SEC Form 4 · accession 0001209191-15-025383
Violin Memory Inc · VMEM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cory Sindelar
Officer — Chief Financial Officer
Period of report
Mar 9, 2015
Accepted (ET)
Mar 11, 2015 · 7:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001407190
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $3.29 | Mar 9, 2015 | A | 300,000 | A | — | Mar 8, 2022 | Common Stock | 300,000 | 300,000 | D |
| Restricted Stock UnitsF2,F3 | — | Mar 9, 2015 | A | 50,000 | A | — | — | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F175,000 shares subject to the option will vest upon the Reporting Person's completion of one year of continuous service from the grant date. The remaining 225,000 shares subject to the option will vest in equal monthly installments over the subsequent three years, subject to the Reporting Person's continuous service through each vesting date.
- F2Each restricted stock unit (RSU) represents a contingent right to receive one share of Common Stock of Violin Memory, Inc.
- F3RSU award vests at a rate of 25% after one year from the Vesting Commencement Date, which is March 20, 2015, and quarterly thereafter for the remaining three years subject to the Reporting Person's continuous service through each vesting date.