SEC Form 4 · accession 0001227025-16-000132
NEOPHOTONICS CORP · NPTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee Sen Ting
Director
Period of report
Jun 7, 2016
Accepted (ET)
Jun 9, 2016 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001227025
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 7, 2016 | M | 2,880 | $0.00 | A | 13,462 | 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 Units (right to acquire)F1,F2,F3 | $0.00 | Jun 7, 2016 | M | 2,880 | D | Jun 7, 2016 | — | Common Stock | 2,880 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of NeoPhotonics common stock.
- F2Mr. Lee Ting's director term ended on 6/7/2016. According to the Company's Non-employee Director Compensation Policy, the stock options and RSUs will be deemed fully-vested if the Director's term concludes at the following year's regular annual stockholders' meeting, even if such meeting occurs less than 12 months from the previous meeting. As a result of such Policy, the shares subject to Mr. Ting's RSU and option grants made at the 2015 annual stockholders' meeting became fully-vested at the 6/7/2016 meeting.
- F3This RSU shall vest on the 12 month anniversary of the grant date, so long as the Reporting Person remains a member of the Board of Directors of the Company.