4//SEC Filing
GigPeak, Inc. 4
Accession 0001209191-17-024802
CIK 0001432150operating
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 4:33 PM ET
Size
25.1 KB
Accession
0001209191-17-024802
Insider Transaction Report
Form 4
LAZZARA JOSEPH J
Director
Transactions
- Disposition from Tender
Common Stock
2017-04-04$3.08/sh−6,402$19,718→ 0 total - Disposition to Issuer
Restricted Stock Units (RSUs)
2017-04-04$3.08/sh−1,307$4,026→ 0 totalExercise: $0.00→ Common Stock (1,307 underlying) - Disposition to Issuer
RSUs
2017-04-04$3.08/sh−3,750$11,550→ 0 totalExercise: $0.00→ Common Stock (3,750 underlying) - Disposition from Tender
Common Stock
2017-04-04$3.08/sh−165,920$511,034→ 0 total(indirect: By Trust) - Disposition to Issuer
RSUs
2017-04-04$3.08/sh−6,480$19,958→ 0 totalExercise: $0.00→ Common Stock (6,480 underlying) - Disposition to Issuer
Stock Options
2017-04-04−25,000→ 0 totalExercise: $2.70→ Common Stock (25,000 underlying) - Disposition to Issuer
RSUs
2017-04-04$3.08/sh−3,125$9,625→ 0 totalExercise: $0.00→ Common Stock (3,125 underlying) - Disposition to Issuer
RSUs
2017-04-04$3.08/sh−55,800$171,864→ 0 totalExercise: $0.00→ Common Stock (55,800 underlying) - Disposition to Issuer
RSUs
2017-04-04$3.08/sh−7,500$23,100→ 0 totalExercise: $0.00→ Common Stock (7,500 underlying) - Disposition to Issuer
Stock Options
2017-04-04−40,000→ 0 totalExercise: $2.65→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]As disclosed in the Schedule 14D-9 filed by the Issuer, pursuant to the Merger Agreement, each GigPeak RSU that is outstanding and is not an Assumed RSU (including GigPeak RSUs for which the vesting is solely accelerated due to the consummation of the transactions contemplated by the Merger Agreement pursuant to a contract in effect as of the date of the Merger Agreement) shall vest in full to the extent unvested and be cancelled immediately prior to the Effective Time and converted into the right to receive an amount in cash equal to the product obtained by multiplying (a) the aggregate number of Shares subject to such GigPeak RSU immediately prior to the Effective Time and (b) the Offer Price. No GigPeak RSUs held by GigPeak directors or executive officers will be Assumed RSUs.
- [F2]Pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time, (i) each GigPeak Option with an exercise price that is less than the Offer Price that is outstanding immediately prior to the Effective Time will be cancelled immediately prior to the Effective Time and converted into the right to receive an amount in cash equal to the product obtained by multiplying (a) the aggregate number of Shares subject to such GigPeak Option immediately prior to the Effective Time and (b) the excess of the Offer Price over the exercise price per share of such GigPeak Option; and (ii) each GigPeak Option with an exercise price equal to or greater than the Offer Price that is outstanding immediately prior to the Effective Time will be cancelled immediately prior to the Effective Time in exchange for no consideration.
Documents
Issuer
GigPeak, Inc.
CIK 0001432150
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001432150
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 4:33 PM ET
- Size
- 25.1 KB