SEC Form 4 · accession 0001415889-15-000822
Ubiquiti Inc. · UI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig L Foster
Officer — CHIEF FINANCIAL OFFICER · Director
Period of report
Mar 4, 2015
Accepted (ET)
Mar 10, 2015 · 5:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001511737
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 4, 2015 | M | 27,500 | $0.00 | A | 36,500 | D | |
| Common Stock | Mar 4, 2015 | F | 10,431 | $31.72 | D | 26,069 | 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 UnitsF3,F4 | — | Mar 4, 2015 | M | 27,500 | D | — | — | Common Stock | 110,000 | 55,000 | D |
Explanation of responses
- F1Shares acquired as a result of vesting of restricted stock units ("RSUs") previously reported on Table II.
- F2Represents shares withheld to satisfy tax obligations arising out of vesting of RSUs and does not represent a sale by the reporting person.
- F3Each RSU represents a contingent right to receive one share of Ubiquiti Networks, Inc. common stock.
- F4The RSUs vest in four equal installments which began on March 4, 2014. The remaining RSUs vest in two equal installments on March 4, 2016 and March 4, 2017. Vested shares will be delivered to the reporting person on each vesting date.