4//SEC Filing
Wang Janet 4
Accession 0001140361-18-016902
CIK 0001395848other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 9:05 PM ET
Size
7.5 KB
Accession
0001140361-18-016902
Insider Transaction Report
Form 4
Wang Janet
VP, Discrete Products Group
Transactions
- Tax Payment
Common Stock
2018-04-01$7.40/sh−703$5,202→ 69,104 total - Award
Common Stock
2018-04-01+20,625→ 89,729 total
Footnotes (3)
- [F1]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F2]Vesting of performance-based RSUs ("PSUs") earned by the Reporting Person on April 1, 2018 as a result of the Reporting Person having met certain performance criteria.
- [F3]Each PSU represents a right to receive one share of the Issuer's common stock. 4,125 shares vested on April 1, 2018 upon the achievement of the performance metrics and the remainder will vest 1/8th each quarter beginning on June 30, 2018 and at the end of each of the next seven quarters thereafter until all of the earned shares have completed vesting subject to continued service through each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
Documents
Issuer
ADESTO TECHNOLOGIES Corp
CIK 0001395848
Entity typeother
Related Parties
1- filerCIK 0001655081
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 9:05 PM ET
- Size
- 7.5 KB