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RealPage CEO, affiliates amend stock trading plan

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RealPage CEO, affiliates amend stock trading plan

RealPage Inc. Chairman, President and CEO Stephen Winn and his affiliates amended their prearranged stock trading plan, which now allows them to sell 1,780,000 common shares of the company, beginning in March 2017.

Winn and his affiliates hold 23,647,094 RealPage common shares, which include 275,000 stock options exercisable by Winn within 60 days of Dec. 14 and 896,675 restricted shares subject to forfeiture to the company, which represents in total about 29.25% outstanding capital stock.

If all sales under the amended trading plan are conducted, Winn and his affiliates will collectively retain about 92% of their current holdings of RealPage stock.

The amendment does not impact any trades that may occur under the trading plan before March 2017.