SEC Form 4 · accession 0001140361-16-089900
YuMe Inc · YUME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Jayant Kadambi
Director
Period of report
Dec 14, 2016
Accepted (ET)
Dec 15, 2016 · 9:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001415624
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 14, 2016 | M | 12,500 | $0.00 | A | 903,748 | D | |
| Common StockF2 | Dec 14, 2016 | M | 64,313 | $0.00 | A | 968,061 | D | |
| Common Stock | Dec 14, 2016 | F | 32,203 | $3.61 | D | 935,858 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F6,F4,F5 | — | Dec 14, 2016 | M | 12,500 | D | — | — | Common Stock | 12,500 | 0 | D |
| Restricted Stock UnitsF2,F6,F4,F7 | — | Dec 14, 2016 | M | 64,313 | D | — | — | Common Stock | 64,313 | 0 | D |
Explanation of responses
- F1Represents 25% of unvested restricted stock units ("RSUs") underlying an award granted to the Reporting Person on February 26, 2015 that have vested pursuant to a separation agreement and release entered into by and between the Reporting Person and the Issuer on December 6, 2016 (the "Separation Agreement").
- F2Represents 25% of unvested RSUs underlying an award granted to the Reporting Person on March 2, 2016 that have vested pursuant to the Separation Agreement.
- F3Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. No shares have been sold. All of the shares reported as disposed on this Form 4 are withheld by the Issuer to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units.
- F4Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F5The RSUs were subject to vesting over two years in four equal installments every six months commencing on the grant date.
- F6Pursuant to the Separation Agreement, any remaining unvested RSUs were cancelled by the Issuer.
- F7The RSUs were subject to vesting over three years in six equal installments every six months commencing on the grant date.