SEC Form 4 · accession 0001437749-16-035118
SIGMA DESIGNS INC · SIGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elias Nader
Officer — Chief Financial Officer
Period of report
Jul 7, 2016
Accepted (ET)
Jul 11, 2016 · 8:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000790715
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 7, 2016 | A | 25,000 | $0.00 | A | 78,341 | 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 Option (Right to Buy)F2 | $6.48 | Jul 7, 2016 | A | 50,000 | A | — | Jul 7, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Represents an award of restricted stock units ("RSUs") that vest as follows: (1) 25% of the total number of shares on July 7, 2017; and (2) the remaining 75% of the total number of shares in equal quarterly installments (three months) over the 12 fiscal quarters following July 7, 2017.
- F2The option vests as follows: (1) 25% of the total number of shares on July 7, 2017; and (2) the remaining 75% of the total number of shares in equal monthly installments over the 36 months following July 7, 2017.