SEC Form 4 · accession 0001140361-17-006387
ADESTO TECHNOLOGIES Corp · IOTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gideon D Intrater
Officer — Chief Technology Officer
Period of report
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 9:59 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 | Feb 9, 2017 | A | 40,000 | $0.00 | A | 65,672 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $0.00 | Feb 9, 2017 | M | 40,000 | D | — | Feb 8, 2027 | Common Stock | 40,000 | 40,000 | 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. The RSUs will vest quarterly over 2 years beginning on May 9, 2017. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- F2The stock option vests and becomes exercisable in 48 equal monthly installments beginning on March 9, 2017 until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.