SEC Form 4 · accession 0001209191-19-001569

Arlo Technologies, Inc. · ARLO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Christine Marie Gorjanc

Officer — Chief Financial Officer

Period of report

Dec 31, 2018

Accepted (ET)

Jan 3, 2019 · 8:32 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001736946

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Dec 31, 2018	A	73,686	—	A	147,243	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Options (Right to Buy)^F4	$7.25	Dec 31, 2018	A	20,746	A	—	Feb 3, 2021	Common Stock	20,746	20,746	D
Employee Stock Options (Right to Buy)^F5	$6.68	Dec 31, 2018	A	11,248	A	—	May 16, 2023	Common Stock	11,248	11,248	D
Employee Stock Options (Right to Buy)^F6	$6.67	Dec 31, 2018	A	27,495	A	—	Jun 3, 2024	Common Stock	27,495	27,495	D
Employee Stock Options (Right to Buy)^F7	$6.42	Dec 31, 2018	A	42,492	A	—	Jun 2, 2025	Common Stock	42,492	42,492	D
Employee Stock Options (Right to Buy)^F8	$8.11	Dec 31, 2018	A	69,988	A	—	Mar 24, 2026	Common Stock	69,988	69,988	D
Employee Stock Options (Right to Buy)^F9	$8.76	Dec 31, 2018	A	69,988	A	—	Jun 1, 2027	Common Stock	69,988	69,988	D
Employee Stock Options (Right to Buy)^F10	$14.39	Dec 31, 2018	A	69,988	A	—	Jan 25, 2028	Common Stock	69,988	69,988	D

Explanation of responses

F1In connection with the spin-off of the Issuer from NETGEAR, Inc. ("NETGEAR"), on December 31, 2018, the reporting person received restricted stock awards from the Issuer in exchange for the outstanding NETGEAR restricted stock awards held by the reporting person immediately prior to the spin-off. The reporting person received an aggregate of 73,686 restricted stock awards of the Issuer for 37,210 outstanding restricted stock awards of NETGEAR.
F10The reporting person received the option in exchange for an outstanding option to purchase 35,000 shares of NETGEAR common stock at an exercise price of $70.15 per share. The option vests as follows: 25% of the shares vest on the first anniversary of the grant date of the original NETGEAR option (January 25, 2018), and the remaining shares vest in 36 equal monthly installments thereafter.
F2Includes 68,557 shares acquired in a pro rata distribution by NETGEAR by means of a special stock dividend of shares of the Issuer's common stock. On December 31, 2018, each NETGEAR shareholder received 1.980295 shares of the Issuer's common stock for every share of NETGEAR common stock held as of the record date of December 17, 2018, less any fractional share.
F3In connection with the spin-off of the Issuer from NETGEAR, on December 31, 2018, the reporting person received options to purchase shares of the Issuer in exchange for outstanding options to purchase shares of NETGEAR held by the reporting person immediately prior to the spin-off.
F4The reporting person received the option in exchange for an outstanding option to purchase 10,375 shares of NETGEAR common stock at an exercise price of $35.32 per share. The option is fully vested and exercisable.
F5The reporting person received the option in exchange for an outstanding option to purchase 5,625 shares of NETGEAR common stock at an exercise price of $32.54 per share. The option is fully vested and exercisable.
F6The reporting person received the option in exchange for an outstanding option to purchase 13,750 shares of NETGEAR common stock at an exercise price of $32.52 per share. The option is fully vested and exercisable.
F7The reporting person received the option in exchange for an outstanding option to purchase 21,250 shares of NETGEAR common stock at an exercise price of $31.28 per share. The option vests as follows: 25% of the shares vest on the first anniversary of the grant date of the original NETGEAR option (June 2, 2015), and the remaining shares vest in 36 equal monthly installments thereafter
F8The reporting person received the option in exchange for an outstanding option to purchase 35,000 shares of NETGEAR common stock at an exercise price of $39.53 per share. The option vests as follows: 25% of the shares vest on the first anniversary of the grant date of the original NETGEAR option (March 24, 2016), and the remaining shares vest in 36 equal monthly installments thereafter.
F9The reporting person received the option in exchange for an outstanding option to purchase 35,000 shares of NETGEAR common stock at an exercise price of $42.70 per share. The option vests as follows: 25% of the shares vest on the first anniversary of the grant date of the original NETGEAR option (June 1, 2017), and the remaining shares vest in 36 equal monthly installments thereafter.