InvenSense Inc 4
4 · InvenSense Inc · Filed Feb 3, 2016
Insider Transaction Report
Form 4
InvenSense IncINVN
Yu Yunbei Ben
Director
Transactions
- Exercise/Conversion
Restricted Stock Unit (RSU)
2016-02-01−8,956→ 20,450 totalExercise: $0.00→ Common Stock (8,956 underlying) - Exercise/Conversion
Common Stock
2016-02-01+8,956→ 11,779 total
Holdings
- 4,035,404(indirect: By Sierra Ventures IX, L.P.)
Common Stock
Footnotes (3)
- [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 Reporting Person is a Managing Director of Sierra Ventures Associates IX, LLC which serves as the sole General Partner of Sierra Ventures IX, L.P.. As such, the Reporting Person shares voting and investment control over the shares owned by Sierra Ventures IX, L.P., and may be deemed to own beneficially the shares held by Sierra Ventures IX, L.P.. The Reporting Person disclaims beneficial ownership of the shares held by Sierra Ventures IX, L.P. except to the extent of his proportionate pecuniary interest therein.
- [F3]Subject to the Reporting Person's continuing service to the corporation and the provisions in the Invensense's standard form of RSU award agreement, the shares will vest on December 31, 2015. Shares will be delivered to the reporting person on each vest date; provided, however, that settlement of each RSU will be deferred to the first permissible trading day for the corporation's common stock, if later than the applicable vesting date, but no later than March 15th of the year following the vesting date.