4//SEC Filing
Wahla Hassan 4
Accession 0001214659-20-008122
CIK 0001474439other
Filed
Sep 24, 8:00 PM ET
Accepted
Sep 25, 5:09 PM ET
Size
8.8 KB
Accession
0001214659-20-008122
Insider Transaction Report
Form 4
Telenav, Inc.TNAV
Wahla Hassan
VP, Bus Dev & Carrier Sales
Transactions
- Award
Restricted Stock Unit
2020-09-23+40,000→ 40,000 total→ Common Stock (40,000 underlying) - Award
Restricted Stock Unit
2020-09-23+60,000→ 60,000 total→ Common Stock (60,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of Telenav, Inc.'s common stock.
- [F2]The shares subject to the RSU award will vest in equal quarterly installments, with the first installment vesting as of December 1, 2020 and the last installment vesting as of September 1, 2023 (subject to the Reporting Person's continued service with the Issuer through such respective vesting date).
- [F3]The shares subject to the RSU award are earned based on achievement of pre-determined appreciation in the per-share price for the Issuer's common stock, measured by the average of the Issuer's closing share price as reported on Nasdaq over a respective trailing 30-trading days (a stock price hurdle, or "SPH"). Shares subject to the applicable SPH then vest in four successive quarterly installments (subject to the Reporting Person's continued service with the Issuer through such respective vesting date). To the extent an SPH is not met on or prior to October 1, 2024 (extended to October 1, 2025, in the event of an intervening change in control involving the Issuer), the unvested portion of the RSU award applicable to that SPH is cancelled.
Documents
Issuer
Telenav, Inc.
CIK 0001474439
Entity typeother
Related Parties
1- filerCIK 0001477549
Filing Metadata
- Form type
- 4
- Filed
- Sep 24, 8:00 PM ET
- Accepted
- Sep 25, 5:09 PM ET
- Size
- 8.8 KB