InvenSense Inc 4
4 · InvenSense Inc · Filed May 19, 2015
Insider Transaction Report
Form 4
InvenSense IncINVN
TACHNER ADAM H
VP and General Counsel
Transactions
- Exercise/Conversion
Common Stock
2015-05-15+2,000→ 44,736 total - Exercise/Conversion
Stock Option (right to buy)
2015-05-15+80,000→ 80,000 totalExercise: $14.57Exp: 2025-05-15→ Common Stock (80,000 underlying) - Award
Common Stock
2015-05-15+20,000→ 42,736 total - Sale
Common Stock
2015-05-18$14.46/sh−742$10,729→ 43,994 total - Sale
Common Stock
2015-05-18$14.59/sh−2$29→ 43,992 total - Exercise/Conversion
Restricted Stock Unit (RSU)
2015-05-15−2,000→ 79,334 totalExercise: $0.00→ Common Stock (2,000 underlying)
Footnotes (6)
- [F1]Represents a grant of unvested restricted stock. 25% of the award will vest and become subject to release from restrictions annually over the next four years beginning May 15, 2016.
- [F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive at settlement one share of Invensense common stock at no cost.
- [F3]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 Sales Plan adopted by the reporting person on December 11, 2014.
- [F4]In connection with the vesting and delivery of restricted stock units, shares were sold and the net proceeds were used to pay required withholding taxes.
- [F5]The option vests monthly over 4 years following the vesting commencement date of May 15, 2015, at the rate of 1/48 per month.
- [F6]Subject to the Reporting Person's continuing employment and the provisions in Invensense's standard form of RSU award agreement, 25% of the shares will vest one year from the Grant Date, 25% of the shares will vest on 8/15/15, 25% of the shares will vest on 11/15/15 and 25% of the shares will vest on 2/15/16. Shares will be delivered to the reporting person on each vest date.