SEC Form 4 · accession 0001477631-18-000006
Telenav, Inc. · TNAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
H.P. Jin
Officer — CEO · Director
Period of report
Oct 29, 2018
Accepted (ET)
Oct 31, 2018 · 7:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001474439
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Oct 29, 2018 | M | 240,000 | A | — | — | Common Stock | 240,000 | 240,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Telenav, Inc.'s common stock.
- F2These restricted stock units (the "RSUs") are earned if a performance-based vesting condition based on the average of the issuer's closing stock price over rolling 50 trading-day periods (a "PC") is met. If the reporting person continues to serve as the issuer's service provider, 50% of the RSUs subject to that applicable PC shall vest on the later of (i) November 1, 2019 or (ii) the date on which the compensation committee of the issuer's board of directors determines that the applicable PC has been achieved. If the reporting person continues as the issuer's service provider in each instance, the remaining 50% of the RSUs subject to such PC shall vest one year following the achievement of such PC. If some or all of the PCs are not met on or prior to October 29, 2021, the remaining unearned portion of the RSUs shall be cancelled. The RSUs are subject to certain provisions related to the acceleration of vesting in the event of a change of control of the issuer.