Garen Craig Joseph 4
4 · IKANOS COMMUNICATIONS · Filed Apr 13, 2010
Insider Transaction Report
Form 4
Garen Craig Joseph
Chief Operating Officer
Transactions
- Other
Stock Option (right to buy)
2010-04-01−450,000→ 150,000 totalExercise: $1.77→ Common Stock (450,000 underlying)
Footnotes (1)
- [F1]On April 1, 2010, the Company and Craig Garen entered into a separation and release agreement which sets forth terms governing Mr. Garen's departure from the Company. The Company determined on April 12, 2010 that the Seperation Agreement was irrevocable and at that time, pursuant to the Separation Agreement, 450,000 options were cancelled and 150,000 options were accelerated to April 1,2010 with an expiration date of July 1, 2010.