SEC Form 4 · accession 0001551327-18-000002
Telenav, Inc. · TNAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Strambi
Officer — CFO
Period of report
Aug 10, 2018
Accepted (ET)
Aug 13, 2018 · 9:22 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 | Aug 10, 2018 | M | 12,500 | $0.00 | A | 74,303 | D | |
| Common Stock | Aug 10, 2018 | F | 6,041 | $5.90 | D | 68,262 | D | |
| Common Stock | Aug 10, 2018 | M | 7,500 | $0.00 | A | 75,762 | D | |
| Common Stock | Aug 10, 2018 | F | 3,624 | $5.90 | D | 72,138 | D | |
| Common Stock | Aug 10, 2018 | M | 22,500 | $0.00 | A | 94,638 | D | |
| Common Stock | Aug 10, 2018 | F | 10,874 | $5.90 | D | 83,764 | 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 UnitF1,F2 | — | Aug 10, 2018 | M | 12,500 | D | Aug 10, 2018 | — | Common Stock | 12,500 | 0 | D |
| Restricted Stock UnitF1,F3 | — | Aug 10, 2018 | M | 7,500 | D | Aug 10, 2018 | — | Common Stock | 7,500 | 7,500 | D |
| Restricted Stock UnitF1,F4 | — | Aug 10, 2018 | M | 22,500 | D | Aug 10, 2018 | — | Common Stock | 22,500 | 67,500 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Telenav Inc.'s common stock.
- F2These RSUs began vesting on August 10, 2014 and vest annually as to 1/4th of the shares per year.
- F3These RSUs began vesting on August 10, 2015 and vest annually as to 1/4th of the shares per year.
- F4These RSUs began vesting on August 10, 2017 and vest annually as to 1/4th of the shares per year.