Bhatnagar Atul 4
4 · IXIA · Filed Mar 20, 2012
Insider Transaction Report
Form 4
IXIAXXIA
Bhatnagar Atul
DirectorPresident and CEO
Transactions
- Award
Employee Stock Option (right to buy)
2012-03-16+300,000→ 300,000 totalExercise: $8.88Exp: 2017-03-12→ Common Stock (300,000 underlying)
Holdings
- 77,198
Common Stock
Footnotes (2)
- [F1]Includes 1,174 shares acquired under the Ixia Employee Stock Purchase Plan on 4/29/11 and 1,174 shares acquired under the Ixia Employee Stock Purchase Plan on 10/31/11.
- [F2]On March 12, 2010, the reporting person was granted an option to purchase 300,000 shares of common stock. The option became earned and eligible for vesting based on the extent to which Ixia achieved a financial performance goal (established for purposes of the option) for the Company's combined 2010 and 2011 fiscal years. The Company achieved the goal in full, and on March 16, 2012, the option became earned and eligible for vesting as to all 300,000 shares. The option vested as to 150,000 of such shares on March 16, 2012, and the remaining shares will vest and become exercisable in eight equal quarterly installments commencing June 30, 2012.