SEC Form 4 · accession 0001209191-15-069698
Nimble Storage Inc · NMBL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Suresh Vasudevan
Officer — Chief Executive Officer · Director
Period of report
Sep 3, 2015
Accepted (ET)
Sep 4, 2015 · 7:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001452751
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Sep 3, 2015 | S | 10,651 | $25.3192 | D | 919,407 | D | |
| Common Stock | Sep 3, 2015 | M | 22,149 | $0.5867 | A | 941,556 | D | |
| Common StockF4 | Sep 3, 2015 | S | 22,049 | $24.9264 | D | 919,507 | D | |
| Common Stock | Sep 3, 2015 | S | 100 | $25.60 | D | 919,407 | D | |
| Common Stock | Sep 4, 2015 | M | 27,851 | $0.5867 | A | 947,258 | D | |
| Common StockF5 | Sep 4, 2015 | S | 27,851 | $24.4225 | D | 919,407 | 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)F6 | $0.5867 | Sep 3, 2015 | M | 22,149 | D | — | Mar 8, 2021 | Common Stock | 22,149 | 2,084,851 | D |
| Employee Stock Option (Right to Buy)F6 | $0.5867 | Sep 4, 2015 | M | 27,851 | D | — | Mar 8, 2021 | Common Stock | 27,851 | 2,057,000 | D |
Explanation of responses
- F1Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- F2The reported price is a weighted average sale price for multiple sale transactions ranging from a low sale price of $24.78 to a high sale price of $25.60. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request from the staff of the Securities and Exchange Commission, the Issuer or a stockholder of the Issuer.
- F3The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 20, 2015.
- F4The reported price is a weighted average sale price for multiple sale transactions ranging from a low sale price of $24.60 to a high sale price of $25.59. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request from the staff of the Securities and Exchange Commission, the Issuer or a stockholder of the Issuer.
- F5The reported price is a weighted average sale price for multiple sale transactions ranging from a low sale price of $24.025 to a high sale price of $24.76. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request from the staff of the Securities and Exchange Commission, the Issuer or a stockholder of the Issuer.
- F6The stock option was fully vested as of February 28, 2015.