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Yelp Inc.'s Chief Operating Officer just cashed-in 6,000 options

Geoffrey L Donaker, Yelp Inc.'s Chief Operating Officer and a director of the company, recently cashed-in 6,000 options. The options were exercised at $0.00, while the disposals took place at $20.57 per share, on April 20, 2016. Donaker no longer owns any shares of the company. Donaker operates out of San Francisco, CA. Some additional info was provided as follows:

Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock. Shares were sold pursuant to a duly adopted 10b5-1 trading plan. Fully vested. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. All Class A and Class B Common Stock will convert automaticall y into Common Stock on the earlier of (i) the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock and (ii) seven years following the effective date of the issuer's initial public offering. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock (i) upon any transfer, whether or not for value (subject to certain exceptions), or (ii) in the event of the death or disability (as defined in the amended and restated certificate of incorporation of the issuer) of the Reporting Person, or (iii) upon such date as is specified by the affirmative vote or written consent of at least 66 2/3% of the outstanding shares of Class B Common Stock. Not applicable.

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

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Other recent filings from the company include the following:

Departure of Directors or Certain - April 21, 2016
Yelp Inc. director just picked up 1,506 shares - April 19, 2016

Yelp Inc. director just picked up 1,707 shares - April 19, 2016