SEC Form 4 · accession 0001415889-16-007162
Ubiquiti Inc. · UI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin Moore
Officer — VP BUSINESS DEVELOPMENT
Period of report
Jul 31, 2015
Accepted (ET)
Sep 19, 2016 · 8:26 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 | Jul 7, 2016 | M | 758 | $0.00 | A | 758 | D | |
| Common Stock | Jul 7, 2016 | F | 238 | $37.97 | D | 520 | D | |
| Common Stock | Sep 15, 2016 | M | 277,926 | $0.05 | A | 278,446 | D | |
| Common Stock | Sep 15, 2016 | F | 91,435 | $53.1871 | D | 187,011 | D | |
| Common Stock | Sep 15, 2016 | S | 150,000 | $51.20 | D | 37,011 | 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 UnitF5,F6 | — | Jul 31, 2015 | A | 3,030 | A | — | — | Common Stock | 3,030 | 3,030 | D |
| Restricted Stock UnitF5,F6 | — | Jul 7, 2016 | M | 758 | D | — | — | Common Stock | 758 | 2,272 | D |
| Restricted Stock UnitF5,F7 | — | Jul 29, 2016 | A | 2,538 | A | — | — | Common Stock | 2,538 | 2,538 | D |
| Stock Option (Right to Buy)F8 | $0.05 | Sep 15, 2016 | M | 277,926 | D | — | Apr 9, 2018 | Common Stock | 277,926 | 1,316,964 | D |
Explanation of responses
- F1Shares acquired as a result of vesting of restricted stock units ("RSU") 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.
- F3Shares acquired as a result of exercise of stock options previously reported on Table II
- F4Represents shares withheld to satisfy exercise price and tax obligations arising out of exercise of stock options and does not represent a sale by the reporting person.
- F5Each RSU represents a contingent right to receive one share of Ubiquiti Networks, Inc. common stock.
- F6The RSUs will vest as follows: 758 RSUs vest on July 7, 2016; 758 RSUs vest on July 7, 2017; 757 RSUs vest on July 7, 2018; and the remaining 757 RSUs vest on July 7, 2019. Vested units will be delivered to the reporting person on each vesting date.
- F7The RSUs will vest as follows: 635 RSUs vest on July 8, 2017; 635 RSUs vest on July 8, 2018; 634 RSUs vest on July 8, 2019; and the remaining 634 RSUs vest on July 8, 2020. Vested units will be delivered to the reporting person on each vesting date.
- F81/4 of the shares originally subject to the option became vested on April 9, 2009, and 1/16th of the shares originally subject to the option became vested every three months thereafter.