SEC Form 4 · accession 0001280263-16-000144
AMBARELLA INC · AMBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Feng-Ming Wang
Officer — CEO · Director
Period of report
Mar 7, 2016
Accepted (ET)
Mar 9, 2016 · 6:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001280263
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF2 | Mar 7, 2016 | A | 65,583 | $0.00 | A | 258,608 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3,F4 | $41.36 | Mar 7, 2016 | A | 50,000 | A | — | Mar 6, 2026 | Ordinary Shares | 50,000 | 50,000 | D |
Explanation of responses
- F1Award represents a grant of restricted stock pursuant to the Ambarella, Inc. 2012 Equity Incentive Plan, which grant vests at the rate of 1/14 per quarter beginning on March 15, 2016.
- F2On March 7, 2016 the reporting person was granted restricted stock awards based on Issuer's determination of the satisfaction of certain performance goals for the fiscal year ended January 31, 2016. The performance criteria achieved resulted in the grant of restricted stock awards for 65,583 Ordinary Shares to the reporting person.
- F3On March 7, 2016 the reporting person was granted a non-qualified stock option based on Issuer's determination of the satisfaction of certain performance goals for the fiscal year ended January 31, 2016.
- F4The shares vest at the rate of 1/42 per month beginning on March 15, 2016.