Filing Details
- Accession Number:
- 0001280263-21-000022
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-03-18 17:01:24
- Reporting Period:
- 2021-03-16
- Accepted Time:
- 2021-03-18 17:01:24
- 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 |
|---|---|---|---|---|---|---|---|
| 1558645 | Leslie Kohn | 3101 Jay Street Santa Clara CA 95054 | Chief Technology Officer | Yes | 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 | 2021-03-16 | 46,070 | $0.00 | 884,112 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2021-03-16 | 22,417 | $112.00 | 861,695 | 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 | 2021-03-16 | 41,522 | $0.00 | 41,522 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2021-03-16 | 4,037 | $0.00 | 4,037 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2021-03-16 | 2,967 | $0.00 | 2,967 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2021-03-16 | 2,734 | $0.00 | 2,734 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2021-03-15 | No | 4 | M | Direct | |
| 4,037 | 2021-06-15 | No | 4 | M | Direct | |
| 11,868 | 2022-03-15 | No | 4 | M | Direct | |
| 21,878 | 2023-03-15 | No | 4 | M | Direct |
Footnotes
- Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
- Shares sold to pay tax obligations resulting from the vesting of restricted stock units.
- On June 7, 2018, reporting person was granted an RSU award covering a target of 20,761 ordinary shares (the "Target RSU Number"), subject to satisfaction of predetermined, performance-based vesting criteria that could result in 0% to 200% of the Target RSU Number becoming eligible to vest, subject to certain adjustments. On February 28, 2019, the Company's Board of Directors determined the performance criteria had been satisfied at a level that resulted in 200% of the Target RSU Number becoming eligible for time-based vesting. Pursuant to time-based vesting requirements, the award would vest on March 15, 2021, subject to possible adjustment based on a total stockholder return ("TSR") performance metric for the period February 1, 2018 to January 31, 2021 (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% of the Target RSU Number. A total of 36,332 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.
- The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2020.
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