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Kurian Thomas

Disclosed activity across 1 company

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12098
SEC CIK
0001468342

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
ORACLE CORPORCL · Entity 2805President-Product DevelopmentAugust 02, 2018August 03, 2018

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

ORACLE CORP

Report date August 02, 2018 · Filed August 03, 2018

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Performance Stock UnitSEC Table II · derivative / convertible security · Conversion / exercise price $0.00Direct984,318.976 Reported balance After 2018-08-02 transaction · row 1 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 1 · 2018-08-02 · Grant · Acquired 137,500 · Balance 984,318.976

F1: Represents amount of performance stock units earned from an award granted on July 24, 2014 based on the achievement of a performance target for the fiscal year ended May 31, 2018, as determined by the Compensation Committee on August 2, 2018. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the third performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

Performance Stock UnitSEC Table II · derivative / convertible security · Conversion / exercise price $0.00Direct1,121,818.976 Reported balance After 2018-08-02 transaction · row 2 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 2 · 2018-08-02 · Grant · Acquired 137,500 · Balance 1,121,818.976

F2: Represents amount of performance stock units earned from an award granted on July 2, 2015 based on the achievement of a performance target for the fiscal year ended May 31, 2018, as determined by the Compensation Committee on August 2, 2018. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the second performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

Performance Stock UnitSEC Table II · derivative / convertible security · Conversion / exercise price $0.00Direct1,259,318.976 Reported balance After 2018-08-02 transaction · row 3 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 3 · 2018-08-02 · Grant · Acquired 137,500 · Balance 1,259,318.976

F3: Represents amount of performance stock units earned from an award granted on June 30, 2016 based on the achievement of a performance target for the fiscal year ended May 31, 2018, as determined by the Compensation Committee on August 2, 2018. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

Filing footnotes · ownership attribution and instrument terms

F1: Represents amount of performance stock units earned from an award granted on July 24, 2014 based on the achievement of a performance target for the fiscal year ended May 31, 2018, as determined by the Compensation Committee on August 2, 2018. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the third performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

F2: Represents amount of performance stock units earned from an award granted on July 2, 2015 based on the achievement of a performance target for the fiscal year ended May 31, 2018, as determined by the Compensation Committee on August 2, 2018. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the second performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

F3: Represents amount of performance stock units earned from an award granted on June 30, 2016 based on the achievement of a performance target for the fiscal year ended May 31, 2018, as determined by the Compensation Committee on August 2, 2018. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
July 27, 2016 Filed Sep 13, 2016 20:32 UTC Amendment ORACLE CORP ORCL · Entity 2805 GrantPerformance Stock Unit · Derivative 509.916 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-062476 · form4a.xml · derivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 414,649.063

Underlying: Common Stock · 509.916 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on July 27, 2016 ($40.93), the date on which dividends were paid on Oracle's common stock.

F1 · derivative.exercise_date: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on July 27, 2016 ($40.93), the date on which dividends were paid on Oracle's common stock.

F1 · derivative.expiration_date: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on July 27, 2016 ($40.93), the date on which dividends were paid on Oracle's common stock.

F2 · balance_after: The Form 4 filed on July 29, 2016 inadvertently reflected an incorrect amount of deferred PSUs in column 9. This amended Form 4 reflects the correct number of deferred PSUs in column 9

Read SEC document
July 26, 2016 Filed Jul 28, 2016 20:20 UTC ORACLE CORP ORCL · Entity 2805 GrantPerformance Stock Unit · Derivative 137,500 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001127602-16-058870 · form4.xml · derivative · entry 2

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 414,139.147

Underlying: Common Stock · 137,500 shares

Expires not disclosed

F2 · shares: Represents amount of performance stock units earned from an award granted on July 2, 2015 based on the achievement of a performance target for the fiscal year ended May 31, 2016, as determined by the Compensation Committee on July 26, 2016. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

F2 · derivative.exercise_date: Represents amount of performance stock units earned from an award granted on July 2, 2015 based on the achievement of a performance target for the fiscal year ended May 31, 2016, as determined by the Compensation Committee on July 26, 2016. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

F2 · derivative.expiration_date: Represents amount of performance stock units earned from an award granted on July 2, 2015 based on the achievement of a performance target for the fiscal year ended May 31, 2016, as determined by the Compensation Committee on July 26, 2016. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

Read SEC document
July 26, 2016 Filed Jul 28, 2016 20:20 UTC ORACLE CORP ORCL · Entity 2805 GrantPerformance Stock Unit · Derivative 137,500 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001127602-16-058870 · form4.xml · derivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 276,639.147

Underlying: Common Stock · 137,500 shares

Expires not disclosed

F1 · shares: Represents amount of performance stock units earned from an award granted on July 24, 2014 based on the achievement of a performance target for the fiscal year ended May 31, 2016, as determined by the Compensation Committee on July 26, 2016. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

F1 · derivative.exercise_date: Represents amount of performance stock units earned from an award granted on July 24, 2014 based on the achievement of a performance target for the fiscal year ended May 31, 2016, as determined by the Compensation Committee on July 26, 2016. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

F1 · derivative.expiration_date: Represents amount of performance stock units earned from an award granted on July 24, 2014 based on the achievement of a performance target for the fiscal year ended May 31, 2016, as determined by the Compensation Committee on July 26, 2016. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

Read SEC document
June 30, 2016 Filed Jul 5, 2016 13:22 UTC ORACLE CORP ORCL · Entity 2805 GrantStock Option · Derivative 2,000,000 $0.00 Strike: $40.93 $0.00
Disclosure

SEC source: 0001127602-16-057034 · form4.xml · derivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,000,000

Underlying: Common Stock · 2,000,000 shares

Expires 2026-06-30

F1 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 28, 2016 Filed Apr 29, 2016 17:05 UTC ORACLE CORP ORCL · Entity 2805 GrantPerformance Stock Unit · Derivative 515.585 Not disclosed Strike: $0.00 Not disclosed
Disclosure

SEC source: 0001127602-16-050316 · form4.xml · derivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 139,139.147

Underlying: Common Stock · 515.585 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on April 28, 2016 ($40.33), the date on which dividends were paid on Oracle's common stock.

F1 · shares: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on April 28, 2016 ($40.33), the date on which dividends were paid on Oracle's common stock.

F1 · price: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on April 28, 2016 ($40.33), the date on which dividends were paid on Oracle's common stock.

F1 · derivative.exercise_date: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on April 28, 2016 ($40.33), the date on which dividends were paid on Oracle's common stock.

F1 · derivative.expiration_date: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on April 28, 2016 ($40.33), the date on which dividends were paid on Oracle's common stock.

Read SEC document
April 22, 2016 Filed Apr 26, 2016 14:32 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 74,967 $0.00 Strike: $32.43 $0.00
Disclosure

SEC source: 0001127602-16-049897 · form4.xml · derivative · entry 5

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 74,967 shares

Expires 2021-06-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 22, 2016 Filed Apr 26, 2016 14:32 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 104,300 $0.00 Strike: $30.11 $0.00
Disclosure

SEC source: 0001127602-16-049897 · form4.xml · derivative · entry 4

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,895,700

Underlying: Common Stock · 104,300 shares

Expires 2023-07-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 22, 2016 Filed Apr 26, 2016 14:32 UTC ORACLE CORP ORCL · Entity 2805 SaleCommon Stock 179,267 $41.25 $7,394,100.46
Disclosure

SEC source: 0001127602-16-049897 · form4.xml · nonDerivative · entry 3

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,533

F1 · price: This transaction was executed in multiple trades at prices ranging from $41.200 to $41.375. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Read SEC document
April 22, 2016 Filed Apr 26, 2016 14:32 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 74,967 $32.43 $2,431,179.81
Disclosure

SEC source: 0001127602-16-049897 · form4.xml · nonDerivative · entry 2

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 212,800

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 22, 2016 Filed Apr 26, 2016 14:32 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 104,300 $30.11 $3,140,473.00
Disclosure

SEC source: 0001127602-16-049897 · form4.xml · nonDerivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 137,833

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 21, 2016 Filed Apr 25, 2016 16:15 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 25,033 $0.00 Strike: $32.43 $0.00
Disclosure

SEC source: 0001127602-16-049855 · form4.xml · derivative · entry 3

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 74,967

Underlying: Common Stock · 25,033 shares

Expires 2021-06-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 21, 2016 Filed Apr 25, 2016 16:15 UTC ORACLE CORP ORCL · Entity 2805 SaleCommon Stock 25,033 $41.25 $1,032,633.78
Disclosure

SEC source: 0001127602-16-049855 · form4.xml · nonDerivative · entry 2

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,533

F1 · price: This transaction was executed in multiple trades at prices ranging from $41.250 to $41.258. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Read SEC document
April 21, 2016 Filed Apr 25, 2016 16:15 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 25,033 $32.43 $811,820.19
Disclosure

SEC source: 0001127602-16-049855 · form4.xml · nonDerivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,566

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 19, 2016 Filed Apr 21, 2016 17:49 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 250,000 $0.00 Strike: $32.43 $0.00
Disclosure

SEC source: 0001127602-16-049687 · form4.xml · derivative · entry 3

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,000

Underlying: Common Stock · 250,000 shares

Expires 2021-06-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 19, 2016 Filed Apr 21, 2016 17:49 UTC ORACLE CORP ORCL · Entity 2805 SaleCommon Stock 250,000 $41.33 $10,332,325.00
Disclosure

SEC source: 0001127602-16-049687 · form4.xml · nonDerivative · entry 2

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,533

F1 · price: This transaction was executed in multiple trades at prices ranging from $41.20 to $41.48. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Read SEC document
April 19, 2016 Filed Apr 21, 2016 17:49 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 250,000 $32.43 $8,107,500.00
Disclosure

SEC source: 0001127602-16-049687 · form4.xml · nonDerivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 283,533

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 18, 2016 Filed Apr 20, 2016 17:12 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 250,000 $0.00 Strike: $32.43 $0.00
Disclosure

SEC source: 0001127602-16-049603 · form4.xml · derivative · entry 3

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 350,000

Underlying: Common Stock · 250,000 shares

Expires 2021-06-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 18, 2016 Filed Apr 20, 2016 17:12 UTC ORACLE CORP ORCL · Entity 2805 SaleCommon Stock 250,000 $41.18 $10,293,825.00
Disclosure

SEC source: 0001127602-16-049603 · form4.xml · nonDerivative · entry 2

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,533

F1 · price: This transaction was executed in multiple trades at prices ranging from $41.10 to $41.245. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Read SEC document
April 18, 2016 Filed Apr 20, 2016 17:12 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 250,000 $32.43 $8,107,500.00
Disclosure

SEC source: 0001127602-16-049603 · form4.xml · nonDerivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 283,533

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
March 22, 2016 Filed Mar 23, 2016 16:04 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 200,000 $0.00 Strike: $32.43 $0.00
Disclosure

SEC source: 0001127602-16-047271 · form4.xml · derivative · entry 3

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 600,000

Underlying: Common Stock · 200,000 shares

Expires 2021-06-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
March 22, 2016 Filed Mar 23, 2016 16:04 UTC ORACLE CORP ORCL · Entity 2805 SaleCommon Stock 200,000 $41.60 $8,320,780.00
Disclosure

SEC source: 0001127602-16-047271 · form4.xml · nonDerivative · entry 2

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,533

F1 · price: This transaction was executed in multiple trades at prices ranging from $41.60 to $41.64. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. CancelAttach

Read SEC document
March 22, 2016 Filed Mar 23, 2016 16:04 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 200,000 $32.43 $6,486,000.00
Disclosure

SEC source: 0001127602-16-047271 · form4.xml · nonDerivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 233,533

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
March 21, 2016 Filed Mar 23, 2016 12:32 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 200,000 $0.00 Strike: $32.43 $0.00
Disclosure

SEC source: 0001127602-16-047240 · form4.xml · derivative · entry 3

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 800,000

Underlying: Common Stock · 200,000 shares

Expires 2021-06-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
March 21, 2016 Filed Mar 23, 2016 12:32 UTC ORACLE CORP ORCL · Entity 2805 SaleCommon Stock 200,000 $41.61 $8,321,240.00
Disclosure

SEC source: 0001127602-16-047240 · form4.xml · nonDerivative · entry 2

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,533

F1 · price: This transaction was executed in multiple trades at prices ranging from $41.54 to $41.655. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Read SEC document
March 21, 2016 Filed Mar 23, 2016 12:32 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 200,000 $32.43 $6,486,000.00
Disclosure

SEC source: 0001127602-16-047240 · form4.xml · nonDerivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 233,533

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
January 27, 2016 Filed Jan 28, 2016 14:33 UTC ORACLE CORP ORCL · Entity 2805 GrantPerformance Stock Unit · Derivative 593.084 Not disclosed Strike: $0.00 Not disclosed
Disclosure

SEC source: 0001127602-16-038203 · form4.xml · derivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 138,623.562

Underlying: Common Stock · 593.084 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on January 27, 2016 ($34.91), the date on which dividends were paid on Oracle's common stock.

F1 · shares: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on January 27, 2016 ($34.91), the date on which dividends were paid on Oracle's common stock.

F1 · price: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on January 27, 2016 ($34.91), the date on which dividends were paid on Oracle's common stock.

F1 · derivative.exercise_date: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on January 27, 2016 ($34.91), the date on which dividends were paid on Oracle's common stock.

F1 · derivative.expiration_date: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on January 27, 2016 ($34.91), the date on which dividends were paid on Oracle's common stock.

Read SEC document
October 28, 2015 Filed Nov 2, 2015 14:42 UTC ORACLE CORP ORCL · Entity 2805 GrantPerformance Stock Unit · Derivative 530.478 Not disclosed Strike: $0.00 Not disclosed
Disclosure

SEC source: 0001127602-15-029915 · form4.xml · derivative · entry 1

Kurian Thomas · CIK 0001468342 · President-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 138,030.478

Underlying: Common Stock · 530.478 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on October 28, 2015 ($38.88), the date on which dividends were paid on Oracle's common stock.

F1 · shares: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on October 28, 2015 ($38.88), the date on which dividends were paid on Oracle's common stock.

F1 · price: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on October 28, 2015 ($38.88), the date on which dividends were paid on Oracle's common stock.

F1 · derivative.exercise_date: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on October 28, 2015 ($38.88), the date on which dividends were paid on Oracle's common stock.

F1 · derivative.expiration_date: Represents dividend equivalents accrued with respect to earned performance stock units the reporting person has elected to defer. The number of dividend equivalents reported was calculated using Oracle's closing stock price on October 28, 2015 ($38.88), the date on which dividends were paid on Oracle's common stock.

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July 15, 2015 Filed Jul 17, 2015 15:14 UTC ORACLE CORP ORCL · Entity 2805 GrantPerformance Stock Unit · Derivative 137,500 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001127602-15-023045 · form4.xml · derivative · entry 1

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 137,500

Underlying: Common Stock · 137,500 shares

Expires not disclosed

F1 · shares: Represents amount of performance stock units earned from an award granted on July 24, 2014 based on the achievement of a performance target for the fiscal year ended May 31, 2015, as determined by the Compensation Committee on July 15, 2015. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

F1 · derivative.exercise_date: Represents amount of performance stock units earned from an award granted on July 24, 2014 based on the achievement of a performance target for the fiscal year ended May 31, 2015, as determined by the Compensation Committee on July 15, 2015. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

F1 · derivative.expiration_date: Represents amount of performance stock units earned from an award granted on July 24, 2014 based on the achievement of a performance target for the fiscal year ended May 31, 2015, as determined by the Compensation Committee on July 15, 2015. The earned amount vested immediately. The number of earned performance stock units represents 110% of the target number of performance stock units eligible to be earned for the first performance period. The performance goal measured year-over-year growth in Oracle's total revenues for its Cloud Software-as-a-Service and Platform-as-a-Service offerings on a U.S. GAAP basis. The reporting person has elected to defer settlement of this award.

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July 02, 2015 Filed Jul 7, 2015 13:59 UTC ORACLE CORP ORCL · Entity 2805 GrantStock Option · Derivative 2,000,000 $0.00 Strike: $40.36 $0.00
Disclosure

SEC source: 0001127602-15-022487 · form4.xml · derivative · entry 1

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,000,000

Underlying: Common Stock · 2,000,000 shares

Expires 2025-07-02

F1 · derivative.exercise_date: Options vest 25% annually on anniversary of grant date.

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December 22, 2014 Filed Dec 24, 2014 11:54 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 1,000,000 $0.00 Strike: $30.11 $0.00
Disclosure

SEC source: 0001127602-14-035990 · form4.xml · derivative · entry 7

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000,000

Underlying: Common Stock · 1,000,000 shares

Expires 2023-07-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

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December 22, 2014 Filed Dec 24, 2014 11:54 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 500,000 $0.00 Strike: $29.72 $0.00
Disclosure

SEC source: 0001127602-14-035990 · form4.xml · derivative · entry 6

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,500,000

Underlying: Common Stock · 500,000 shares

Expires 2022-07-05

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
December 22, 2014 Filed Dec 24, 2014 11:54 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 1,000,000 $0.00 Strike: $32.43 $0.00
Disclosure

SEC source: 0001127602-14-035990 · form4.xml · derivative · entry 5

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,000,000

Underlying: Common Stock · 1,000,000 shares

Expires 2021-06-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
December 22, 2014 Filed Dec 24, 2014 11:54 UTC ORACLE CORP ORCL · Entity 2805 SaleCommon Stock 2,500,000 $45.73 $114,312,750.00
Disclosure

SEC source: 0001127602-14-035990 · form4.xml · nonDerivative · entry 4

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,958

F1 · price: This transaction was executed in multiple trades at prices ranging from $45.50 to $45.9950. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

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December 22, 2014 Filed Dec 24, 2014 11:54 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 1,000,000 $30.11 $30,110,000.00
Disclosure

SEC source: 0001127602-14-035990 · form4.xml · nonDerivative · entry 3

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,532,958

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
December 22, 2014 Filed Dec 24, 2014 11:54 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 500,000 $29.72 $14,860,000.00
Disclosure

SEC source: 0001127602-14-035990 · form4.xml · nonDerivative · entry 2

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,532,958

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
December 22, 2014 Filed Dec 24, 2014 11:54 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 1,000,000 $32.43 $32,430,000.00
Disclosure

SEC source: 0001127602-14-035990 · form4.xml · nonDerivative · entry 1

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,032,958

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
July 24, 2014 Filed Jul 28, 2014 18:33 UTC ORACLE CORP ORCL · Entity 2805 GrantStock Option · Derivative 2,000,000 $0.00 Strike: $40.47 $0.00
Disclosure

SEC source: 0001127602-14-023991 · form4.xml · derivative · entry 1

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,000,000

Underlying: Common Stock · 2,000,000 shares

Expires 2024-07-24

F1 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 22, 2014 Filed Apr 24, 2014 16:37 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 403,369 $0.00 Strike: $21.55 $0.00
Disclosure

SEC source: 0001127602-14-015150 · form4.xml · derivative · entry 3

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,950,000

Underlying: Common Stock · 403,369 shares

Expires 2020-07-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 22, 2014 Filed Apr 24, 2014 16:37 UTC ORACLE CORP ORCL · Entity 2805 SaleCommon Stock 403,369 $40.29 $16,253,592.51
Disclosure

SEC source: 0001127602-14-015150 · form4.xml · nonDerivative · entry 2

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,958

F1 · price: This transaction was executed in multiple trades at prices ranging from $40.25 to $40.385. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Read SEC document
April 22, 2014 Filed Apr 24, 2014 16:37 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 403,369 $21.55 $8,692,601.95
Disclosure

SEC source: 0001127602-14-015150 · form4.xml · nonDerivative · entry 1

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 436,327

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 21, 2014 Filed Apr 22, 2014 16:55 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 128,049 $0.00 Strike: $21.55 $0.00
Disclosure

SEC source: 0001127602-14-014932 · form4.xml · derivative · entry 3

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,353,369

Underlying: Common Stock · 128,049 shares

Expires 2020-07-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 21, 2014 Filed Apr 22, 2014 16:55 UTC ORACLE CORP ORCL · Entity 2805 SaleCommon Stock 128,049 $40.25 $5,154,074.69
Disclosure

SEC source: 0001127602-14-014932 · form4.xml · nonDerivative · entry 2

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,958

F1 · price: This transaction was executed in multiple trades at prices ranging from $40.25 to $40.2590. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Read SEC document
April 21, 2014 Filed Apr 22, 2014 16:55 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 128,049 $21.55 $2,759,455.95
Disclosure

SEC source: 0001127602-14-014932 · form4.xml · nonDerivative · entry 1

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 161,007

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 09, 2014 Filed Apr 10, 2014 14:05 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 450,000 $0.00 Strike: $21.55 $0.00
Disclosure

SEC source: 0001127602-14-014412 · form4.xml · derivative · entry 3

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,481,418

Underlying: Common Stock · 450,000 shares

Expires 2020-07-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 09, 2014 Filed Apr 10, 2014 14:05 UTC ORACLE CORP ORCL · Entity 2805 SaleCommon Stock 450,000 $40.36 $18,160,785.00
Disclosure

SEC source: 0001127602-14-014412 · form4.xml · nonDerivative · entry 2

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,958

F1 · price: This transaction was executed in multiple trades at prices ranging from $40.35 to $40.412. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Read SEC document
April 09, 2014 Filed Apr 10, 2014 14:05 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 450,000 $21.55 $9,697,500.00
Disclosure

SEC source: 0001127602-14-014412 · form4.xml · nonDerivative · entry 1

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 482,958

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 08, 2014 Filed Apr 9, 2014 13:46 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 481,418 $0.00 Strike: $29.72 $0.00
Disclosure

SEC source: 0001127602-14-014324 · form4.xml · derivative · entry 5

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000,000

Underlying: Common Stock · 481,418 shares

Expires 2022-07-05

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 08, 2014 Filed Apr 9, 2014 13:46 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionStock Option · Derivative 18,582 $0.00 Strike: $21.55 $0.00
Disclosure

SEC source: 0001127602-14-014324 · form4.xml · derivative · entry 4

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,931,418

Underlying: Common Stock · 18,582 shares

Expires 2020-07-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Option vests 25% annually on anniversary of grant date.

Read SEC document
April 08, 2014 Filed Apr 9, 2014 13:46 UTC ORACLE CORP ORCL · Entity 2805 SaleCommon Stock 500,000 $40.30 $20,150,550.00
Disclosure

SEC source: 0001127602-14-014324 · form4.xml · nonDerivative · entry 3

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,958

F1 · price: This transaction was executed in multiple trades at prices ranging from $40.30 to $40.32. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Read SEC document
April 08, 2014 Filed Apr 9, 2014 13:46 UTC ORACLE CORP ORCL · Entity 2805 Exercise / conversionCommon Stock 481,418 $29.72 $14,307,742.96
Disclosure

SEC source: 0001127602-14-014324 · form4.xml · nonDerivative · entry 2

Kurian Thomas · CIK 0001468342 · EVP-Product Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 532,958

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.