Statement of Changes in Beneficial Ownership (4)
January 20 2021 - 5:17PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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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1. Name and Address of Reporting Person
*
Spence Patrick |
2. Issuer Name and Ticker or Trading Symbol
Sonos Inc
[
SONO
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer |
(Last)
(First)
(Middle)
C/O SONOS, INC., 614 CHAPALA STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/15/2021 |
(Street)
SANTA BARBARA, CA 93101
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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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)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 1/15/2021 | | M(1) | | 98844.00 | A | $4.375 | 227520.00 | D | |
Common Stock | 1/15/2021 | | S(1) | | 13797.00 | D | $26.3563 (2) | 213723.00 | D | |
Common Stock | 1/15/2021 | | S(1) | | 51440.00 | D | $25.8558 (3) | 162283.00 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 |
Employee Stock Option (right to buy) | $4.375 | 1/15/2021 | | M (1) | | | 98844.00 | (4) | 10/11/2022 | Common Stock | 98844.00 | $0.00 | 593064.00 | D | |
Explanation of Responses: |
(1) | The reported transactions were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person. |
(2) | Represents the weighted average sales price per share. The shares sold at prices ranging from $26.26 to $26.68 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. |
(3) | Represents the weighted average sales price per share. The shares sold at prices ranging from $25.26 to $26.25 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. |
(4) | The stock option is fully vested. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Spence Patrick C/O SONOS, INC. 614 CHAPALA STREET SANTA BARBARA, CA 93101 | X |
| Chief Executive Officer |
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Signatures
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/s/ Robert Capilupi by power of attorney | | 1/20/2021 |
**Signature of Reporting Person | Date |
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