SEC Form 4 · accession 0001209191-16-156216
EVERSPIN TECHNOLOGIES INC. · MRAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan Kang
Officer — VP, MRAM Tech & Prod. Dev.
Period of report
Dec 16, 2016
Accepted (ET)
Dec 20, 2016 · 8:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001438423
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $15.86 | Dec 16, 2016 | D | 28,846 | D | — | Sep 15, 2026 | Common Stock | 28,846 | 0 | D |
| Employee Stock Option (Right to Buy)F1 | $6.63 | Dec 16, 2016 | A | 28,846 | A | — | Sep 15, 2026 | Common Stock | 28,846 | 28,846 | D |
Explanation of responses
- F1The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on September 16, 2016 and provides for vesting of 1/4th of the shares subject to the option on September 1, 2017 and 1/36th of the remaining shares in successive equal monthly installments thereafter.