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Filing Details

Accession Number:: 0001209191-14-042829
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-06-20 16:24:34
Reporting Period:: 2014-06-18

Filing Date:: 2014-06-20
Accepted Time:: 2014-06-20 16:24:34
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1145986	Aspen Aerogels Inc	ASPN	Wholesale-Lumber & Other Construction Materials (5030)	043559972

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1610257	R Donald Young	C/O Aspen Aerogels, Inc. 30 Forbes Road, Building B Northborough MA 01532	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2014-06-18	2	$0.00	2	No	4	C	Direct
Common Stock	Acquisiton	2014-06-18	6	$0.00	8	No	4	C	Direct
Common Stock	Acquisiton	2014-06-18	209	$6.88	217	No	4	A	Direct
Common Stock	Acquisiton	2014-06-18	169	$6.88	386	No	4	A	Direct
Common Stock	Acquisiton	2014-06-18	99	$6.88	485	No	4	A	Direct
Common Stock	Acquisiton	2014-06-18	9,091	$11.00	9,576	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	C	Direct
No	4	A	Direct
No	4	A	Direct
No	4	A	Direct
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Preferred Stock	Disposition	2014-06-18	1,292	$0.00	2	$0.00
Common Stock	Series B Preferred Stock	Disposition	2014-06-18	155	$0.00	0	$0.00
Series C Preferred Stock	Warrant to Purchase Series C Preferred Stock (right to buy)	Disposition	2014-06-18	5,100	$0.00	5,100	$0.00
Common Stock	Series C Preferred Stock	Acquisiton	2014-06-18	5,100	$0.00	6	$0.00
Common Stock	Series C Preferred Stock	Disposition	2014-06-18	39	$0.01	0	$0.00
Common Stock	Series C Preferred Stock	Disposition	2014-06-18	5,061	$0.00	6	$0.00
Common Stock	Stock Option (right to buy)	Acquisiton	2014-06-18	26,276	$0.00	26,276	$74.23

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2009-09-10		No	4	C	Direct
0	2010-10-20		No	4	C	Direct
0	2013-05-06	2023-03-28	No	4	X	Direct
5,100	2014-06-18		No	4	X	Direct
5,061	2014-06-18		No	4	F	Direct
0	2014-06-18		No	4	C	Direct
26,276		2023-08-07	No	4	A	Direct

Footnotes

The Series A Preferred Stock automatically converted into Common Stock upon the closing of the Issuer's initial public offering pursuant to the Issuer's Restated Certificate of Incorporation, as amended, based on the conversion rate in effect at the time of conversion. The Series A Preferred Stock issued on September 10, 2009 converted to Common Stock on a 0.00158415-for-1 basis.
The Series C Preferred Stock automatically converted into Common Stock upon the closing of the Issuer's initial public offering pursuant to the Issuer's Restated Certificate of Incorporation, as amended, based on the conversion rate in effect at the time of conversion. The Series C Preferred Stock converted to Common Stock on a 0.00121250-for-1 basis.
Upon the closing of the Issuer's initial public offering on June 18, 2014, the reporting person was issued shares of common stock upon the automatic conversion of the principal amount of $1,319 plus accrued and unpaid interest on the Senior Subordinated Convertible Note issued to the reporting person on May 6, 2013, which was automatically convertible at 62.5% of the Issuer's initial public offering price pursuant to the terms of the note. The Issuer's initial public offering price was $11.00 per share, so the conversion price was $6.875 per share.
Upon the closing of the Issuer's initial public offering on June 18, 2014, the reporting person was issued shares of common stock upon the automatic conversion of the principal amount of $1,000 plus accrued and unpaid interest on the Subordinated Convertible Promissory Note issued to the reporting person on July 17, 2012, which was automatically convertible at 62.5% of the Issuer's initial public offering price pursuant to the terms of the note. The Issuer's initial public offering price was $11.00 per share, so the conversion price was $6.875 per share.
Upon the closing of the Issuer's initial public offering on June 18, 2014, the reporting person was issued shares of common stock upon the automatic conversion of the principal amount of $570 plus accrued and unpaid interest on the Subordinated Convertible Promissory Note issued to the reporting person on March 1, 2012, which was automatically convertible at 62.5% of the Issuer's initial public offering price pursuant to the terms of the note. The Issuer's initial public offering price was $11.00 per share, so the conversion price was $6.875 per share.
Reflects shares the reporting person purchased in the initial public offering at the initial public offering price of $11.00 per share.
Not applicable.
The Series B Preferred Stock automatically converted into Common Stock upon the closing of the Issuer's initial public offering pursuant to the Issuer's Restated Certificate of Incorporation, as amended, based on the conversion rate in effect at the time of conversion. The Series B Preferred Stock issued on October 20, 2010 converted to Common Stock on a 0.00179737-for-1 basis.
The reporting person's shares of Series B Preferred Stock converted into less than one share of common stock and the Issuer paid cash in lieu of the fractional share, so no shares of common stock were issued to the reporting person upon such conversion.
Immediately prior to the consummation of the Issuer's initial public offering, the warrants to purchase Series C preferred stock were automatically exercised on a cashless basis for shares of Series C preferred stock, resulting in the Issuer's withholding of 39 shares of Series C preferred stock to pay the exercise price and issuing to the reporting person the remaining 5,061 shares of Series C preferred stock. The Issuer's withholding of Series C preferred stock was at a price per share of Series C preferred stock equivalent to the initial public offering price of $11.00 per share of common stock.
The vesting of this option was subject to the consummation of the Issuer's initial public offering. Upon the consummation of the Issuer's initial public offering, 40% of the shares subject to these options, plus an additional 1.667% of the shares for each month that occurred between August 7, 2013 and the consummation of the offering vested, and 1.667% of the shares will vest in equal monthly installments each month following the consummation of this offering until August 7, 2016.