Filing Details
- Accession Number:
- 0001280263-20-000021
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-03-19 17:45:30
- Reporting Period:
- 2020-03-17
- Accepted Time:
- 2020-03-19 17:45:30
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1280263 | Ambarella Inc | AMBA | Semiconductors & Related Devices (3674) | 980459628 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1558685 | Christopher Day | 3101 Jay Street Santa Clara CA 95054 | Vp, Marketing | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Acquisiton | 2020-03-17 | 4,698 | $0.00 | 9,922 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2020-03-17 | 2,113 | $38.99 | 7,809 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Restricted Stock Units | Disposition | 2020-03-17 | 3,758 | $0.00 | 3,758 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2020-03-17 | 1,211 | $0.00 | 1,211 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2020-03-17 | 668 | $0.00 | 668 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2020-03-15 | No | 4 | M | Direct | |
| 6,056 | 2021-06-15 | No | 4 | M | Direct | |
| 5,341 | 2022-03-15 | No | 4 | M | Direct |
Footnotes
- Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
- Includes 193 shares acquired under the Company's employee stock purchase plan on March 16, 2020.
- Shares sold to pay tax obligations resulting from the vesting of restricted stock units.
- On March 28, 2017, reporting person was granted an RSU award covering a target of 3,758 ordinary shares (the "Target RSU Number"), subject to satisfaction of predetermined, performance-based vesting criteria that could result in 0% - 150% of the Target RSU Number becoming eligible to vest, subject to certain adjustments. On February 26, 2018, the Company's Board of Directors determined the performance criteria for the RSUs had been satisfied at a level that resulted in 100% of the Target RSU Number becoming eligible for time-based vesting. Pursuant to time-based vesting requirements, 100% of the award would vest on March 15, 2020, subject to possible adjustment based on a total stockholder return ("TSR") performance metric covering the period of February 1, 2017 to January 31, 2020 (the "TSR Period"). As a result of the Company's TSR performance over the TSR Period, the RSUs eligible to vest were reduced by 25%. A total of 2,819 ordinary shares were delivered to reporting person.
- The restricted stock units vest at the rate of 1/12 per quarter commencing on June 15, 2018.
- The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2019.
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