3: Initial statement of beneficial ownership of securities
Published on February 23, 2021
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
| 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. | |||
| 1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Option (Right to Buy) | (2) | 04/24/2027 | Common Stock | 10,000 | $ 15.2 | D | |
| Stock Option (Right to Buy) | (3) | 01/18/2028 | Common Stock | 3,542 | $ 10.94 | D | |
| Stock Option (Right to Buy) | (4) | 01/15/2029 | Common Stock | 9,063 | $ 11.46 | D | |
| Stock Option (Right to Buy) | (5) | 01/15/2030 | Common Stock | 30,000 | $ 10.3 | D | |
| Stock Option (Right to Buy) | (6) | 01/31/2031 | Common Stock | 12,000 | $ 23.91 | D | |
Reporting Owners
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Sbahi Morad C/O AIRGAIN, INC. SUITE 150 SAN DIEGO, CA 92130 |
SVP, Global Prod. & Marketing | |||
Signatures
| /s/ Morad Sbahi | 02/23/2021 | |
| **Signature of Reporting Person | Date |
Explanation of Responses:
| * | If the form is filed by more than one reporting person, see Instruction 5(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) | Represents restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs shall vest in substantially equal installments on each of the March 1, 2022; March 1, 2023; March 1, 2024; and March 1, 2025, subject to the Reporting Person's continued service to the Issuer through each such vesting date. The RSUs may accelerate under certain conditions pursuant to the reporting person's employment agreement. |
| (2) | The option is exercisable as it vests. 25% of the shares subject to the option vested on April 25, 2018, and 1/48th of the total number of shares subject to the option vest monthly thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date. The option may accelerate under certain conditions pursuant to the Reporting Person's employment agreement. |
| (3) | The option is exercisable as it vests. 25% of the shares subject to the option vested on January 19, 2019, and 1/48th of the total number of shares subject to the option vest monthly thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date. |
| (4) | The option is exercisable as it vests. 25% of the shares subject to the option vested on January 16, 2020, and 1/48th of the total number of shares subject to the option vest monthly thereafter, subject to the Reporting Person's continued employment or service with the Issuer through each such vesting date. |
| (5) | The option is exercisable as it vests. 25% of the shares subject to the option vested on January 16, 2021, and 1/48th of the total number of shares subject to the option vest monthly thereafter, subject to the Reporting Person's continued employment or service with the Issuer through each such vesting date. |
| (6) | The option is exercisable as it vests. 25% of the shares subject to the option vest on February 1, 2022, and 1/48th of the total number of shares subject to the option vest monthly thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date. The option may accelerate under certain conditions pursuant to the Reporting Person's employment agreement. |