EVERSPIN TECHNOLOGIES INC. — Director's Dealing 2016

Oct 8, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: EVERSPIN TECHNOLOGIES INC (MRAM)
CIK: 0001438423
Period of Report: 2016-10-07

Reporting Person: TATE GEOFFREY (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32360	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Nonqualified Stock Option (Right to Buy)	$4.42	2024-05-12	Common Stock (4153)		Direct
Nonqualified Stock Option (Right to Buy)	$4.42	2024-05-12	Common Stock (1923)		Direct
Nonqualified Stock Option (Right to Buy)	$4.42	2019-08-18	Common Stock (3846)		Direct
Nonqualified Stock Option (Right to Buy)	$4.42	2021-01-24	Common Stock (961)		Direct
Nonqualified Stock Option (Right to Buy)	$15.86	2026-07-11	Common Stock (16250)		Direct
Series A Preferred Stock	$		Common Stock (22383)		Indirect
Series B Preferred Stock	$		Common Stock (12071)		Indirect
5% Convertible Subordinated Promissory Note	$		Common Stock ()		Indirect
5% Convertible Subordinated Promissory Note	$		Common Stock ()		Indirect

Footnotes

F1: Shares held by the Tate Family Trust Dated 09/30/98, of which Mr. Tate is a trustee.

F2: 1/48th of the shares subject to the option shall vest in successive equal monthly installments measured from August 20, 2013.

F3: 1/48th of the shares subject to the option shall vest in successive equal monthly installments measured from August 18, 2009.

F4: 1/48th of the shares subject to the option shall vest in successive equal monthly installments measured from January 21, 2011.

F5: 1/12th of the shares subject to the option shall vest in successive equal monthly installments measured from May 9, 2016.

F6: The reported securities are convertible at any time on a one-for-one basis, in whole or in part, at the option of the holder,have no expiration date, and will convert into shares of common stock immediately prior to the closing of the Issuer's initial public offering.

F7: The note was issued in the original principal amount of $82,884. The outstanding principal and accrued interest on such note will automatically convert into shares of common stock of the Issuer immediately prior to the closing of the Issuer's initial public offering at a conversion rate equal to 80% of the initial public offering price. The note bears interest at a rate of 5% per annum. The note has accrued interest of $2,849.85 to date and will continue to accrue interest until conversion. The note has no expiration date.

F8: The note was issued in the original principal amount of $58,018.72. The outstanding principal and accrued interest on such note will automatically convert into shares of common stock, par value $0.0001 per share, of the Issuer immediately prior to the closing of the Issuer's initial public offering at a conversion rate equal to 80% of the initial public offering price. The note bears interest at a rate of 5% per annum. The note has accrued interest of $524.55 to date and will continue to accrue interest until conversion. The note has no expiration date.