0000899243-18-007722.txt : 20180316
0000899243-18-007722.hdr.sgml : 20180316
20180316165546
ACCESSION NUMBER: 0000899243-18-007722
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180314
FILED AS OF DATE: 20180316
DATE AS OF CHANGE: 20180316
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SHAH AJAY
CENTRAL INDEX KEY: 0001008036
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38102
FILM NUMBER: 18696363
MAIL ADDRESS:
STREET 1: 2775 SAND HILL ROAD, SUITE 100
CITY: MENLO PARK
STATE: CA
ZIP: 94025
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SMART Global Holdings, Inc.
CENTRAL INDEX KEY: 0001616533
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 981013909
STATE OF INCORPORATION: E9
FISCAL YEAR END: 0831
BUSINESS ADDRESS:
STREET 1: 39870 EUREKA DRIVE
CITY: NEWARK
STATE: CA
ZIP: 94560-4809
BUSINESS PHONE: (510) 623-1231
MAIL ADDRESS:
STREET 1: 39870 EUREKA DRIVE
CITY: NEWARK
STATE: CA
ZIP: 94560-4809
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2018-03-14
0
0001616533
SMART Global Holdings, Inc.
SGH
0001008036
SHAH AJAY
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
MENLO PARK
CA
94025
1
1
0
0
Co-Chief Executive Officer
Employee Stock Options (right to buy)
39.82
2018-03-14
4
A
0
900000
0.00
A
2028-03-14
Ordinary Shares
900000
900000
D
Consists of (i) 450,000 time-based options which will vest in four equal tranches of 25% on each annual anniversary of the grant date, (ii) 225,000 performance-based options eligible to vest in four equal tranches of 25% on each annual anniversary of the grant date if the 30 trading day rolling average closing price of an ordinary share of SMART Global Holdings, Inc. (the "Issuer") equals or exceeds 150% of the exercise price (such 30 trading day average, the "150% Price Target") at any time during the four year period following the grant date provided that if the 150% Price Target is satisfied after any annual vesting date for any portion of the options, such prior portion or portions will vest upon achievement of the 150% Price Target, (continued in footnote 2 below)
(continued from footnote 1 above) and (iii) 225,000 performance-based options which options will be eligible to vest in four equal tranches of 25% on each annual anniversary of the grant date if the 30 trading day rolling average closing price of an ordinary share of the Issuer equals or exceeds 200% of the exercise price (such 30 trading day average, the "200% Price Target") at any time during the seven year period following the grant date provided that if the 200% Price Target is satisfied after any annual vesting date for any portion of the options, such prior portion or portions will vest upon achievement of the 200% Price Target. In each case, the awards provide that Mr. Shah must be serving as Chief Executive Officer or Co-Chief Executive Officer of the Issuer at the time of vesting and contain certain acceleration provisions in the event of a termination without cause or for good reason.
This filing shall not be deemed an admission that for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise, that the Reporting Person is the beneficial owner of any equity securities in excess of his pecuniary interest, and the Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.
AJAY SHAH By: /s/ Ajay Shah
2018-03-16