SEC Form 4 · accession 0001415889-18-001105
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 7, 2018
Accepted (ET)
Jul 10, 2018 · 4:06 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, 2018 | M | 757 | $0.00 | A | 773,187 | D | |
| Common Stock | Jul 7, 2018 | F | 335 | $86.66 | D | 772,852 | D | |
| Common Stock | Jul 8, 2018 | M | 635 | $0.00 | A | 773,487 | D | |
| Common Stock | Jul 8, 2018 | F | 281 | $86.66 | D | 773,206 | 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 UnitF3,F4 | — | Jul 7, 2018 | M | 757 | D | — | — | Common Stock | 757 | 757 | D |
| Restricted Stock UnitF3,F5 | — | Jul 8, 2018 | M | 635 | D | — | — | Common Stock | 635 | 1,268 | 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.
- F3Each RSU represents a contingent right to receive one share of Ubiquiti Networks, Inc. common stock.
- F4The RSUs will vest as follows: 757 RSUs vested 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.
- F5The RSUs will vest as follows: 635 RSUs vested 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.