CHEN LEE 4
4 · A10 Networks, Inc. · Filed May 20, 2020
Insider Transaction Report
Form 4
CHEN LEE
DirectorCEO and President10% Owner
Transactions
- Sale
Common Stock
2020-05-18$6.00/sh−2,200,000$13,200,000→ 7,670,224 total - Sale
Employee Stock Option (right to buy)
2020-05-18−282,500→ 0 totalExercise: $5.52From: 2016-03-12Exp: 2020-05-31→ Common Stock (282,500 underlying)
Holdings
- 3,200(indirect: See footnote)
Common Stock
Footnotes (5)
- [F1]The Issuer and Reporting Person entered into a Common Stock Repurchase and Option Exchange Agreement (the "Repurchase Agreement") for the purchase by the Issuer, and sale by the Reporting Person, of 2,200,000 shares of the Issuer's common stock in a privately-negotiated transaction for an aggregate purchase price of $13,200,000.
- [F2]Shares held of record by the U/A DTD 07/25/2000 Lee Chen Family Trust, for which the Reporting Person serves as a trustee.
- [F3]Represents fully vested stock options.
- [F4]Pursuant to the Repurchase Agreement, in addition to the purchase and sale of common stock referenced in footnote 1, the Reporting Person agreed to cancel such options in exchange for the payment by the Issuer to the Reporting Person of $135,600.
- [F5]Following Reporting Person's separation from service, the stock options expire if not exercised by May 31, 2020.