EVERSPIN TECHNOLOGIES INC 4
4 · EVERSPIN TECHNOLOGIES INC · Filed Oct 17, 2016
Insider Transaction Report
Form 4
TATE GEOFFREY
Director
Transactions
- Conversion
Common Stock
2016-10-13+22,383→ 54,743 total(indirect: By Trust) - Conversion
5% Convertible Subordinated Promissory Note
2016-10-13→ 0 totalExercise: $6.40→ Common Stock (13,406 underlying) - Conversion
Common Stock
2016-10-13+12,071→ 66,814 total(indirect: By Trust) - Conversion
Common Stock
2016-10-13$6.40/sh+13,406$85,798→ 80,220 total(indirect: By Trust) - Conversion
Series B Preferred Stock
2016-10-13−12,071→ 0 total→ Common Stock (12,071 underlying) - Conversion
Series A Preferred Stock
2016-10-13−22,383→ 0 total→ Common Stock (22,383 underlying) - Purchase
Common Stock
2016-10-13$8.00/sh+13,986$111,888→ 103,360 total(indirect: By Trust) - Conversion
5% Convertible Subordinated Promissory Note
2016-10-13→ 0 totalExercise: $6.40→ Common Stock (9,154 underlying) - Conversion
Common Stock
2016-10-13$6.40/sh+9,154$58,586→ 89,374 total(indirect: By Trust)
Footnotes (4)
- [F1]The reported securities converted into shares of the Issuer's common stock on a one-for-one basis immediately prior to the closing of the Issuer's initial public offering and had no expiration date.
- [F2]The shares are held by the Tate Family Trust Dated 09/30/98, of which Mr. Tate is a trustee.
- [F3]The note was issued in the original principal amount of $82,884. The outstanding principal and accrued interest on such note automatically converted into shares of common stock of the Issuer immediately prior to the closing of the Issuer's initial public offering at a conversion rate equal to 80% of the initial public offering price. The note bore interest at a rate of 5% per annum. The note had accrued interest of $2,917.97 through October 12, 2016.
- [F4]The note was issued in the original principal amount of $58,018.72. The outstanding principal and accrued interest on such note automatically converted into shares of common stock of the Issuer immediately prior to the closing of the Issuer's initial public offering at a conversion rate equal to 80% of the initial public offering price. The note bore interest at a rate of 5% per annum. The note had accrued interest of $572.24 through October 12, 2016.