SEC Form 4 · accession 0001209191-16-145147
RAMBUS INC · RMBS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Penny Herscher
Director
Period of report
Oct 3, 2016
Accepted (ET)
Oct 5, 2016 · 7:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000917273
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 3, 2016 | A | 12,874 | $0.00 | A | 12,874 | D | |
| Common StockF4,F5,F6 | Oct 3, 2016 | S | 6,809 | $12.4263 | D | 62,582 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of RMBS common stock.
- F2All of the restricted stock units will vest on October 3, 2017 or the first business trading day thereafter.
- F3The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 30, 2015.
- F4The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $12.355 to $12.55. Upon request by the Commission Staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F5Includes remaining 6,809 restricted stock units vested and issued on October 3, 2016.
- F6Shares held directly by the 2001 Herscher Family Trust for which the Reporting Person serves as a trustee.