SEC Form 4 · accession 0001140361-15-039521

ADESTO TECHNOLOGIES Corp · IOTS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Keith Crandell

Director · 10% Owner

Period of report

Oct 30, 2015

Accepted (ET)

Nov 3, 2015 · 7:52 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 Stock^F1,F2,F3	Oct 30, 2015	C	752,541	$0.00	A	1,152,541	I	See footnotes
Common Stock^F4,F2,F3	Oct 30, 2015	C	73,034	$0.00	A	1,225,575	I	See footnotes
Common Stock^F5,F2,F3	Oct 30, 2015	C	1,050,936	$0.00	A	2,276,511	I	See footnotes

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Series A Preferred Stock^F2,F3,F1	$0.00	Oct 30, 2015	C	315,656	D	—	—	Common Stock	315,656	I
Series B Preferred Stock^F2,F3,F1	$0.00	Oct 30, 2015	C	286,960	D	—	—	Common Stock	286,960	I
Series C Preferred Stock^F2,F3,F1	$0.00	Oct 30, 2015	C	102,309	D	—	—	Common Stock	102,309	I
Series D Preferred Stock^F2,F3,F4	$0.00	Oct 30, 2015	C	70,697	D	—	—	Common Stock	73,034	I
Series D-1 Preferred Stock^F2,F3,F1	$0.00	Oct 30, 2015	C	47,616	D	—	—	Common Stock	47,616	I
Series E Preferred Stock^F2,F3,F5	$0.00	Oct 30, 2015	C	106,326	D	—	—	Common Stock	1,050,936	I

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.
F2Securities held of record by Arch Venture Fund VI, L.P. ("ARCH Fund VI"). The sole general partner of ARCH Fund VI is ARCH Venture Partners VI, L.P. ("ARCH Partners VI"), which may be deemed to have shared voting and investment power over the shares held by ARCH Fund VI. The sole general partner of ARCH Partners VI is ARCH Venture Partners VI, LLC ("ARCH VI LLC"), which may be deemed to have shared voting and investment power over the shares held by ARCH Fund VI. ARCH Partners VI and ARCH VI LLC disclaim beneficial ownership of such shares, except to the extent of any pecuniary interest therein.
F3The managing directors of ARCH VI LLC are Keith Crandell, Clinton Bybee and Robert Nelsen and they may be deemed to have shared voting and investment power over the shares held by ARCH Fund VI. Mr. Crandell is a member of the Issuer's Board of Directors. Messrs. Crandell, Bybee and Nelsen disclaim beneficial ownership of such shares, except to the extent of any pecuniary interest therein.
F4In 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.
F5In 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.