SEC Form 4 · accession 0001227025-17-000031
NEOPHOTONICS CORP · NPTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chiyue cheung
Officer — Chief Operating Officer
Period of report
Apr 27, 2017
Accepted (ET)
May 1, 2017 · 7:14 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 | Apr 27, 2017 | M | 11,000 | $0.00 | A | 11,000 | D | |
| Common Stock | Apr 28, 2017 | D | 11,000 | $7.704 | D | 0 | 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)F2,F3 | $0.00 | Apr 27, 2017 | M | 11,000 | D | — | Oct 27, 2018 | Common Stock | 11,000 | 11,000 | D |
Explanation of responses
- F1In accordance with the State Administration of Foreign Exchange in China, shares acquired by Chinese national employees through an award granted under the Company's 2010 EIP Plan are subject to immediate sale.
- F2Each restricted stock unit represents a contingent right to receive one share of NeoPhotonics common stock.
- F350% of the Shares shall vest on the 18-month anniversary of the Vesting Commencement Date, 25% vest on the next 12-month anniversary of the Vesting Commencement Date, and the remaining 25% will vest on the next 6-month anniversary of the vesting Commencement Date, so long as the optionee remains an employee of or consultant to the Company or its qualifying subsidiaries.