SEC Form 4 · accession 0001474439-16-000197
Telenav, Inc. · TNAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Loren E Hillberg
Officer — General Counsel
Period of report
Sep 13, 2016
Accepted (ET)
Sep 14, 2016 · 6:22 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 13, 2016 | M | 12,500 | $0.00 | A | 12,500 | D | |
| Common Stock | Sep 13, 2016 | F | 4,697 | $5.32 | D | 7,803 | D | |
| Common StockF1 | Sep 14, 2016 | S | 7,803 | $5.22 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | $0.00 | Sep 13, 2016 | M | 12,500 | D | Sep 13, 2016 | — | Common Stock | 12,500 | 12,500 | D |
Explanation of responses
- F1The price reported in Table I Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.06 to $5.32, inclusive. The reporting person undertakes to provide Telenav, Inc., any security holders of Telenav, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form.
- F2Each restricted stock unit represents a contingent right to receive one share of Telenav, Inc.'s common stock.
- F3These RSUs began vesting on September 13, 2013 and vest annually as to 1/4th of the shares per year.