Sheppeck Bryan 4
4 · Cambium Networks Corp · Filed Jun 28, 2019
Insider Transaction Report
Form 4
Sheppeck Bryan
Senior VP, Global Sales
Transactions
- Conversion
Class B Units
2019-06-28−350,000→ 0 total→ Ordinary Shares (57,532 underlying) - Conversion
Class B Units
2019-06-28−50,000→ 0 total→ Ordinary Shares (3,302 underlying) - Conversion
Ordinary Shares
2019-06-28+3,302→ 60,834 total - Award
Stock Option (right to buy)
2019-06-28+70,000→ 70,000 totalExercise: $12.00Exp: 2029-06-23→ Ordinary Shares (70,000 underlying) - Conversion
Ordinary Shares
2019-06-28+57,532→ 57,532 total
Footnotes (7)
- [F1]Represents Class B Units of Vector Cambium Holdings (Cayman), LP ("VCH"), the issuer's parent.
- [F2]In connection with the issuer's Recapitalization (as described in the issuer's prospectus dated June 25, 2019) and upon consummation of the issuer's initial public offering, the reporting person's Class B Units were exchanged for Ordinary Shares of the issuer, on a value-for-value basis, based on the initial public offering price of $12.
- [F3]One-half of these Class B Units vested as follows: 25% vested on January 5, 2016, and the remaining 75% vested in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date. The remaining half of these Class B Units vest upon completion of the issuer's Recapitalization and consummation of the issuer's initial public offering.
- [F4]One-half of these Class B Units vest as follows: 25% vested on October 1, 2017, and the remaining 75% vest in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date. The remaining half of these Class B Units vest upon completion of the issuer's Recapitalization and consummation of the issuer's initial public offering.
- [F5]To the extent not satisfied as of the issuer's initial public offering, these Ordinary Shares are subject to the same time-based vesting conditions as the related Class B Units, described in footnote 4 of this Form 4.
- [F6]These Class B Units have no expiration date.
- [F7]This option vests as follows: 25% vests on June 23, 2020, and the remaining 75% vests in 12 equal quarterly installments on a quarterly basis thereafter, subject to reporting person's continued service as of each vesting date.