SEC Form 4 · accession 0001562180-18-004644
Sonos Inc · SONO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Spence
Officer — Chief Executive Officer · Director
Period of report
Nov 19, 2018
Accepted (ET)
Nov 21, 2018 · 4:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001314727
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Nov 19, 2018 | A | 378,044 | A | — | — | Common Stock | 0 | 378,044 | D |
| Stock Options (Right to buy)F3 | $15.44 | Nov 19, 2018 | A | 875,000 | A | — | Nov 18, 2028 | Common Stock | 875,000 | 875,000 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- F21/16 of the shares subject to the RSUs will vest in equal installments on each quarterly anniversary date following the vesting commencement date of November 15, 2018, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person upon vesting.
- F3The stock option will vest as to 1/2 of the total number of shares subject to the stock option on November 15, 2021, and the remaining 1/2 of the total number of shares subject to the stock option on November 15, 2022, subject to the continuing employment of the Reporting Person on each vesting date.