InvenSense Inc 4
4 · InvenSense Inc · Filed Nov 17, 2015
Insider Transaction Report
Form 4
InvenSense IncINVN
TACHNER ADAM H
VP and General Counsel
Transactions
- Exercise/Conversion
Common Stock
2015-11-15+2,000→ 70,010 total - Sale
Common Stock
2015-11-16$11.38/sh−758$8,626→ 69,793 total - Exercise/Conversion
Restricted Stock Unit (RSU)
2015-11-15−2,000→ 38,667 totalExercise: $0.00→ Common Stock (2,000 underlying)
Footnotes (5)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive at settlement one share of Invensense common stock at no cost.
- [F2]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.
- [F3]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.
- [F4]Includes 541 shares acquired under the company's employee stock purchase plan on November 15, 2015.
- [F5]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.