Apostol George JR 4
4 · EXAR CORP · Filed Jul 2, 2010
Insider Transaction Report
Form 4
EXAR CORPEXAR
Apostol George JR
Other
Transactions
- Tax Payment
Common Stock
2009-06-02$6.60/sh−1,787$11,794→ 13,213 total - Tax Payment
Common Stock
2010-06-02$6.95/sh−1,833$12,739→ 26,380 total - Award
Common Stock
2010-05-07+15,000→ 28,213 total
Footnotes (2)
- [F1]Transactions represent tax withholding transactions involving the reporting person that occurred prior to the filing of this report. The reporting person was previously granted restricted stock units by issuer and the total # of shares subject to each of these awards was previously reported in Table I of a Form 4 filed in connection with the grant of the award. Under their terms, upon vesting of award the issuer automatically reduces the # of shares payable upon vesting by a # of shares having a value equal to the associated tax withholding obligations. These tax withholding transactions are exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended. However, as the reporting person had reported the total number of shares covered by each award but received only the net shares actually issued by the issuer after tax withholding, the reporting person is required to report (using Code F) the shares not issued by the issuer because of the applicable tax withholding.
- [F2]Performance based RSUs granted on 7/1/09 under the 2006 Plan. Performance criteria deemed to have been satisfied on May 7, 2010. RSU vests in full on July 1, 2010.