Sec Form 4 Filing - Lutes Christopher @ Elevate Credit, Inc. - 2021-02-15

Insider filing report for Changes in Beneficial Ownership
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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
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1. Name and Address of Reporting Person
Lutes Christopher
2. Issuer Name and Ticker or Trading Symbol
Elevate Credit, Inc. [ ELVT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
02/15/2021
(Street)
FORT WORTH, TX76109
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 113,822 I By the Lutes Family Living Trust ( 1 )
Common Stock 02/15/2021 M 29,381 A 407,237 D
Common Stock 02/15/2021 F 12,562 ( 3 ) D $ 4.22 397,175 ( 4 ) 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
Restricted Stock Unit (RSU) ( 2 ) 02/15/2021 M 29,381 ( 5 ) ( 5 ) Common Stock 29,381 $ 0 58,760 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lutes Christopher
C/O ELEVATE CREDIT INC.
4150 INTERNATIONAL PLAZA, SUITE 300
FORT WORTH, TX76109
Chief Financial Officer
Signatures
/s/ Chad Bradford, as attorney-in-fact 02/17/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Mr. Lutes and his spouse, Moshira Lutes, are the voting trustees of the Lutes Family Living Trust.
( 2 )Each restricted stock unit ("RSU") represents a contingent right to receive one share of Elevate Credit, Inc. common stock.
( 3 )These shares were withheld by Issuer to satisfy tax withholding obligations.
( 4 )Includes 2,500 shares of Elevate Credit, Inc. common stock acquired pursuant to Elevate Credit, Inc.'s Employee Stock Purchase Plan ("ESPP") on .December 31, 2020
( 5 )The RSUs shall vest as to one-fourth (1/4th) of the applicable RSUs on each anniversary of February 15, 2019 such that the RSUs shall be fully vested on February 15, 2023.

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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