SEC Form 4 · accession 0001567619-19-004880
Sonos Inc · SONO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward P Lazarus
Officer — Chief Legal Officer & Secty.
Period of report
Feb 15, 2019
Accepted (ET)
Feb 19, 2019 · 5:07 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 | Feb 15, 2019 | A | 69,528 | A | — | — | Common Stock | 69,528 | 69,528 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Feb 15, 2019 | A | 52,146 | A | — | — | Common Stock | 52,146 | 52,146 | D |
| Employee Stock Option (right to buy)F4 | $11.12 | Feb 15, 2019 | A | 200,000 | A | — | Feb 14, 2029 | Common Stock | 200,000 | 200,000 | 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.
- F21/4 of the RSUs will vest on February 15, 2020, and 1/16 of the RSUs will vest on each quarterly anniversary thereafter beginning on May 15, 2020, 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.
- F31/16 of the shares subject to the RSUs will vest in equal installments on each quarterly anniversary date following the vesting commencement date of February 15, 2019, 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.
- F4The stock option will vest as to 1/4 of the total number of shares subject to the stock option on February 15, 2020, and thereafter shall vest as to 1/16 of the total number of shares subject to the stock option in equal quarterly installments beginning on May 15, 2020, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.