Form 4 for SONO Sonos Inc
Accepted 2021-11-17 00:00:00 ET · period of report 2021-11-05 · accession 0001562180-21-007124 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-11-17 | 2021-11-15 | SONO | Spence Patrick | CEO, Dir | M - OptEx | — | +45.1K | 376.5K | +14% | — |
| D | 2021-11-17 | 2021-11-15 | SONO | Spence Patrick | CEO, Dir | F - Tax | $34.52 | -22.4K | 354.1K | -6% | -$772.4K |
| D | 2021-11-17 | 2021-11-15 | SONO | Spence Patrick | CEO, Dir | M - OptEx | $0.00 | -45.1K | 394.5K | -10% | $0 |
| DM | 2021-11-17 | 2021-11-05+ | SONO | Spence Patrick | CEO, Dir | A - Grant | $0.00 | +376.4K | 439.7K | +595% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-11-15 | M | A | 45,127 | — | 376,486 | D | — | — | (F2) Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration. |
| 2 | Common | Common Stock | 2021-11-15 | F | D | 22,375 | $34.52 | 354,111 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2021-11-15 | M | D | 45,127 | $0.00 | 394,544 | D | — · — to — | 45,127 Common Stock | (F2) Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration. (F8) 1/16 of the shares subject to the RSUs will vest in equal installments on each quarterly anniversary date following the applicable vesting commencement date of until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration. |
| 4 | Derivative | Performance Share Units | 2021-11-05 | A | A | 51,244 | $0.00 | 51,244 | D | — · — to — | 51,244 Common Stock | (F4) Each Performance Share Unit ("PSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration. (F6) Each PSU represents the right to receive, following vesting, between 0% and 200% of the target award based upon achievement of pre-established one year performance goals, as determined by the Committee. The Committee determined achievement of such goals for fiscal 2021 at 190%. Such PSUs will vest on November 15, 2023, subject to the Reporting Person's continued employment. |
| 5 | Derivative | Performance Share Unit | 2021-11-05 | A | A | 250,263 | $0.00 | 250,263 | D | — · — to — | 250,263 Common Stock | (F4) Each Performance Share Unit ("PSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration. (F5) Each PSU represents the right to receive, following vesting, between 0% and 200% of the target award based upon achievement of pre-established one year performance goals, as determined by the Compensation, People, and Diversity & Inclusion Committee (the "Committee"). The Committee determined achievement of such goals for fiscal 2021 at a level of 190%. Such PSUs will vest on November 15, 2022, subject to the Reporting Person's continued employment. |
| 6 | Derivative | Restricted Stock Units | 2021-11-15 | A | A | 74,938 | $0.00 | 439,671 | D | — · — to — | 74,938 Common Stock | (F2) Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration. (F7) These RSUs will vest based on the following schedule: 6.25% of the shares subject to the RSU will vest quarterly in year 1; 12.5% of the shares subject to the RSU will vest quarterly in year 2; and 6.25% of the shares subject to the RSU will vest quarterly in year 3, in each case subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration. |