4//SEC Filing
IXIA 4
Accession 0001120295-17-000022
CIK 0001120295operating
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 5:51 PM ET
Size
7.2 KB
Accession
0001120295-17-000022
Insider Transaction Report
Form 4
IXIAXXIA
Novak Brent T
Chief Financial Officer
Transactions
- Sale
Common Stock
2017-03-08$19.51/sh−6,317$123,231→ 90,877 total - Award
Common Stock
2017-03-06+33,300→ 97,194 total
Footnotes (3)
- [F1]On February 27, 2015, the Reporting Person was granted a target number of 22,200 performance-based Restricted Stock Units ("RSUs"). Up to 150% of the RSUs could become earned and eligible for vesting, based on the extent to which Ixia achieved a financial performance goal (established for purposes of the RSUs) for the Company's combined 2015 and 2016 fiscal years. On March 6, 2017, 150% of such RSUs became earned and eligible for vesting. 16,650 RSUs vested on March 6, 2017, and the remaining 16,650 RSUs will vest in eight equal quarterly installments, with the first installment vesting on May 15, 2017 and one additional installment vesting on the fifteenth day of the second calendar month of each calendar quarter thereafter. Each RSU represents the right to receive one share of Ixia Common Stock to be issued and delivered on or within five business days following the applicable vesting date.
- [F2]Includes 867 shares acquired under the Ixia Employee Stock Purchase Plan on 10/31/2016.
- [F3]Represents shares sold to cover tax withholding obligations upon the vesting of restricted stock units.
Documents
Issuer
IXIA
CIK 0001120295
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0001120295
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 5:51 PM ET
- Size
- 7.2 KB