SEC Form 4 · accession 0001209191-19-001576
Arlo Technologies, Inc. · ARLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Grady Summers
Director
Period of report
Dec 31, 2018
Accepted (ET)
Jan 3, 2019 · 8:35 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 StockF1,F2 | Dec 31, 2018 | A | 5,281 | — | A | 58,965 | D |
Table II — derivative securities
No Table II lines on this filing.
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 5,281 restricted stock awards of the Issuer for 2,667 outstanding restricted stock awards of NETGEAR.
- F2Includes 28,536 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.