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AMBARELLA INC — Director's Dealing 2019
Mar 11, 2019
31250_dirs_2019-03-11_4d0a0504-dbd8-4bc1-96f9-26a66e8c0ee9.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: 2019-03-07
Reporting Person: Chen Yun-Lung (VP, Business Development)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-03-08 | Ordinary Shares | M | 2037 | $3.2 | Acquired | 27511 | Direct |
| 2019-03-08 | Ordinary Shares | S | 6320 | $41.2755 | Disposed | 21191 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-03-08 | Non-Qualified Stock Option (right to buy) | $3.2 | M | 2037 | Disposed | 2019-07-08 | Ordinary Shares (2037) | Direct |
| 2019-03-07 | Performance Stock Units | $ | A | 8492 | Acquired | 2022-03-15 | Ordinary Shares (8492) | Direct |
| 2019-03-07 | Restricted Stock Units | $ | A | 8492 | Acquired | 2022-03-15 | Ordinary Shares (8492) | Direct |
Footnotes
F1: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $41.1150 to $41.4000 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
F2: Shares subject to the option vest monthly over four years beginning on August 1, 2009.
F3: Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
F4: Reporting person was granted an award of performance-based RSUs covering a target of 8,492 ordinary shares (the "Target RSU Number"). Pursuant to time-based vesting requirements, 100% of this award is scheduled to vest on March 15, 2022, subject to continued service requirements through such date. In addition, the number of shares subject to the RSUs may be increased or decreased by up to 100% of the Target RSU Number or may remain the same, based on attainment of specified levels of the Company's total stockholder return over the period of February 1, 2019 through January 31, 2022.
F5: The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2019.