Quigley John 4
4 · IKANOS COMMUNICATIONS · Filed Oct 12, 2010
Insider Transaction Report
Form 4
Quigley John
Sr. VP, Global Engineering
Transactions
- Award
Stock Option (right to buy)
2010-10-08+300,000→ 300,000 totalExercise: $1.21Exp: 2020-10-08→ Common Stock (300,000 underlying)
Footnotes (1)
- [F1]The option vests on a one year vesting schedule that begins upon exceeding certain stock price goals for a period of 20 consecutive trading days. Specifically, vesting of the option will be dependent upon continued employment and the attainment of average closing prices for the common stock for 20 consecutive trading days as follows: (i) 1/3rd (100,000 shares) begin vesting at a $3.00 average closing stock price; (ii) 1/3rd (100,000 shares) begin vesting at a $4.00 average closing stock price; and (iii) the final 1/3rd (100,000 shares) begins vesting at a $5.00 average closing stock price. Option shares will vest in equal quarterly installments over the one year vesting schedule after the stock price target is achieved subject to continued employment.