SEC Form 4 · accession 0001437749-15-013358
OMNIVISION TECHNOLOGIES INC · OVTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hongjun Li
Officer — VP of System Technologies
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 6:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001106851
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 1, 2015 | M | 42,747 | $0.00 | A | 195,706 | D | |
| Common Stock | Jul 1, 2015 | F | 17,682 | $26.13 | D | 178,024 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | $0.00 | Jul 1, 2015 | M | 13,166 | D | Jul 1, 2013 | — | Common Stock | 13,166 | 0 | D |
| Restricted Stock UnitF1,F2 | $0.00 | Jul 1, 2015 | M | 14,747 | D | Jul 1, 2014 | — | Common Stock | 14,747 | 14,746 | D |
| Restricted Stock UnitF1,F2 | $0.00 | Jul 1, 2015 | M | 14,834 | D | Jul 1, 2015 | — | Common Stock | 14,834 | 29,666 | D |
| Stock OptionF3 | $26.13 | Jul 1, 2015 | A | 107,165 | A | Jul 1, 2016 | Jul 1, 2022 | Common Stock | 107,165 | 107,165 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive one share of common stock of OmniVision Technologies, Inc.
- F2One-Third of the Restricted Stock Units will vest on the first anniversary of the Vesting Commencement Date, and one-third of the Restricted Stock Units will vest on each of the second and third anniversaries of the Vesting Commencement Date, provided, however, that in each case Participant remains a Service Provider through each vesting date.
- F31/4th of the shares underlying the options become vested and exercisable one year from the date of grant and 1/48th of the shares underlying the options underlying the options become exercisable each month thereafter.