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AMBARELLA INC — Director's Dealing 2014
Mar 7, 2014
31250_dirs_2014-03-07_a679cd2a-b150-4b6e-98ce-72580c5c10d6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AMBARELLA INC (AMBA)
CIK: 0001280263
Period of Report: 2014-03-05
Reporting Person: Wang Feng-Ming (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-05 | Restricted Stock Units | $ | A | 36000 | Acquired | Ordinary Shares (36000) | Direct |
Footnotes
F1: The RSUs convert into the Issuer's Ordinary Shares on a one-for-one basis.
F2: On August 27, 2013 the reporting person was granted RSUs convertible into between 0 - 36,000 Ordinary Shares based on Issuer's determination of the satisfaction of certain performance goals for the fiscal year ended January 31, 2014, which RSUs would then become eligible for time-based vesting. The performance criteria achieved resulted in the grant of RSUs for 36,000 Ordinary Shares to the reporting person.
F3: The RSUs vest as to 1/8 of the RSUs on June 15, 2014 and 1/8 of the RSU's will vest each three months thereafter such that the RSUs are 100% vested on March 15, 2016.