Sec Form 4 Filing - SCHREINER GATES CATHLEEN @ ELLIE MAE INC - 2017-05-24

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
SCHREINER GATES CATHLEEN
2. Issuer Name and Ticker or Trading Symbol
ELLIE MAE INC [ ELLI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, Sales & Marketing
(Last) (First) (Middle)
C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500
3. Date of Earliest Transaction (MM/DD/YY)
05/24/2017
(Street)
PLEASANTON, CA94588
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Stock 05/24/2017( 1 ) M 1,062 A $ 55.3 47,311 D
Common Stock 05/24/2017( 1 ) S 1,062 D $ 109.0919 ( 2 ) 46,249 D
Common Stock 05/24/2017( 1 ) M 996 A $ 25.3 47,245 D
Common Stock 05/24/2017( 1 ) S 996 D $ 109.0919 ( 2 ) 46,249 D
Common Stock 05/24/2017( 1 ) M 1,193 A $ 24.39 47,442 D
Common Stock 05/24/2017( 1 ) S 1,193 D $ 109.0919 ( 2 ) 46,249 D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Non-Qualified Stock Option (right to buy) $ 24.39 05/24/2017( 1 ) M 1,193 ( 3 ) 05/03/2023 Common Stock 1,193 ( 4 ) 0 D
Non-Qualified Stock Option (right to buy) $ 25.3 05/24/2017( 1 ) M 996 ( 3 ) 05/06/2024 Common Stock 996 ( 4 ) 2,390 D
Non-Qualified Stock Option (right to buy) $ 55.3 05/24/2017( 1 ) M 1,062 ( 3 ) 03/23/2025 Common Stock 1,062 ( 4 ) 4,674 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SCHREINER GATES CATHLEEN
C/O ELLIE MAE, INC.
4420 ROSEWOOD DRIVE, SUITE 500
PLEASANTON, CA94588
EVP, Sales & Marketing
Signatures
/s/ Cathleen Schreiner Gates 05/26/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The exercise of these stock options was completed pursuant to the reporting person's Rule 10b5-1 trading plan.
( 2 )The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $108.7700 to $109.4200, inclusive. The reporting person undertakes to provide to Ellie Mae, Inc., any security holder of Ellie Mae, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
( 3 )25% of the stock option shares vest on one year anniversary of grant date, 1/48th of the total shares vest monthly thereafter.
( 4 )The reported transaction is a grant of a derivative security, in which we have left column 8 blank, and have reported the exercise or conversion price of the derivative security in column 2.

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.