SEC Form 4 · accession 0001209191-16-121060
InvenSense Inc · INVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Behrooz L. Abdi
Officer — CEO and President · Director
Period of report
May 16, 2016
Accepted (ET)
May 17, 2016 · 8:14 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 | May 16, 2016 | S | 4,747 | $5.43 | D | 275,150 | D | |
| Common StockF1 | May 16, 2016 | S | 55 | $5.6825 | D | 275,095 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $5.65 | May 16, 2016 | A | 200,000 | A | — | May 16, 2026 | Common Stock | 200,000 | 200,000 | D |
| Stock Option (right to buy)F3 | $5.65 | May 16, 2016 | A | 200,000 | A | — | May 16, 2026 | Common Stock | 200,000 | 400,000 | D |
| Stock Option (right to buy)F4 | $5.65 | May 16, 2016 | A | 300,000 | A | — | May 16, 2026 | Common Stock | 300,000 | 700,000 | D |
Explanation of responses
- F1In connection with the vesting and delivery of restricted stock, shares were sold and the net proceeds were used to pay required withholding taxes.
- F2The option will vest ratably at a rate of 1/48th per month after commencement of vesting, and vesting commencing for such shares upon the closing price of InvenSense's publicly traded stock equaling or exceeding $12.50 per share for a period of 20 consecutive trading days.
- F3The option will vest ratably at a rate of 1/48th per month after commencement of vesting, and vesting commencing for such shares upon the closing price of InvenSense's publicly traded stock equaling or exceeding $15.50 per share for a period of 20 consecutive trading days.
- F4The option will vest ratably at a rate of 1/48th per month after commencement of vesting, and vesting commencing for such shares upon the closing price of InvenSense's publicly traded stock equaling or exceeding $17.50 per share for a period of 20 consecutive trading days.