Timothy Storrs Jenks - 01 Jul 2021 Form 4 Insider Report for NEOPHOTONICS CORP

Role: CEO, Director
Signature: By: /s/ Barbara Rogan, Attorney-in-fact For: Timothy S. Jenks
Issuer symbol: N/A
Transactions as of: 01 Jul 2021
Net transactions value: -$164,534
Form type: 4
Filing time: 02 Jul 2021, 17:04:58 UTC
Previous filing: 08 Jun 2021
Next filing: 22 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NPTN	Common Stock	Options Exercise	$0	+19,500	+3.6%	$0.000000	562,228	01 Jul 2021	Direct
transaction	NPTN	Common Stock	Disposed to Issuer	$98,720	-9,669	-1.7%	$10.21	552,559	01 Jul 2021	Direct	F1
transaction	NPTN	Common Stock	Options Exercise	$0	+13,000	+2.4%	$0.000000	565,559	01 Jul 2021	Direct
transaction	NPTN	Common Stock	Disposed to Issuer	$65,814	-6,446	-1.1%	$10.21	559,113	01 Jul 2021	Direct	F1
holding	NPTN	Common Stock						3,076	01 Jul 2021	As Trustee
holding	NPTN	Common Stock						3,200	01 Jul 2021	Trustee-Family Trust
holding	NPTN	Common Stock						3,798	01 Jul 2021	by Trust	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NPTN	Restricted Stock Units (right to acquire)	Options Exercise	$0	-19,500	-30%	$0.000000	45,500	01 Jul 2021	Common Stock	19,500	$0.000000	Direct	F3, F4
transaction	NPTN	Restricted Stock Units (right to acquire)	Options Exercise	$0	-13,000	-29%	$0.000000	32,500	01 Jul 2021	Common Stock	13,000	$0.000000	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the reporting person.
F2	Represents shares held by Timothy S. Jenks and Atsuko K. Jenks Declaration of Trust dated January 7, 1996.
F3	Each restricted stock unit represents a contingent right to receive one share of NeoPhotonics common stock.
F4	These restricted stock units are scheduled to vest 25% of the underlying shares on July 1, 2019, 25% on July 1, 2020, 25% on July 1, 2021 and 25% on July 1, 2022, so long as the person remains an employee of or consultant to the Company or its qualifying subsidiaries and additionally subject to achievement of the performance conditions described in the next sentence. In addition to the foregoing time-based vesting conditions, these restricted stock units will vest if the 30-day weighted average closing price of the Company's common stock is equal to or greater than certain price targets per share (30% of the shares upon a $10 price target, 30% upon an $11 price target and 40% upon a $12 price target). Both the time-based vesting and the performance condition must be met for vesting of the applicable shares. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.