Howse Michael Form 3 Summit Semiconductor / Michael Howse ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL 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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1. Name and Address of Reporting Person^*

Howse Michael

(Last) (First) (Middle)

C/O SUMMIT SEMICONDUCTOR, INC.

6840 VIA DEL ORO STE. 280

(Street)

SAN JOSE CA 95119

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/27/2018

3. Issuer Name and Ticker or Trading Symbol
Summit Semiconductor Inc. [ WISA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant (Right to Buy)	(1)	04/06/2023	Common Stock	110,000(1)	2	D
Warrant (Right to Buy)	(2)	04/06/2023	Common Stock	165,000(2)	2	D

Explanation of Responses:

1. Includes warrants to purchase 36,667 shares of common stock that are fully vested as well as warrants to purchase 73,333 shares of common stock which vest in equal monthly installments over the next 6 months. Such warrants have a five-year life.

2. The amount reported represents an unvested warrant to purchase 165,000 shares of common stock that will vest upon the achievement of certain milestones and has a five-year life.

	/s/ Michael Howse	07/30/2018
	** 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 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).
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