Yuen Wupen - Jul 1, 2021 Form 4 Insider Report for NEOPHOTONICS CORP (NPTN)

Role
VICE PRESIDENT GLOBAL PRODUCT
Signature
By: /s/ Barbara Rogan, Attorney-in-fact For: Wupen Yuen
Stock symbol
NPTN
Transactions as of
Jul 1, 2021
Transactions value $
-$70,561
Form type
4
Date filed
7/2/2021, 05:16 PM
Previous filing
Jun 8, 2021
Next filing
Jul 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NPTN Common Stock Options Exercise $0 +9.75K +4.3% $0.00 237K Jul 1, 2021 Direct
transaction NPTN Common Stock Disposed to Issuer -$37.7K -3.69K -1.56% $10.21 233K Jul 1, 2021 Direct F1
transaction NPTN Common Stock Options Exercise $0 +6.5K +2.79% $0.00 239K Jul 1, 2021 Direct
transaction NPTN Common Stock Disposed to Issuer -$32.9K -3.22K -1.35% $10.21 236K Jul 1, 2021 Direct F1

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 -9.75K -30% $0.00 22.8K Jul 1, 2021 Common Stock 9.75K $0.00 Direct F2, F3
transaction NPTN Restricted Stock Units (right to acquire) Options Exercise $0 -6.5K -28.57% $0.00 16.3K Jul 1, 2021 Common Stock 6.5K $0.00 Direct F2, F3
* 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 Each restricted stock unit represents a contingent right to receive one share of NeoPhotonics common stock.
F3 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.