SEC Form 3 · accession 0000899243-17-024967
Techpoint, Inc. · M-6697
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yukiko Tegarden
Officer — Chief Financial Officer
Period of report
Sep 19, 2017
Accepted (ET)
Oct 31, 2017 · 4:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001556898
Table I — non-derivative securities
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)F3 | $0.97 | holding | — | — | — | — | Apr 17, 2026 | Common Stock | 54,000 | — | D |
| Stock Option (right to buy)F4 | $2.93 | holding | — | — | — | — | Apr 1, 2027 | Common Stock | 30,000 | — | D |
Explanation of responses
- F1The issuer's common stock trades on the Tokyo Stock Exchange under the symbol referenced in the issuer's registration statement on Form S-1 (File No. 333-219992).
- F2Includes 7,500 shares of common stock that are subject to a right of repurchase by the issuer that lapses over time in accordance with the terms of a stock option award that was early exercised by the reporting person.
- F3The option vests over 5 years at the rate of 1/5th of the total number of shares on the 12 month anniversary from the vesting commencement date (March 21, 2016), and the remaining shares vesting equal monthly installments thereafter for the remaining four years. The vesting conditions of the award were subsequently amended to accelerate the vesting date to the first day of the month and year that such vesting date would have otherwise occurred. The option includes an early exercise provision that allows the reporting person to exercise the option as to the unvested shares (in addition to the vested shares), subject to the issuer's right of repurchase of any unvested shares that lapses over the vesting period.
- F4The option vests over 5 years at the rate of 1/60th of the total shares on each monthly anniversary from the vesting commencement date of April 1, 2017. The option includes an early exercise provision that allows the optionee to exercise the option as to the unvested shares (in addition to the vested shares), subject to the issuer's right of repurchase of any unvested shares that lapses over the vesting period.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney