SEC Form 4 · accession 0001209191-17-044684
Tintri, Inc. · TNTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian R Halifax
Officer — Chief Financial Officer
Period of report
Jul 6, 2017
Accepted (ET)
Jul 10, 2017 · 7:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001554875
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 30, 2017 | A | 28,333 | — | A | 154,304 | D | |
| Common StockF2 | Mar 30, 2017 | A | 5,952 | — | A | 160,256 | D | |
| Common StockF3 | May 30, 2017 | A | 62,500 | — | A | 222,756 | D | |
| Common Stock | Jun 1, 2017 | D | 88,520 | $13.68 | D | 134,236 | D | |
| Common StockF4 | Jul 6, 2017 | C | 13,622 | — | A | 147,858 | 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)F5 | $13.68 | Mar 31, 2015 | A | 54,166 | A | — | Mar 31, 2025 | Common Stock | 54,166 | 54,166 | D |
| Stock Option (right to buy)F6 | $13.68 | May 30, 2017 | A | 20,833 | A | — | May 30, 2027 | Common Stock | 20,833 | 20,833 | D |
| Stock Option (right to buy) | $13.68 | May 30, 2017 | A | 88,520 | A | Jul 6, 2017 | May 30, 2027 | Common Stock | 88,520 | 88,520 | D |
| Series F Preferred StockF7,F8 | — | Jun 1, 2017 | D | 4,541 | D | — | — | Common Stock | 13,622 | 0 | D |
| Series F Preferred StockF7,F8 | — | Jun 1, 2017 | A | 4,541 | A | — | — | Common Stock | 13,622 | 4,541 | D |
| Series F Preferred StockF4 | — | Jul 6, 2017 | C | 4,541 | D | — | — | Common Stock | 13,622 | 0 | D |
Explanation of responses
- F1Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. 50% of the RSUs vest on March 19, 2018 and the remaining 50% of the RSUs shall vest on an annual basis over the following 2 years.
- F2Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. 100% of the RSUs vest on March 15, 2018, provided that certain Issuer performance milestones are achieved.
- F3Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. 3/8 of the RSU's vest on March 15, 2018 and an additional 1/8 of the RSU's shall vest every three months thereafter.
- F4The Series F Preferred Stock automatically converted into shares of Common Stock on a 2.9999959-for-one basis immediately prior to the closing of the Issuer's initial public offering. The Series F Preferred Stock had no expiration date.
- F525% of the shares subject to the option vested on March 31, 2016 and an additional 1/48 of the shares vest monthly thereafter.
- F61/24 of the shares subject to the option will vest on August 1, 2017 and an additional 1/24 of the shares vest monthly thereafter.
- F7See Exhibit 99.1
- F8The Series F Preferred Stock was, at the option of the holder, convertible into shares of Common Stock on a 1-for-1 basis and was automatically converted into shares of Common Stock on a 2.9999959-for-1 basis immediately prior to the closing of the Issuer's initial public offering. The Series F Preferred Stock had no expiration date.