Barry Dermot 4
4 · ADESTO TECHNOLOGIES Corp · Filed Mar 27, 2019
Insider Transaction Report
Form 4
Barry Dermot
VP& GM, ASIC & IP Division
Transactions
- Award
Common Stock
2019-03-25+14,730→ 39,256 total - Award
Common Stock
2019-03-25+9,255→ 24,526 total - Award
Employee Stock Option (right to buy)
2019-03-25+7,551→ 7,551 totalExercise: $5.87Exp: 2029-03-25→ Common Stock (7,551 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration. The RSUs will vest in equal quarterly installments over 4 years beginning on July 1, 2019, subject to the continued service of the Reporting Person through each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- [F2]Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration. Subject to the achievement of certain market-based performance metrics, 25% of the PSUs will vest every six months beginning September 15, 2020 until the earned PSUs have vested, subject to the continued service of the Reporting Person through each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- [F3]The stock option will vest in equal quarterly installments over 4 years beginning on July 1, 2019, subject to the continued service of the Reporting Person through each vesting date.