Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Pacven Walden Management V Co. Ltd.
  2. Issuer Name and Ticker or Trading Symbol
AMBARELLA INC [AMBA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Former 10% holder
(Last)
(First)
(Middle)
ONE CALIFORNIA STREET, SUITE 2800
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2013
(Street)

SAN FRANCISCO, CA 94111
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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
Ordinary Shares 06/24/2013   J(2)   705,010 D $ 0 2,115,031 I By Pacven Walden Ventures V, L.P. (1)
Ordinary Shares 06/24/2013   J(3)   2,446 D $ 0 7,338 I By Pacven Walden Ventures V Associates Fund, L.P. (1)
Ordinary Shares 06/24/2013   J(4)   16,221 D $ 0 48,664 I By Pacven Walden Ventures Parallel V-A C.V. (1)
Ordinary Shares 06/24/2013   J(5)   16,221 D $ 0 48,664 I By Pacven Walden Ventures Parallel V-B C.V. (1)
Ordinary Shares 06/24/2013   J(6)   13,287 D $ 0 39,861 I By Pacven Walden Ventures V-QP Associates Fund, L.P. (1)
Ordinary Shares 06/24/2013   J(7)   15,686 A $ 0 15,686 D  
Ordinary Shares 06/25/2013   J(8)   14,905 D $ 0 781 D  
Ordinary Shares 06/25/2013   J(8)   11,253 A $ 0 11,253 I By Pacven Walden Management Co. Ltd.

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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Pacven Walden Management V Co. Ltd.
ONE CALIFORNIA STREET
SUITE 2800
SAN FRANCISCO, CA 94111
      Former 10% holder
PACVEN WALDEN VENTURES V LP
ONE CALIFORNIA STREET
SUITE 2800
SAN FRANCISCO, CA 94111
      Former 10% holder
Pacven Walden Ventures Parallel V-A C.V.
ONE CALIFORNIA STREET
SUITE 2800
SAN FRANCISCO, CA 94111
      Former 10% holder
Pacven Walden Ventures Parallel V-B C.V.
ONE CALIFORNIA STREET
SUITE 2800
SAN FRANCISCO, CA 94111
      Former 10% holder
PACVEN WALDEN VENTURES V ASSOCIATES FUND LP
ONE CALIFORNIA STREET
SUITE 2800
SAN FRANCISCO, CA 94111
      Former 10% holder
PACVEN WALDEN VENTURES V QP ASSOCIATES FUND LP
ONE CALIFORNIA STREET
SUITE 2800
SAN FRANCISCO, CA 94111
      Former 10% holder

Signatures

 /s/ Lip-Bu Tan, as director of Pacven Walden Management V Co. Ltd. and as director of Pacven Walden Management Co. Ltd   06/27/2013
**Signature of Reporting Person Date

 /s/ Lip-Bu Tan, as director of Pacven Walden Management V Co. Ltd., the general partner of Pacven Walden Ventures V, L.P.   06/27/2013
**Signature of Reporting Person Date

 /s/ Lip-Bu Tan, as director of Pacven Walden Management V Co. Ltd., the general partner of Pacven Walden Ventures Parallel V-A C.V.   06/27/2013
**Signature of Reporting Person Date

 /s/ Lip-Bu Tan, as director of Pacven Walden Management V Co. Ltd., the general partner of Pacven Walden Ventures Parallel V-B C.V.   06/27/2013
**Signature of Reporting Person Date

 /s/ Lip-Bu Tan, as director of Pacven Walden Management V Co. Ltd., the general partner of Pacven Walden Ventures V Associates Fund, L.P.   06/27/2013
**Signature of Reporting Person Date

 /s/ Lip-Bu Tan, as director of Pacven Walden Management V Co. Ltd., the general partner of Pacven Walden Ventures V-QP Associates Fund, L.P.   06/27/2013
**Signature of Reporting Person Date

 /s/ Lip-Bu Tan   06/27/2013
**Signature of Reporting Person Date

 /s/ Andrew Kau   06/27/2013
**Signature of Reporting Person Date

 /s/ Hock Voon Loo   06/27/2013
**Signature of Reporting Person Date

 /s/ Brian Chiang   06/27/2013
**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) Pacven Walden Management V Co. Ltd. ("Pacven V Mgmnt"), the Designated Filer, is the general partner of Pacven Walden Ventures V, L.P. ("Pacven Ventures V"), Pacven Walden Ventures Parallel V-A, C.V. ("Pacven V Parallel A"), Pacven Walden Ventures Parallel Fund V-B, C.V. ("Pacven V Parallel B"), Pacven Walden Ventures V Associates Fund, L.P. ("Pacven V A") and Pacven Walden Ventures V-QP Associates Fund, L.P. ("Pacven V-QP"). Lip-Bu Tan is the sole director of Pacven V Mgmnt and shares voting and investment power with respect to the shares held by Pacven Ventures V, Pacven V Parallel A, Pacven V Parallel B, Pacven V A and Pacven V-QP with the other members of the Investment Committee of Pacven V Mgmnt. The members of such Investment Committee are Lip-Bu Tan, Andrew Kau, Hock Voon Loo and Brian Chiang. Each member disclaims beneficial ownership of the shares except the extent of his or her pecuniary interest.
(2) Represents a pro-rata, in-kind distribution by Pacven Walden Ventures V, L.P., without consideration, to its partners.
(3) Represents a pro-rata, in-kind distribution by Pacven Walden Ventures V Associates Fund, L.P., without consideration, to its partners.
(4) Represents a pro-rata, in-kind distribution by Pacven Walden Ventures Parallel V-A C.V., without consideration, to its partners.
(5) Represents a pro-rata, in-kind distribution by Pacven Walden Ventures Parallel V-B C.V., without consideration, to its partners.
(6) Represents a pro-rata, in-kind distribution by Pacven Walden Ventures V-QP Associates Fund, L.P., without consideration, to its partners.
(7) Represents a pro-rata, in-kind distribution by Pacven Walden Ventures V, L.P., Pacven Walden Ventures V Associates Fund, L.P., Pacven Walden Ventures Parallel V-A C.V., Pacven Walden Ventures Parallel V-B C.V. and Pacven Walden Ventures V-QP Associates Fund, L.P., without consideration, to its partners.
(8) Represents a pro-rata, in-kind distribution by Pacven Walden Management V Co. Ltd., without consideration, to its shareholders.

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