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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Gomes Sanjiv 2050 W. 190TH STREET, SUITE 400 TORRANCE, CA 90504 |
CTO |
/s/ Sanjiv Gomes | 03/11/2021 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On December 30, 2019, the Reporting Person was granted a number of performance-vesting restricted stock shares, with the payout ranging from 0 to 200% of target based on the Company's 2020 Adjusted EBITDA achievement ("performance criteria"). Following certification by the Compensation Committee of the Issuer of the applicable payout, the Reporting Person vested 223,112 (1/2 on March 9, 2021 and 1/2 on March 10, 2021) of the shares, and because the performance criteria has been satisfied, an additional 97,170 shares (out of the total shares reported above) will vest in quarterly installments over the following 2 years provided the reporting person remains an employee of the Company through such dates. |
(2) | Represents a sale, pursuant to a Section 10b5-1 Plan, to cover tax obligations upon vesting of certain restricted shares of Common Stock on March 10, 2021. |
(3) | Represents a sale, pursuant to a Section 10b5-1 Plan, to cover tax obligations upon vesting of certain restricted shares of Common Stock on March 11, 2021. |