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ARLO Arlo Technologies Inc

12.86
-0.10 (-0.77%)
Pre Market
Last Updated: 09:34:03
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arlo Technologies Inc NYSE:ARLO NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10 -0.77% 12.86 150 09:34:03

Initial Statement of Beneficial Ownership (3)

24/06/2020 9:01pm

Edgar (US Regulatory)


FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
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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
                      

1. Name and Address of Reporting Person *

Mattingly Gordon
2. Date of Event Requiring Statement (MM/DD/YYYY)
6/15/2020 

3. Issuer Name and Ticker or Trading Symbol

Arlo Technologies, Inc. [ARLO]
(Last)        (First)        (Middle)

C/O ARLO TECHNOLOGIES, INC., 3030 ORCHARD PARKWAY
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
Chief Financial Officer /
(Street)

SAN JOSE, CA 95134      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 510466 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (Right to Buy)  (1)8/2/2028 Common Stock 41000 $16.00 D  
Performance Restricted Stock Units (PSUs)  (2) (2)Common Stock 137528 $0.00 D  
Performance Restricted Stock Units (PSUs)  (3) (3)Common Stock 137528 $0.00 D  

Explanation of Responses:
(1) The option vests as follows: 25% of the shares vested on August 2, 2019, and the remaining shares vest in 36 equal monthly installments thereafter.
(2) Each PSU represents a contingent right to receive shares of the Issuer's common stock, based upon the achievement of certain financial milestones. Subject to the achievement of such milestones, each PSU will vest in three equal annual installments. The number of shares reported herein is a target number, however the actual number of shares issuable pursuant to the PSUs will not exceed 120% of the number of targeted shares.
(3) Each PSU represents a contingent right to receive shares of the Issuer's common stock, based upon total relative shareholder return during certain established performance periods over a period of three years. The number of shares reported herein is a target number, however the actual number of shares issuable pursuant to the PSUs will not exceed 200% of the number of target shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Mattingly Gordon
C/O ARLO TECHNOLOGIES, INC.
3030 ORCHARD PARKWAY
SAN JOSE, CA 95134


Chief Financial Officer

Signatures
/s/ Brian Busse, Attorney-in-Fact6/24/2020
**Signature of Reporting PersonDate

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