SPADE THOMAS D 4
4 · ADESTO TECHNOLOGIES Corp · Filed Feb 19, 2020
Insider Transaction Report
Form 4
SPADE THOMAS D
VP, Worldwide Sales
Transactions
- Award
Common Stock
2020-02-14+19,575→ 96,802 total - Award
Common Stock
2020-02-14+13,159→ 77,227 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 670 shares of Common Stock acquired on January 31, 2020 pursuant to the Issuer's Employee Stock Purchase Plan.