SEC Form 4 · accession 0001636754-15-000002
AUDIENCE INC · ADNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Steele
Officer — VP, Engineering
Period of report
Mar 16, 2015
Accepted (ET)
Mar 18, 2015 · 5:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001201663
Table I — non-derivative securities
No Table I lines on this filing.
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 | $0.001 | Mar 16, 2015 | A | 20,000 | A | — | — | Common Stock | 20,000 | 20,000 | D |
| Option to purchase Common StockF3 | $4.63 | Mar 16, 2015 | A | 110,000 | A | Apr 16, 2015 | Mar 16, 2025 | Common Stock | 110,000 | 110,000 | D |
Explanation of responses
- F1Represents par value of ADNC common stock
- F212.5% of the restricted stock unit will vest on September 16, 2015, 12.5% of the restricted stock unit will vest every six months thereafter provided that the reporting person is a service provider to the Issuer on each such vest date. Shares will be delivered to reporting person on each vest date.
- F31/48th of the shares subject to the option shall vest and become exercisable each month after March 16, 2015, provided that the reporting person is a service provider to the Issuer on each such vest date.