HANNEL CLIFF 4

4 · IXIA · Filed May 31, 2005

Form 4

Period: 2005-05-26

V.P., Business Development

Transactions

Exercise/Conversion
Common Stock
2005-05-26$10.25/sh+9,146$93,747→ 9,325 total
Exercise/Conversion
Common Stock
2005-05-27$8.50/sh+5,435$46,198→ 5,614 total
Exercise/Conversion
Common Stock
2005-05-26$4.10/sh+1,250$5,125→ 1,429 total
Exercise/Conversion
Common Stock
2005-05-26$8.50/sh+190$1,615→ 369 total
Sale
Common Stock
2005-05-27$18.74/sh−5,435$101,852→ 179 total
Sale
Common Stock
2005-05-26$18.50/sh−9,146$169,201→ 179 total
Sale
Common Stock
2005-05-26$18.39/sh−1,250$22,988→ 179 total
Exercise/Conversion
Employee Stock Option (right to buy)
2005-05-27−5,435→ 3,273 total
Exercise: $8.50Exp: 2012-03-28→ Common Stock (5,435 underlying)
Exercise/Conversion
Employee Stock Option (right to buy)
2005-05-26−190→ 8,708 total
Exercise: $8.50Exp: 2012-03-28→ Common Stock (190 underlying)
Exercise/Conversion
Employee Stock Option (right to buy)
2005-05-26−1,250→ 3,750 total
Exercise: $4.10Exp: 2008-12-31→ Common Stock (1,250 underlying)
Sale
Common Stock
2005-05-26$18.74/sh−190$3,561→ 179 total
Exercise/Conversion
Employee Stock Option (right to buy)
2005-05-26−9,146→ 0 total
Exercise: $10.25Exp: 2011-04-06→ Common Stock (9,146 underlying)

Footnotes (3)

[F1]Option to purchase 9,146 shares vests and becomes exercisable cumulatively as to 2,896 shares on 03/31/04, and as to 6,250 shares on 03/31/05.
[F2]Option to purchase 23,898 shares vests and becomes exercisable cumulatively as to 1,398 shares on 03/31/03; and as to 22,500 shares in 12 equal quarterly installments commencing on 06/30/03.
[F3]Option to purchase 15,000 shares vests and becomes exercisable in 12 equal quarterly installments commencing on 03/31/04. Option is exercisable as to each installment of vested shares for a period of two years following the vesting date.

Documents

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