SEC Form 4 · accession 0001209191-16-107998
Nimble Storage Inc · NMBL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anup V Singh
Officer — Chief Financial Officer
Period of report
Mar 9, 2016
Accepted (ET)
Mar 11, 2016 · 9:59 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 | S | 1,190 | $7.6892 | D | 150,059 | D | |
| Common StockF3 | Mar 9, 2016 | A | 150,000 | $0.00 | A | 300,059 | D | |
| Common StockF4 | Mar 9, 2016 | A | 6,332 | $0.00 | A | 306,391 | D | |
| Common StockF6 | Mar 10, 2016 | S | 6,332 | $7.1033 | D | 300,059 | D | |
| Common StockF8 | Mar 10, 2016 | S | 2,739 | $7.5122 | D | 297,320 | D | |
| Common StockF9 | Mar 11, 2016 | S | 6,897 | $7.3249 | D | 290,423 | D | |
| Common StockF10 | holding | — | — | — | 330,584 | I | See Footnote | |
| Common StockF11 | holding | — | — | — | 57,952 | I | See Footnote | |
| Common StockF12 | holding | — | — | — | 57,952 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 1,190 shares acquired by the Reporting Person pursuant to the Issuer's 2013 Employee Stock Purchase Plan on March 9, 2016.
- F10Held directly by The Singh Family Trust. The reporting person has shared voting and investment control over these shares.
- F11Held directly by The Anup V. Singh 2013 Grantor Retained Annuity Trust. The reporting person has shared voting and investment control over these shares.
- F12Held directly by The Monisha Singh 2013 Grantor Retained Annuity 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.
- F3Each 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.
- F4These 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.
- F5The 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.
- F6The 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.
- F7Represents 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.
- F8The reported price is a weighted average sale price for multiple sale transactions ranging from a low sale price of $7.2950 to a high sale price of $7.61. 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.
- F9The reported price is a weighted average sale price for multiple sale transactions ranging from a low sale price of $7.22 to a high sale price of $7.4450. 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.