SEC Form 4 · accession 0001209191-16-121056
InvenSense Inc · INVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark P Dentinger
Officer — Chief Financial Officer
Period of report
May 15, 2016
Accepted (ET)
May 17, 2016 · 8:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001294924
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 15, 2016 | M | 10,000 | $0.00 | A | 13,471 | D | |
| Common StockF3 | May 16, 2016 | S | 3,798 | $5.43 | D | 9,673 | D | |
| Common StockF3 | May 16, 2016 | S | 43 | $5.6801 | D | 9,630 | 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 Unit (RSU)F1,F4 | $0.00 | May 15, 2016 | M | 10,000 | D | — | — | Common Stock | 10,000 | 86,250 | D |
| Restricted Stock Unit (RSU)F1,F5 | $0.00 | May 16, 2016 | A | 80,000 | A | — | — | Common Stock | 80,000 | 166,250 | D |
| Stock Option (right to buy)F6 | $5.65 | May 16, 2016 | A | 350,000 | A | — | May 16, 2026 | Common Stock | 350,000 | 350,000 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents a contingent right to receive at settlement one share of Invensense common stock at no cost.
- F2Includes 3,471 shares acquired under the company's employee stock purchase plan on November 15, 2015 and May 15, 2016.
- F3In connection with the vesting and delivery of restricted stock units, shares were sold and the net proceeds were used to pay required withholding taxes.
- F4Subject to the Reporting Person's continuing employment and the provisions in the Invensense's standard form of RSU award agreement, the shares will commence vesting as of the Grant Date and vest at a rate of 25% annually. Shares will be delivered to the reporting person on each vest date.
- F5Subject to the Reporting Person's continuing employment and the provisions in the Invensense's standard form of RSU award agreement, the shares will commence vesting as of May 15, 2016 and vest at a rate of 25% annually. Shares will be delivered to the reporting person on each vest date.
- F6The option vests monthly over 4 years following the vesting commencement date of May 15,2016, at the rate of 1/48 per month.