SEC Form 4 · accession 0001140361-15-039519
ADESTO TECHNOLOGIES Corp · IOTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Oct 30, 2015
Accepted (ET)
Nov 3, 2015 · 7:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001395848
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 30, 2015 | C | 473,025 | $0.00 | A | 673,025 | D | |
| Common StockF3,F2 | Oct 30, 2015 | C | 45,907 | $0.00 | A | 718,932 | D | |
| Common StockF4,F2 | Oct 30, 2015 | C | 1,050,936 | $0.00 | A | 1,769,868 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF2,F1 | $0.00 | Oct 30, 2015 | C | 198,412 | D | — | — | Common Stock | 198,412 | 0 | D |
| Series B Preferred StockF2,F1 | $0.00 | Oct 30, 2015 | C | 180,375 | D | — | — | Common Stock | 180,375 | 0 | D |
| Series C Preferred StockF2,F1 | $0.00 | Oct 30, 2015 | C | 64,308 | D | — | — | Common Stock | 64,308 | 0 | D |
| Series D Preferred StockF2,F3 | $0.00 | Oct 30, 2015 | C | 44,438 | D | — | — | Common Stock | 45,907 | 0 | D |
| Series D-1 Preferred StockF2,F1 | $0.00 | Oct 30, 2015 | C | 29,930 | D | — | — | Common Stock | 29,930 | 0 | D |
| Series E Preferred StockF2,F4 | $0.00 | Oct 30, 2015 | C | 106,326 | D | — | — | Common Stock | 1,050,936 | 0 | D |
Explanation of responses
- F1In connection with the consummation of the Issuer's initial public offering on October 30, 2015, each share of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and Series D-1 Preferred Stock automatically converted into one (1) share of Common Stock for no additional consideration, and had no expiration date. All shares of Common Stock issued upon conversion were aggregated.
- F2The securities are held directly by Harris & Harris Group, Inc. ("Harris & Harris"). Alexei Andreev is an executive vice president and managing director of Harris & Harris and a director of the Issuer.
- F3In connection with the consummation of the Issuer's initial public offering on October 30, 2015, each share of Series D Preferred Stock automatically converted into 1.0330576 shares of Common Stock for no additional consideration, and had no expiration date. All shares of Common Stock issued upon conversion were aggregated.
- F4In connection with the consummation of the Issuer's initial public offering on October 30, 2015, each share of Series E Preferred Stock automatically converted into 9.8841 shares of Common Stock for no additional consideration, and had no expiration date. All shares of Common Stock issued upon conversion were aggregated.