UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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 control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (right to buy) | Â (4) | 11/15/2021 | Common Stock (1) | 196,727 | $ 1.392 | D | Â |
Employee Stock Option (right to buy) | Â (5) | 06/23/2023 | Common Stock (1) | 25,000 | $ 7.708 | D | Â |
Employee Stock Option (right to buy) | Â (6) | 02/06/2024 | Common Stock (1) | 125,000 | $ 11.52 | D | Â |
Employee Stock Option (right to buy) | Â (7) | 02/05/2025 | Common Stock (1) | 81,250 | $ 14.476 | D | Â |
Employee Stock Option (right to buy) | Â (8) | 05/22/2025 | Common Stock (1) | 25,000 | $ 14.496 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Murphy Robert John 4051 BROAD STREET SUITE 220 SAN LUIS OBISPO, CA 93401 |
 X |  X |  Chief Operating Officer |  |
/s/ Kimberly G. Lytikainen, Attorney-in-Fact | 06/18/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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). |
(1) | Each share of Common Stock shall be reclassified into one share of Class B Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock. |
(2) | The shares are held of record by the Reporting Person's spouse. |
(3) | The shares are held of record by the Robert John Murphy Family Trust, for which the Reporting Person's spouse serves as trustee. |
(4) | The shares subject to the option are fully vested and exercisable. |
(5) | 25% of the shares subject to the option vested on June 27, 2014, and 2.0833% of the shares vest monthly thereafter. |
(6) | 10% of the shares subject to the option vested on January 1, 2015, 20% of the shares vest on January 1, 2016, 30% of the shares vest on January 1, 2017, and 40% of the shares vest on January 1, 2018. |
(7) | 1/48 of the shares subject to the option vested on March 5, 2015, and 1/48 of the shares vest monthly thereafter. |
(8) | 1/48 of the shares subject to the option vest on June 22, 2015, and 1/48 of the shares vest monthly thereafter. |
 Remarks: Exhibit 24 - Power of Attorney |