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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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
                      

1. Name and Address of Reporting Person *

HU LIMIN

2. Date of Event Requiring Statement (MM/DD/YYYY)
4/14/2011 

3. Issuer Name and Ticker or Trading Symbol

ELLIE MAE INC [ELLI]

(Last)        (First)        (Middle)

C/O ELLIE MAE, INC., 4155 HOPYARD ROAD, SUITE 200

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
EVP, Tech and Operations, CTO /

(Street)

PLEASANTON, CA 94588       

(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, $0.0001 par value   513927   (1) 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 Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)     (2) 9/24/2012   Common Stock   6666   (1) $3.75   (1) D    
Stock Option (right to buy)     (3) 8/26/2020   Common Stock   66666   (1) $8.85   (1) D    
Stock Option (right to buy)     (2) 2/22/2015   Common Stock   83332   (1) $1.38   (1) D    
Stock Option (right to buy)     (4) 4/23/2019   Common Stock   13333   (1) $1.38   (1) D    
Stock Option (right to buy)     (2) 1/22/2012   Common Stock   66666   (1) $3.75   (1) D    
Stock Option (right to buy)     (5) 8/23/2017   Common Stock   41665   (1) $1.38   (1) D    

Explanation of Responses:
( 1)  Reflects a 1-for-3 reverse stock split of the Issuer's outstanding securities effected immediately prior to the effectiveness of the Issuer's S-1 Registration Statement (Commission File No. 333-166438).
( 2)  100% of the shares subject to the option are fully vested and exercisable.
( 3)  Option vests with respect to 25% of the shares subject thereto on August 26, 2011, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on August 26, 2014.
( 4)  Option vests with respect to 1/24th of the shares subject thereto monthly commencing on April 23, 2009, such that the option will be fully vested and exercisable on April 23, 2011.
( 5)  37,324 of the shares subject to the Option are fully vested and exercisable. Of the remaining shares subject to the Option, 868 shares will vest monthly, such that 100% of the shares subject to the Option will be fully vested and exercisable on August 23, 2011.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HU LIMIN
C/O ELLIE MAE, INC.
4155 HOPYARD ROAD, SUITE 200
PLEASANTON, CA 94588


EVP, Tech and Operations, CTO

Signatures
/s/ LeeAnn Linck, Attorney-in-Fact for Limin Hu 4/14/2011
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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