SEC Form 4 · accession 0001415889-18-001697
Ubiquiti Inc. · UI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Sege
Director
Period of report
Nov 28, 2018
Accepted (ET)
Nov 30, 2018 · 4:06 pm EST
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 StockF1 | Nov 28, 2018 | M | 6,250 | $10.77 | A | 6,250 | D | |
| Common StockF3 | Nov 28, 2018 | S | 6,250 | $110.1879 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $10.77 | Nov 28, 2018 | M | 6,250 | D | — | Nov 12, 2022 | Common Stock | 6,250 | 36,250 | D |
Explanation of responses
- F1Includes 4,250 shares which are held in a constructive trust for Eugenia Sege pursuant to the terms of a divorce decree dated December 17, 2017.
- F2The proceeds from the sale of 4,250 shares, net of the exercise price, will be provided to Eugenia Sege pursuant to a constructive trust established under a divorce decree dated December 17, 2017.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.1110 to $110.2801, inclusive. The reporting person undertakes to provide Ubiquiti Networks, Inc., any security holder of Ubiquiti Networks, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.
- F41/3 of the shares originally subject to the options became vested on October 4, 2013, and 1/36th of the shares originally subject to the options vested each month thereafter such that all shares were fully vested on October 4, 2015.