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Summit Wireless Technologies Inc.

08/14/2020 | Press release | Distributed by Public on 08/14/2020 19:07

Statement of changes in beneficial ownership of securities

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 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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OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Oliva George
2. Issuer Name and Ticker or Trading Symbol
Summit Wireless Technologies, Inc. [WISA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
C/O SUMMIT WIRELESS TECHNOLOGIES, INC., 6840 VIA DEL ORO STE. 280
3. Date of Earliest Transaction (Month/Day/Year)
07/27/2020
(Street)
SAN JOSE, CA 95119
4. If Amendment, Date Original Filed(Month/Day/Year)
07/27/2020
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 07/27/2020 A 12,424 (1) A $ 0 19,924 (2) D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Underlying Securities
(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
Restricted Stock Units (3) 07/27/2020 A 61,824 (4) (5) (5) Common Stock 61,824 $ 0 61,824 (6) D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Oliva George
C/O SUMMIT WIRELESS TECHNOLOGIES, INC.
6840 VIA DEL ORO STE. 280
SAN JOSE, CA 95119
Chief Financial Officer

Signatures

/s/ George Oliva 08/14/2020
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) This award was originally reported on a Form 4 filed with the Securities and Exchange Commission on July 27, 2020. 824 shares were inadvertently added to the grant of restricted stock instead of the grant of restricted stock units.
(2) Reflects the new beneficial ownership post adjustment reported in Footnote 1 above.
(3) Each restricted stock unit ('RSU') represents the right to receive one share of Common Stock, subject to the vesting terms of such RSU and the approval of the issuer's 2020 Stock Incentive Plan by the issuer's stockholders
(4) Reflects the new beneficial ownership post adjustment reported in Footnote 1 above.
(5) The RSUs are scheduled to vest in equal installments on the first, second and third anniversaries of August 15, 2020, so long as the reporting person remains in the service of the issuer on each such anniversary.
(6) Reflects the new beneficial ownership post adjustment reported in Footnote 1 above.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.