SEC Form 4 · accession 0001209191-16-146054

EVERSPIN TECHNOLOGIES INC. · MRAM

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

Reporting owner

Director

Period of report

Oct 13, 2016

Accepted (ET)

Oct 17, 2016 · 4:40 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001438423

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Oct 13, 2016	C	22,383	—	A	54,743	I	By Trust
Common Stock^F1,F2	Oct 13, 2016	C	12,071	—	A	66,814	I	By Trust
Common Stock^F2	Oct 13, 2016	C	13,406	$6.40	A	80,220	I	By Trust
Common Stock^F2	Oct 13, 2016	C	9,154	$6.40	A	89,374	I	By Trust
Common Stock^F2	Oct 13, 2016	P	13,986	$8.00	A	103,360	I	By Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Series A Preferred Stock^F1	—	Oct 13, 2016	C	22,383	D	—	—	Common Stock	22,383	D
Series B Preferred Stock^F1	—	Oct 13, 2016	C	12,071	D	—	—	Common Stock	12,071	D
5% Convertible Subordinated Promissory Note^F3	$6.40	Oct 13, 2016	C	—	D	—	—	Common Stock	13,406	D
5% Convertible Subordinated Promissory Note^F4	$6.40	Oct 13, 2016	C	—	D	—	—	Common Stock	9,154	D

F1The reported securities converted into shares of the Issuer's common stock on a one-for-one basis immediately prior to the closing of the Issuer's initial public offering and had no expiration date.
F2The shares are held by the Tate Family Trust Dated 09/30/98, of which Mr. Tate is a trustee.
F3The note was issued in the original principal amount of $82,884. The outstanding principal and accrued interest on such note automatically converted into shares of common stock of the Issuer immediately prior to the closing of the Issuer's initial public offering at a conversion rate equal to 80% of the initial public offering price. The note bore interest at a rate of 5% per annum. The note had accrued interest of $2,917.97 through October 12, 2016.
F4The note was issued in the original principal amount of $58,018.72. The outstanding principal and accrued interest on such note automatically converted into shares of common stock of the Issuer immediately prior to the closing of the Issuer's initial public offering at a conversion rate equal to 80% of the initial public offering price. The note bore interest at a rate of 5% per annum. The note had accrued interest of $572.24 through October 12, 2016.