Matthew P. Bruening - Jan 25, 2022 Form 4 Insider Report for A10 Networks, Inc. (ATEN)

Role
EVP, Worldwide Sales & Mktg
Signature
/s/ Robert Cochran, Attorney-in-fact
Stock symbol
ATEN
Transactions as of
Jan 25, 2022
Transactions value $
$0
Form type
4
Date filed
1/27/2022, 03:55 PM
Previous filing
Nov 3, 2021
Next filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEN Common Stock Award $0 +15.7K +9.51% $0.00 180K Jan 25, 2022 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 ATEN Performance-based Restricted Stock Units Award $0 +36.5K $0.00 36.5K Jan 25, 2022 Common Stock 36.5K $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 Each share is represented by a Restricted Stock Unit ("RSU"). One-third (1/3) of the total RSUs will vest on each of the first three (3) anniversaries of February 2, 2022, provided that the Reporting Person continues to serve through each vesting date.
F2 Each share is represented by a Performance-based Restricted Stock Unit ("PSU")
F3 Grant of 36,534 Performance-Based Restricted Stock Units, each of which represents a contingent right to receive one share of common stock of ATEN, with vesting subject to the 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 January 25, 2022 and January 25, 2026 (each, a "Performance Milestone"). Upon achievement of a Performance Milestone, vesting is subject to continued employment with the Company through the applicable vesting date, which occurs in three equal installments with the first vesting to occur within thirty (30) days of achievement of the respective Performance Milestone and an additional one-third (1/3) on each of the first and second anniversaries of the date of achievement of the corresponding Performance Milestone.