Ambarella
AMBARELLA INC (Form: 4, Received: 09/20/2017 16:20:42)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Wang Feng-Ming
2. Issuer Name and Ticker or Trading Symbol

AMBARELLA INC [ AMBA ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CEO
(Last)          (First)          (Middle)

3101 JAY STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

9/18/2017
(Street)

SANTA CLARA, CA 95054
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares   9/18/2017     M    15430   A   (1) 294717   (2) D    
Ordinary Shares   9/18/2017     S (3)    11629   D $46.5   283088   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units     (1) 9/18/2017     M         4930      (4) 3/15/2019   (4) Ordinary Shares   4930   $0.0   29578   D    
Restricted Stock Units     (1) 9/18/2017     M         5250      (5) 8/27/2023   (5) Ordinary Shares   5250   $0.0   0   D    
Restricted Stock Units     (1) 9/18/2017     M         5250      (6) 9/7/2024   (6) Ordinary Shares   5250   $0.0   21000   D    

Explanation of Responses:
(1)  Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
(2)  Includes 224 shares acquired under the Company's employee stock purchase plan on September 15, 2017.
(3)  Shares sold to pay tax obligations resulting from the vesting of restricted stock awards and restricted stock units.
(4)  The RSUs vest as to 1/8 of the RSUs on June 15, 2017 and 1/8 of the RSUs will vest each three months thereafter such that the RSUs are 100% vested on March 15, 2019.
(5)  The restricted stock units vest at the rate of 1/16 per quarter commencing on September 15, 2013.
(6)  The restricted stock units vest at the rate of 1/16 per quarter commencing on September 15, 2014.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Wang Feng-Ming
3101 JAY STREET
SANTA CLARA, CA 95054
X
CEO

Signatures
By: /s/ Michael Morehead, Attorney in Fact For: Feng-Ming Wang 9/20/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.