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AMBARELLA INC — Director's Dealing 2022
Mar 18, 2022
31250_dirs_2022-03-18_47eb636e-43a7-4d30-abaa-9de7e2dde1bd.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: 2022-03-16
Reporting Person: Lee Chan W (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-16 | Ordinary Shares | M | 64785 | — | Acquired | 92365 | Direct |
| 2022-03-16 | Ordinary Shares | S | 31450 | $91.2 | Disposed | 60915 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-16 | Performance Stock Units | $ | M | 29670 | Disposed | 2022-03-15 | Ordinary Shares (29670) | Direct |
| 2022-03-16 | Restricted Stock Units | $ | M | 2473 | Disposed | 2022-03-15 | Ordinary Shares (2473) | Direct |
| 2022-03-16 | Restricted Stock Units | $ | M | 2238 | Disposed | 2023-03-15 | Ordinary Shares (2238) | Direct |
| 2022-03-16 | Restricted Stock Units | $ | M | 734 | Disposed | 2024-03-15 | Ordinary Shares (734) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
F2: Includes 81 shares acquired under the Company's employee stock purchase plan on March 15, 2022.
F3: Shares sold to pay tax obligations resulting from the vesting of restricted stock units.
F4: On March 7, 2019, reporting person was granted a performance-based RSU award covering a target number of ordinary shares (the "Target RSU Number"). Pursuant to time-based vesting requirements, the award would vest in full on March 15, 2022, subject to continued service requirements through such date. In addition, the number of shares subject to the award could be increased or decreased by up to 100% of the Target RSU Number, based on attainment of specified levels of the Company's total stockholder return over the period of February 1, 2019 through January 31, 2022 (the "TSR Period"). As a result of the Company's TSR performance over the TSR Period, the number of shares eligible to vest were increased by 100% of the Target RSU Number.
F5: The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2019.
F6: The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2020.
F7: The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2021.