SEC Form 4: Radigan Kevin converted options into 1,423 shares and covered exercise/tax liability with 667 shares, increasing direct ownership by 52% to 2,218 units (tax withholding)
$UI
Radio And Television Broadcasting And Communications Equipment
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Ubiquiti Inc. [ UI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/01/2022 | ||||||||||||||||||||||||||
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4. 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 Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 07/01/2022 | M(1) | 590 | A | $0 | 2,052 | D | |||
| Common Stock | 07/01/2022 | F(2) | 277 | D | $245.79 | 1,775 | D | |||
| Common Stock | 07/01/2022 | M(1) | 381 | A | $0 | 2,156 | D | |||
| Common Stock | 07/01/2022 | F(2) | 178 | D | $245.79 | 1,978 | D | |||
| Common Stock | 07/01/2022 | M(1) | 292 | A | $0 | 2,270 | D | |||
| Common Stock | 07/01/2022 | F(2) | 137 | D | $245.79 | 2,133 | D | |||
| Common Stock | 07/01/2022 | M(1) | 160 | A | $0 | 2,293 | D | |||
| Common Stock | 07/01/2022 | F(2) | 75 | D | $245.79 | 2,218 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Unit | (3) | 07/01/2022 | M | 590 | (4) | (4) | Common Stock | 590 | $0 | 0 | D | ||||
| Restricted Stock Unit | (3) | 07/01/2022 | M | 381 | (5) | (5) | Common Stock | 381 | $0 | 381 | D | ||||
| Restricted Stock Unit | (3) | 07/01/2022 | M | 292 | (6) | (6) | Common Stock | 292 | $0 | 584 | D | ||||
| Restricted Stock Unit | (3) | 07/01/2022 | M | 160 | (7) | (7) | Common Stock | 160 | $0 | 479 | D | ||||
| Explanation of Responses: |
| 1. Shares acquired as a result of vesting of restricted stock units ("RSU") reported on Table II. |
| 2. Represents shares withheld to satisfy tax obligations arising out of vesting of RSUs and does not represent a sale by the reporting person. |
| 3. Each RSU represents a contingent right to receive one share of Ubiquiti Inc. common stock. |
| 4. 590 RSUs vested on July 1, 2022. Vested units were delivered to the reporting person on the vesting date. |
| 5. The RSUs will vest as follows: 381 RSUs will vest on July 1, 2023. Vested units will be delivered to the reporting person on the vesting date. |
| 6. The RSUs will vest as follows: 292 RSUs will vest on July 1, 2023; and the remaining 292 RSUs will vest on July 1, 2024. Vested units will be delivered to the reporting person on each vesting date. |
| 7. The RSUs will vest as follows: 160 RSUs will vest on July 1, 2023; 160 RSUs will vest on July 1, 2024; and the remaining 159 RSUs will vest on July 1, 2025. Vested units will be delivered to the reporting person on each vesting date. |
| /s/ Yi Qian Song, Attorney-in-Fact | 07/05/2022 | |
| ** 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 4 (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. | ||