SC 13G/A





Washington, D.C. 20549




Under the Securities Exchange Act of 1934

(Amendment No. 1)*



Adesto Technologies Corporation

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)


(CUSIP Number)

December 31, 2016

(Date of Event Which Requires Filing of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)


* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).





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CUSIP No. 00687D101  



Names of Reporting Persons

I.R.S. Identification No. of Above Persons (Entities Only)


Intel Corporation



Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☐



SEC Use Only



Citizenship or Place of Organization



Number of



Owned by






Sole Voting Power




Shared Voting Power




Sole Dispositive Power




Shared Dispositive Power




Aggregate Amount Beneficially Owned by Each Reporting Person




Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ☐



Percent of Class Represented by Amount in Row (9)**




Type of Reporting Person (See Instructions)




* See Item 4 below.
** Based upon information contained in the Quarterly Report on Form 10-Q filed by the Issuer with the Securities and Exchange Commission on November 14, 2016, reflecting 15,489,951 shares of the Issuer’s Common Stock issued and outstanding as of November 7, 2016.


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Item 1.


  (a) Name of Issuer

Adesto Technologies Corporation


  (b) Address of Issuer’s Principal Executive Offices

3600 Peterson Way

Santa Clara, California 95054

Item 2.


  (a) Name of Person(s) Filing

Intel Corporation


  (b) Address of Principal Business Office or, if none, Residence

2200 Mission College Boulevard

Santa Clara, California 95054-1549


  (c) Citizenship



  (d) Title of Class of Securities

Common Stock, par value $0.0001 per share


  (e) CUSIP Number



Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable


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Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a), (b), and (c)


Reporting Persons

   Number of Shares With
Sole Voting and
Dispositive Power
     Number of Shares With
Shared Voting
and Dispositive Power
Number of
Beneficially Owned
of Class
Beneficially Owned

Intel Corporation

     0         770,197         770,197         4.97 %* 


* Based upon information contained in the Quarterly Report on Form 10-Q filed by the Issuer with the Securities and Exchange Commission on November 14, 2016, reflecting 15,489,951 shares of the Issuer’s Common Stock issued and outstanding as of November 7, 2016.

The Reporting Person does not directly own any Common Stock of the Issuer. By reason of the provisions of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, the Reporting Person is deemed to own beneficially the Common Stock of the Issuer that is owned by Altera Corporation, a wholly-owned subsidiary of the Reporting Person.


Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☒.


Item 6. Ownership of More than Five Percent on Behalf of Another Person

Not applicable.


Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not applicable.


Item 8. Identification and Classification of Members of the Group

Not applicable.


Item 9. Notice of Dissolution of Group

Not applicable.


Item 10. Certification

Not Applicable.


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After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 10, 2017



/s/ Suzan A. Miller

Name:   Suzan A. Miller
Title:   Corporate Vice President, Deputy General Counsel and Corporate Secretary



The undersigned hereby constitutes and appoints Suzan A. Miller and Steven R. Rodgers, and with full power of substitution, the undersigned’s true and lawful attorney-in-fact with full power to execute and file with the Securities and Exchange Commission and any stock exchange or similar authority, any report required to be filed pursuant to Section 13 of the Securities Exchange Act of 1934 (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto said attorney-in-fact the power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

This Power of Attorney shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person to whom power of attorney has been hereby granted ceases to be an employee of Intel Corporation.

The undersigned has caused this Power of Attorney to be executed as of October 10, 2016.



/s/ Robert H. Swan

  Robert H. Swan
  Executive Vice President and Chief Financial Officer


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