Filing Details

Accession Number:
0001227025-21-000014
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-01-26 19:49:59
Reporting Period:
2021-01-22
Accepted Time:
2021-01-26 19:49:59
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1227025 Neophotonics Corp NPTN Semiconductors & Related Devices (3674) 943253730
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1489294 Chiyue Cheung 3081 Zanker Rd
San Jose CA 95134
Chief Operating Officer 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
Common Stock Acquisiton 2021-01-22 19,500 $11.82 19,500 No 4 M Direct
Common Stock Disposition 2021-01-26 19,500 $11.82 0 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
Common Stock Restricted Stock Units (right to acquire) Disposition 2021-01-22 19,500 $11.82 19,500 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
45,500 2025-07-01 No 4 M Direct
Footnotes
  1. In accordance with the State Administration of Foreign Exchange in China, shares acquired by Chinese national employees through an award granted under the Company's 2010 EIP Plan are subject to immediate sale.
  2. Each restricted stock unit represents a contingent right to receive one share of NeoPhotonics common stock.
  3. These restricted stock units are scheduled to vest 25% of the underlying shares on July 1, 2019, 25% on July 1, 2020, 25% on July 1, 2021 and 25% on July 1, 2022, so long as the person remains an employee of or consultant to the Company or its qualifying subsidiaries and additionally subject to achievement of the performance conditions described in the next sentence. In addition to the foregoing time-based vesting conditions, these restricted stock units will vest if the 30-day weighted average closing price of the Company's common stock is equal to or greater than certain price targets per share (30% of the shares upon a $10 price target, 30% upon an $11 price target and 40% upon a $12 price target). Both the time-based vesting and the performance condition must be met for vesting of the applicable shares. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.