Robert D. Cochran - Aug 2, 2021 Form 4 Insider Report for A10 Networks, Inc. (ATEN)

Signature
/s/ Robert D. Cochran
Stock symbol
ATEN
Transactions as of
Aug 2, 2021
Transactions value $
$0
Form type
4
Date filed
8/12/2021, 04:03 PM
Previous filing
Jun 7, 2021
Next filing
Aug 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEN Common Stock Options Exercise $0 +11.6K +4.34% $0.00 280K Aug 2, 2021 Direct F1, F2
transaction ATEN Common Stock Options Exercise $0 +20.5K +7.31% $0.00 300K Aug 10, 2021 Direct F2, F3
transaction ATEN Common Stock Sale $0 -1.35K -0.45% $0.00 299K Aug 10, 2021 Direct F2, F4

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 ATEN Performance-based Restricted Stock Units Options Exercise $0 -11.6K -33.33% $0.00 23.3K Aug 9, 2021 Common Stock 11.6K Direct F1
transaction ATEN Performance-based Restricted Stock Units Options Exercise $0 -20.5K -100% $0.00* 0 Aug 10, 2021 Common Stock 20.5K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance-Based Restricted Stock Units were previously reported on February 4, 2021, each of which represents a contingent right to receive one share of common stock of ATEN, with vesting subject tothe achievement of specified levels of the volume weighted average closing prices of a share of ATEN common stock during any one hundred (100) day trading period between February 2, 2021 and February 2,2025. The achievement of the first milestone occurred on July 30, 2021, as certified by the compensation committee August 2, 2021, resulting in 11,643 units meeting the appropriate performance-basedconditions. However, these shares remain subject to time-based vesting conditions and will therefore vest as to one-third (1/3) on August 9, 2021 and an additional one-third (1/3) on each of the first and secondanniversaries of July 30, 2021, subject to continued employment. These shares are reflected on Table I.
F2 Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.
F3 Performance-Based Restricted Stock Units were previously reported on July 7, 2020, each of which represents a contingent right to receive one share of common stock of ATEN, with vesting subject tothe achievement of specified levels of the volume weighted average closing prices of a share of ATEN common stock during any one hundred (100) day trading period between July 2, 2020 and July 2,2024. The achievement of the last milestone occurred on August 5, 2021, as certified by the compensation committee on August 10, 2021, resulting in 20,246 units meeting the appropriate performance-basedconditions. However, these shares remain subject to time-based vesting conditions and will therefore vest as to one-third (1/3) on August 16, 2021 and an additional one-third (1/3) on each of the first and secondanniversaries of August 5, 2021, subject to continued employment. These shares are reflected on Table I.
F4 Represents the number of shares automatically sold, on a non-discretionary basis, to cover tax withholding obligations in connection with the vesting of restricted stock units.