Filing Details

Accession Number:
0001209191-15-044719
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-05-19 21:16:17
Reporting Period:
2015-05-15
Filing Date:
2015-05-19
Accepted Time:
2015-05-19 21:16:17
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1294924 Invensense Inc INVN Semiconductors & Related Devices (3674) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1475839 L. Behrooz Abdi C/O Invensense Inc.
1745 Technology Drive
San Jose CA 95110
Ceo And President 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
Common Stock Acquisiton 2015-05-15 50,000 $0.00 298,232 No 4 A Direct
Common Stock Acquisiton 2015-05-15 15,000 $0.00 313,232 No 4 M Direct
Common Stock Disposition 2015-05-18 7,242 $14.46 305,990 No 4 S Direct
Common Stock Disposition 2015-05-18 19 $14.57 305,971 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (right to buy) Acquisiton 2015-05-15 350,000 $0.00 350,000 $14.57
Common Stock Restricted Stock Unit (RSU) Disposition 2015-05-15 15,000 $0.00 15,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
350,000 2025-05-15 No 4 A Direct
45,000 No 4 M Direct
Footnotes
  1. Represents a grant of unvested restricted stock. 25% of the award will vest and become subject to release from restrictions annually over the next four years beginning May 15, 2016.
  2. Each Restricted Stock Unit ("RSU") represents a contingent right to receive at settlement one share of Invensense common stock at no cost.
  3. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 Sales Plan adopted by the reporting person on December 8, 2014.
  4. In connection with the vesting and delivery of restricted stock units, shares were sold and the net proceeds were used to pay required withholding taxes.
  5. The option vests monthly over 4 years following the vesting commencement date of May 15, 2015, at the rate of 1/48 per month.
  6. Subject to the Reporting Person's continuing employment and the provisions in Invensense's standard form of RSU award agreement, 25% of the shares will vest one year from the Grant Date, 25% of the shares will vest on 8/15/15, 25% of the shares will vest on 11/15/15 and 25% of the shares will vest on 2/15/16. Shares will be delivered to the reporting person on each vest date.