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*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 01/14/2020 | 3. Issuer Name and Ticker or Trading Symbol Sonos Inc [ SONO ] | |||||||||||||
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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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) | |||||||
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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 | ||||
Employee Stock Option (right to buy) | (1) | 07/31/2024 | Common Stock | 45,830 | 11.275 | D | |
Employee Stock Option (right to buy) | (1) | 08/11/2025 | Common Stock | 14,628 | 13.56 | D | |
Employee Stock Option (right to buy) | (1) | 11/05/2025 | Common Stock | 5,078 | 13.56 | D | |
Employee Stock Option (right to buy) | (2) | 07/06/2026 | Common Stock | 108,918 | 13.56 | D | |
Employee Stock Option (right to buy) | (3) | 09/07/2026 | Common Stock | 152,326 | 13.56 | D | |
Employee Stock Option (right to buy) | (4) | 05/21/2027 | Common Stock | 40,000 | 13.56 | D | |
Employee Stock Option (right to buy) | (5) | 05/24/2028 | Common Stock | 42,000 | 15.05 | D | |
Employee Stock Option (right to buy) | (6) | 07/31/2028 | Common Stock | 31,000 | 15 | D | |
Restricted Stock Units | (8) | (8) | Common Stock | 100,626 | (7) | D | |
Restricted Stock Units | (9) | (9) | Common Stock | 79,320 | (7) | D |
Explanation of Responses: |
1. The stock option is fully vested and immediately exercisable. |
2. The stock option vested and became exercisable, and shall continue to vest and become exercisable, in 48 equal monthly installments beginning on May 1, 2016, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. |
3. The stock option vested and became exercisable, and shall continue to vest and become exercisable, in 48 equal monthly installments beginning on October 8, 2016, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. |
4. The stock option vested and became exercisable, and shall continue to vest and become exercisable, in 48 equal monthly installments beginning on May 1, 2017, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. |
5. The stock option vested and became exercisable, and shall continue to vest and become exercisable, in 48 equal monthly installments beginning on May 1, 2018, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. |
6. 25% of the option vested and became exercisable on August 1, 2019, and thereafter will vest in equal quarterly installments over three years, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. |
7. Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration. |
8. 1/16 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the vesting commencement date of February 15, 2019, 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. |
9. 1/16 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the vesting commencement date of May 15, 2019, 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. |
Remarks: |
/s/ Nanette Agustines, by power of attorney | 01/24/2020 | |
** 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). | ||
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 Number. |