SEC Form 4 · accession 0001209191-16-107994
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
Mar 9, 2016
Accepted (ET)
Mar 11, 2016 · 9:54 pm EST
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 StockF1,F2 | Mar 9, 2016 | A | 175,000 | $0.00 | A | 1,092,659 | D | |
| Common StockF3 | Mar 9, 2016 | A | 15,830 | $0.00 | A | 1,108,489 | D | |
| Common StockF5 | Mar 10, 2016 | S | 15,830 | $7.1092 | D | 1,092,659 | D | |
| Common StockF7 | Mar 11, 2016 | S | 12,593 | $7.3569 | D | 1,080,066 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each restricted stock unit represents a right to receive one share of the Issuer's common stock. One-sixth (1/6th) of the restricted stock units will vest on September 10, 2016, and one-sixth (1/6th) of the restricted stock units vest every six months thereafter.
- F2Does not include 63,758 shares underlying performance restricted stock units reported in a Form 4 filed on February 9, 2015 that were forfeited because the Company did not achieve the specified performance criteria.
- F3These restricted stock units were awarded pursuant to the Company's annual incentive plan for fiscal year 2016 in lieu of a cash payment. Each restricted stock unit represents a right to receive one share of the Issuer's common stock. 100% of the restricted stock units vested on March 9, 2016.
- F4The sales of these restricted stock units were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2015.
- F5The reported price is a weighted average sale price for multiple sale transactions ranging from a low sale price of $7.07 to a high sale price of $7.16. 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.
- F6Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of certain restricted stock units. 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.
- F7The reported price is a weighted average sale price for multiple sale transactions ranging from a low sale price of $7.21 to a high sale price of $7.48. 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.