RAMBUS INC 4
4 · RAMBUS INC · Filed Feb 3, 2017
Insider Transaction Report
Form 4
RAMBUS INCRMBS
BLACK RONALD D
President and CEO
Transactions
- Award
Common Stock
2017-02-01+233,400→ 646,666 total - Tax Payment
Common Stock
2017-02-01$12.80/sh−9,103$116,518→ 350,138 total - Award
Common Stock
2017-02-01+63,128→ 413,266 total - Tax Payment
Common Stock
2017-02-02$12.67/sh−4,802$60,841→ 641,864 total - Award
Employee Stock Option (right to buy)
2017-02-01+197,753→ 197,753 totalExercise: $12.80From: 2017-08-01Exp: 2027-02-01→ Common Stock (197,753 underlying)
Footnotes (3)
- [F1]Shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of RMBS common stock. The restricted stock units vest in four equal annual installments beginning on February 1, 2018 or the first business trading day thereafter.
- [F2]Shares are represented by performance restricted stock units. Each performance restricted stock unit represents a contingent right to receive one share of RMBS common stock. The performance restricted stock units vest in full on February 1, 2019 based upon assessed achievement of the Company's targeted pro forma operating margin for Fiscal Year 2016 and continued service to the Company through the vest date.
- [F3]One tenth of the shares subject to the option vest on August 1, 2017 and the remaining shares vest in equal monthly installments until they are fully vested on February 1, 2021.