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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (1) | 05/10/2016 | A | 15,000 | (2) | 05/10/2019 | Common Stock | 15,000 | $ 0 | 15,000 | D | ||||
Employee Stock Option (Right to buy) | $ 4.72 | 05/10/2016 | A | 60,000 | (3) | 05/10/2026 | Common Stock | 60,000 | $ 0 | 60,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Schuett Erich 2901 PATRICK HENRY DRIVE SANTA CLARA, CA 95054 |
VP, Worldwide Sales |
/s/ Marsha Larsen, attorney-in-fact for Erich Schuett | 05/10/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock. |
(2) | Pursuant to the Issuer's 2016 Inducement Equity Incentive Plan (the "Inducement Plan") the Reporting Person was granted 15,000 restricted stock units. 5,000 shares will vest on May 10, 2017 and on each one year anniversary thereafter. |
(3) | Pursuant to the Inducement Plan the Reporting Person was granted an option to buy 60,000 shares of Common Stock. 1/3 of such shares will vest on May 10, 2017 and on each one year anniversary thereafter. |