SEC Form 4 · accession 0001474439-15-000085
Telenav, Inc. · TNAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Salman Dhanani
Officer — Co-Pres. Automotive Bus Unit
Period of report
Sep 24, 2015
Accepted (ET)
Sep 28, 2015 · 4:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001474439
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 24, 2015 | M | 5,000 | $0.72 | A | 241,519 | D | |
| Common StockF2 | Sep 24, 2015 | S | 5,000 | $8.0012 | D | 236,519 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F3 | $0.72 | Sep 24, 2015 | M | 5,000 | D | Mar 7, 2007 | Mar 14, 2016 | Common Stock | 5,000 | 56,682 | D |
Explanation of responses
- F1The sale transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 13, 2015.
- F2The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.0000 to $8.0100, inclusive. The reporting person undertakes to provide to Telenav, Inc., any security holder of Telenav, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3This stock option was granted on March 14, 2006 and vests over four years. 1/4th of the shares subject to the option will be vested and become exercisable on March 7, 2007 and 1/48 of the shares subject to the option shall become vested at the end of each monthly period thereafter, subject to optionee's continued status as a service provider on such vest date.