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Filing Details

Accession Number:
0001209191-16-146045
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-10-17 16:26:49
Reporting Period:
2016-10-13
Filing Date:
2016-10-17
Accepted Time:
2016-10-17 16:26:49
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1438423 Everspin Technologies Inc MRAM Semiconductors & Related Devices (3674) 262640654
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1683771 Peter Hebert C/o Lux Capital Management
295 Madison Avenue, 24Th Floor
New York NY 10017
Yes No 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 2016-10-13 219,916 $0.00 537,859 No 4 C Indirect See Footnote
Common Stock Acquisiton 2016-10-13 118,606 $0.00 656,465 No 4 C Indirect See Footnote
Common Stock Acquisiton 2016-10-13 131,719 $6.40 788,184 No 4 C Indirect See Footnote
Common Stock Acquisiton 2016-10-13 89,946 $6.40 878,130 No 4 C Indirect See Footnote
Common Stock Acquisiton 2016-10-13 137,420 $8.00 1,015,550 No 4 P Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect See Footnote
No 4 C Indirect See Footnote
No 4 C Indirect See Footnote
No 4 C Indirect See Footnote
No 4 P Indirect See Footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Series A Preferred Stock Disposition 2016-10-13 219,916 $0.00 219,916 $0.00
Common Stock Series B Preferred Stock Disposition 2016-10-13 118,606 $0.00 118,606 $0.00
Common Stock 5% Convertible Subordinated Promissory Note Disposition 2016-10-13 0 $0.00 131,719 $6.40
Common Stock 5% Convertible Subordinated Promissory Note Disposition 2016-10-13 0 $0.00 89,946 $6.40
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 C Indirect
0 No 4 C Indirect
0 No 4 C Indirect
0 No 4 C Indirect
Footnotes
  1. The reported securities converted into shares of the Issuer's common stock on a one-for-one basis immediately prior to the closing of the Issuer's initial public offering and had no expiration date.
  2. The shares are held as follows: 516,212 by Lux Ventures II, L.P. ("LVII") and 21,647 by Lux Ventures II Sidecar, L.P. ("Sidecar").
  3. Lux Venture Partners II, L.P. ("LVPII") is the general partner of LVII and Sidecar. Lux Venture Associates II, LLC ("LVAII") is the general partner of LVPII and Lux Capital Management, LLC ("LCM LLC") is the sole member of LVAII.Mr. Hebert is an individual manager of LCM LLC.
  4. LCM LLC, as sole member of LVAII, may be deemed to share voting and investment powers for the shares held by LVII and Sidecar. Mr. Hebert disclaims beneficial ownership over the shares reported herein, and this report shall not be deemed an admission of beneficial ownership for the purposes of Section 16 or for any other purpose, except to the extent of his proportionate pecuniary interest therein.
  5. The shares are held as follows: 630,045 by LV II and 26,420 by Sidecar.
  6. The shares are held as follows: 756,463 by LV II and 31,721 by Sidecar.
  7. The shares are held as follows: 842,789 by LV II and 35,341 by Sidecar.
  8. The shares are held as follows: 974,678 by LV II and 40,872 by Sidecar.
  9. The shares were held as follows: 211,065 by LV II and 8,851 by Sidecar.
  10. The shares were held as follows: 113,833 by LV II and 4,773 by Sidecar.
  11. The notes were issued in the original principal amount of $781,563.56 to LVII and $32,775.44 to Sidecar. The outstanding principal and accrued interest on such notes automatically converted 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 notes bore interest at a rate of 5% per annum. The notes had accrued interest of $27,515.32 for LVII and $1,153.88 for Sidecar through October 12, 2016.
  12. The notes were issued in the original principal amount of $547,094.52 to LVII and $22,943.00 to Sidecar. The outstanding principal and accrued interest on such notes automatically converted 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 notes bore interest at a rate of 5% per annum. The notes had accrued interest of $5,396.00 for LVII and $226.29 for Sidecar through October 12, 2016.