AMBARELLA INC 4
4 · AMBARELLA INC · Filed Sep 17, 2014
Insider Transaction Report
Form 4
AMBARELLA INCAMBA
LeGall Didier
Executive Vice President
Transactions
- Exercise/Conversion
Ordinary Shares
2014-09-16+841→ 57,958 total - Sale
Ordinary Shares
2014-09-16$33.66/sh−578$19,455→ 57,380 total - Exercise/Conversion
Restricted Stock Units
2014-09-16−278→ 2,223 totalExp: 2022-08-27→ Ordinary Shares (278 underlying) - Exercise/Conversion
Restricted Stock Units
2014-09-16−563→ 3,375 totalExp: 2023-08-26→ Ordinary Shares (563 underlying)
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
- [F2]Includes 375 shares acquired under the Company's employee stock purchase plan on September 15, 2014.
- [F3]Shares sold to pay tax obligations resulting from the vesting of restricted stock units.
- [F4]The restricted stock units vest at the rate of 1/16 per quarter beginning on September 15, 2012.
- [F5]On August 27, 2013 the reporting person was granted RSUs convertible into 4,500 Ordinary Shares based on Issuer's determination of the satisfaction of certain performance goals for the fiscal year ended January 31, 2014. The performance criteria were achieved, and the RSUs become eligible for time-based vesting commencing on March 15, 2014.
- [F6]The RSUs vested as to 1/8 of the RSUs on June 15, 2014 and 1/8 of the RSU's will vest each three months thereafter such that the RSUs are 100% vested on March 15, 2016.