Laplante George 4
4 · AMBARELLA INC · Filed Feb 28, 2018
Insider Transaction Report
Form 4
AMBARELLA INCAMBA
Laplante George
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2018-02-26+9,019→ 9,019 total→ Ordinary Shares (9,019 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
- [F2]On March 28, 2017, reporting person was granted an award of RSUs covering a target of 9,019 ordinary shares (the "Target RSU Number"), subject to satisfaction of predetermined, performance-based vesting criteria that could result in 0% to 150% of the Target RSU Number becoming eligible to vest, subject to certain adjustments as described below. On February 26, 2018, the Company's Board of Directors determined that the performance criteria for the RSUs had been satisfied at a level that resulted in 100% of the Target RSU Number becoming eligible for time-based vesting. Pursuant to the time-based vesting requirements, 100% of this portion of the award is scheduled to vest on March 15, 2020, subject to continued service requirements. In addition, the number of shares subject to the RSUs eligible to vest on March 15, 2020 may be increased or decreased by 25% or may remain the same, based on attainment of specified levels of the Company's total stockholder return.