SEC Form 4 · accession 0001140361-17-043259
ADESTO TECHNOLOGIES Corp · IOTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raphael Mehrbians
Officer — Vice President, Marketing
Period of report
Nov 15, 2017
Accepted (ET)
Nov 17, 2017 · 5:52 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 | Nov 15, 2017 | M | 3,000 | $3.48 | A | 13,850 | D | |
| Common StockF1,F2 | Nov 15, 2017 | S | 3,859 | $7.7723 | D | 9,991 | D | |
| Common Stock | Nov 16, 2017 | M | 750 | $3.48 | A | 10,741 | D | |
| Common Stock | Nov 16, 2017 | M | 2,500 | $3.60 | A | 13,241 | D | |
| Common StockF1,F3 | Nov 16, 2017 | S | 3,250 | $7.909 | D | 9,991 | 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)F4 | $3.48 | Nov 15, 2017 | M | 3,000 | D | — | May 4, 2026 | Common Stock | 3,000 | 7,000 | D |
| Employee Stock Option (right to buy)F4 | $3.48 | Nov 16, 2017 | M | 750 | D | — | May 4, 2026 | Common Stock | 750 | 6,250 | D |
| Employee Stock Option (right to buy)F5 | $3.60 | Nov 16, 2017 | M | 2,500 | D | — | Feb 8, 2027 | Common Stock | 2,500 | 77,500 | D |
Explanation of responses
- F1Represents the aggregate of sales effected on the same day at different prices
- F2Represents the weighted average sales price per share. The shares sold at prices ranging from $7.755 to $7.775 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F3Represents the weighted average sales price per share. The shares sold at prices ranging from $7.90 to $7.925 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F4The stock option vests and becomes exercisable as to 25% of the shares subject to the option on April 29, 2017, and thereafter vests as to 1/48th of the shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
- F5The stock option vests and becomes exercisable in 48 equal monthly installments beginning on March 15, 2017 until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.