SEC Form 4 · accession 0001209191-16-107995
Nimble Storage Inc · NMBL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Varun Mehta
Officer — VP Engineering · Director
Period of report
Mar 9, 2016
Accepted (ET)
Mar 11, 2016 · 9:56 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 | 60,000 | $0.00 | A | 402,287 | D | |
| Common StockF3 | Mar 9, 2016 | A | 5,910 | $0.00 | A | 408,197 | D | |
| Common StockF5 | Mar 10, 2016 | S | 4,727 | $7.1097 | D | 403,470 | D | |
| Common Stock | Mar 10, 2016 | G | 1,183 | $0.00 | D | 402,287 | D | |
| Common StockF6 | Mar 10, 2016 | G | 1,183 | $0.00 | A | 4,072,804 | I | See Footnote |
| Common StockF7 | Mar 11, 2016 | S | 9,422 | $7.4146 | D | 392,865 | D | |
| Common StockF8 | holding | — | — | — | 600,000 | I | See Footnote | |
| Common StockF9 | holding | — | — | — | 650,000 | I | See Footnote | |
| Common StockF10 | holding | — | — | — | 600,000 | I | See Footnote | |
| Common StockF11 | holding | — | — | — | 650,000 | I | See Footnote |
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.
- F10Held directly by The Kimaya Jia Mehta 2012 GST Trust. The reporting person has shared voting and investment control over these shares.
- F11Held directly by The Kimaya Jia Mehta Trust. The reporting person has shared voting and investment control over these shares.
- F2Does not include 31,904 shares underlying performance restricted stock units reported in a Form 4 filed on January 30, 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.
- F4Represents 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.
- F5The reported price is a weighted average sale price for multiple sale transactions ranging from a low sale price of $7.08 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.
- F6Held directly by The Mehta Family Trust U/A Dated 11/06/2006. The reporting person has shared voting and investment control over these shares.
- F7The reported price is a weighted average sale price for multiple sale transactions ranging from a low sale price of $7.37 to a high sale price of $7.495. 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.
- F8Held directly by The Jai Vir Mehta 2012 GST Trust. The reporting person has shared voting and investment control over these shares.
- F9Held directly by The Jai Vir Mehta Trust. The reporting person has shared voting and investment control over these shares.