SEC Form 4 · accession 0001437749-15-013361
OMNIVISION TECHNOLOGIES INC · OVTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond Wu
Officer — President
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 6:46 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 | 15,333 | $0.00 | A | 31,459 | D | |
| Common Stock | Jul 1, 2015 | F | 5,763 | $26.13 | D | 25,696 | 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 | 9,333 | D | Jul 1, 2014 | — | Common Stock | 9,333 | 9,333 | D |
| Restricted Stock UnitF1,F2 | $0.00 | Jul 1, 2015 | M | 6,000 | D | Jul 1, 2015 | — | Common Stock | 6,000 | 12,000 | D |
| Stock OptionF3 | $26.13 | Jul 1, 2015 | A | 10,000 | A | Jul 1, 2016 | Jul 1, 2022 | Common Stock | 10,000 | 10,000 | 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.