SEC Form 4 · accession 0001280263-19-000015
AMBARELLA INC · AMBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leslie Kohn
Officer — Chief Technology Officer · Director
Period of report
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 6:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001280263
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1,F2 | — | Mar 7, 2019 | A | 35,604 | A | — | Mar 15, 2022 | Ordinary Shares | 35,604 | 35,604 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 7, 2019 | A | 35,604 | A | — | Mar 15, 2022 | Ordinary Shares | 35,604 | 35,604 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
- F2Reporting person was granted an award of performance-based RSUs covering a target of 35,604 ordinary shares (the "Target RSU Number"). Pursuant to time-based vesting requirements, 100% of this award is scheduled to vest on March 15, 2022, subject to continued service requirements through such date. In addition, the number of shares subject to the RSUs may be increased or decreased by up to 100% of the Target RSU Number or may remain the same, based on attainment of specified levels of the Company's total stockholder return over the period of February 1, 2019 through January 31, 2022.
- F3The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2019.