Barry Dermot 4
4 · ADESTO TECHNOLOGIES Corp · Filed Feb 19, 2020
Insider Transaction Report
Form 4
Barry Dermot
VP& GM, ASIC & IP Division
Transactions
- Award
Common Stock
2020-02-14+17,448→ 55,463 total - Award
Common Stock
2020-02-14+5,939→ 61,402 total
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, 2020, 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 July 31, 2021 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]Includes 2,408 shares of Common Stock acquired on January 31, 2020 pursuant to the Issuer's Employee Stock Purchase Plan. These shares were not reflected in the Reporting Person's total holdings in Form 4 filed by the Reporting Person on February 10, 2020.