OBATA DEREK 4
4 · IKANOS COMMUNICATIONS · Filed Mar 21, 2006
Insider Transaction Report
Form 4
OBATA DEREK
VP of Worldwide Sales
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2006-03-17−49,695→ 35,498 totalExercise: $0.48Exp: 2013-11-20→ Common Stock (49,695 underlying) - Sale
Common Stock
2006-03-17$20.75/sh−194$4,026→ 0 total - Sale
Common Stock
2006-03-17$20.75/sh−49,695$1,031,171→ 194 total - Exercise/Conversion
Common Stock
2006-03-17$0.48/sh+49,695$23,854→ 49,695 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2006-03-17−194→ 66,472 totalExercise: $3.84Exp: 2015-06-14→ Common Stock (194 underlying) - Exercise/Conversion
Common Stock
2006-03-17$3.84/sh+194$745→ 49,889 total
Footnotes (3)
- [F1]The shares were sold to the underwriters of the Issuer's secondary offering at a per share price of $19.7125. Such shares were then sold to the public by the underwriters at a per share price of $20.75.
- [F2]On November 20, 2003, the Reporting Person was granted an option for 85,193 shares of Common Stock, of which 49,695 shares have been exercised. The option is fully exercisable from the date of grant and vests at the rate of 1/4th of the shares on October 13, 2003 and as to 1/48th of the shares on each one month anniversary thereafter. The vesting commencement date as initially reported on the Reporting Person's Form 3 was incorrectly noted as November 13, 2003.
- [F3]On June 14, 2005, the Reporting Person was granted an option for 66,666 shares of Common Stock, of which 194 shares have been exercised. The option is fully exercisable from the date of grant and vests at the rate of 1/48th of the shares on April 1, 2005 and each one month anniversary thereafter.