4//SEC Filing
Aaron David 4
Accession 0001209191-20-039962
CIK 0001395848other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 8:59 PM ET
Size
9.4 KB
Accession
0001209191-20-039962
Insider Transaction Report
Form 4
Aaron David
VP, General Counsel & Sec.
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2020-06-29−13,263→ 0 totalExercise: $5.87Exp: 2029-03-25→ Common Stock (13,263 underlying) - Disposition from Tender
Common Stock
2020-06-29$12.55/sh−60,117$754,468→ 0 total
Footnotes (4)
- [F1]On February 20, 2020, Adesto Technologies Corporation (the "Company") entered into an Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time, the "Merger Agreement") with Dialog Semiconductor plc ("Dialog") and Azara Acquisition Corp., a wholly-owned direct or indirect subsidiary of Dialog ("Merger Sub"), pursuant to which Merger Sub was merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned direct or indirect subsidiary of Dialog. Pursuant to the Merger Agreement all shares of Company common stock outstanding immediately prior to the effective time of the Merger (the "Effective Time"), were canceled and converted automatically into the right to receive $12.55 in cash.
- [F2]Pursuant to the Merger Agreement, at the Effective Time, each unvested and outstanding Company restricted stock unit ("RSU") was cancelled and converted into the right to receive, in Dialog's discretion, either (i) $12.55 per RSU or (ii) 0.2912 restricted stock units with respect to Dialog Ordinary Shares, in each case subject to the same vesting schedule, termination terms and other restrictions as such RSU was subject to immediately prior to the Effective Time.
- [F3]Pursuant to the Merger Agreement, at the Effective Time, each vested outstanding Company stock option was cancelled and converted into the right to receive an amount in cash equal to (i) the difference between $12.55 and the exercise price of such stock option multiplied by (ii) the number of shares subject to such stock option.
- [F4]Pursuant to the Merger Agreement, at the Effective Time, each unvested Company stock option was either cancelled and converted into the right to receive, in Dialog's discretion, either (i) an amount in cash equal to (a) the difference between $12.55 and the exercise price of such stock option multiplied by (b) the number of shares subject to such stock option, or (ii) a restricted stock unit with respect to Dialog Ordinary Shares determined by multiplying (a) the number of shares subject to such stock option by (b) 0.2912, in each case by subject to the same vesting schedule, termination terms and other restrictions as such stock option was subject to immediately prior to the Effective Time.
Documents
Issuer
ADESTO TECHNOLOGIES Corp
CIK 0001395848
Entity typeother
Related Parties
1- filerCIK 0001369614
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 8:59 PM ET
- Size
- 9.4 KB