 7, 2014. The Convertible Preferred Stock has no expiration date.
6. These shares are held by Clearstone Venture Partners III-A, LP ("CVP-A"). The reporting person is a managing member of Clearstone Venture Management III, LLC, which is the general partner of CVP-A. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, 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 purpose.
7. These shares are held by Clearstone Venture Partners III-B, a Delaware Multiple Series LLC ("CVP-B"). The reporting person is a managing member of Clearstone Venture Management III, LLC, which is the managing member of CVP-B. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, 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 purpose.
8. The stock option vests in three equal annual increments, on the first, second and third anniversaries of the date of completion of the Issuer's initial public offering.
9. The stock option vests in full on the date of the next Annual Meeting of the Issuer's stockholders.
10. Pursuant to the A&R Charter, each share of Class A Common Stock underlying the reported stock option automatically reclassified and converted into one share of a single class of Common Stock on April 7, 2014, immediately prior to the completion of the Issuer's initial public offering. Such reclassification was exempt under Rule 16b-7 of the Securities Exchange Act of 1934, as amended.
Remarks:
/s/ Jonathan Feldman, attorney-in-fact 04/11/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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