IKANOS COMMUNICATIONS, INC. 4
4 · IKANOS COMMUNICATIONS, INC. · Filed Feb 6, 2015
Insider Transaction Report
Form 4
Pal Debajyoti
Sr. Vice President & CTO
Transactions
- Exercise Out-of-Money
Common Stock
2015-02-04$0.41/sh+145,970$59,848→ 645,970 total(indirect: By Trust) - Exercise Out-of-Money
Subscription Rights (right to buy)
2015-02-04−100,000→ 0 total(indirect: By Trust)Exercise: $0.41From: 2014-11-26Exp: 2015-02-04→ Common Stock (145,970 underlying)
Holdings
- 17,569
Common Stock
Footnotes (2)
- [F1]Represents the purchase of common stock pursuant to the exercise of the Reporting Person's basic subscription rights in the Issuer's rights offering pursuant to the Prospectus dated November 26, 2014 (the "Rights Offering"). Pursuant to the Rights Offering, each basic subscription right entitled the holder to purchase 1.459707 shares of the Issuer's common stock for each whole share of common stock owned at 5:00 p.m., Eastern Time, on September 26, 2014. The Rights Offering expired on February 4, 2015.
- [F2]The Pal Trust DTD 8/14/96 is the owner of these securities. The Reporting Person, as a trustee of the Pal Trust DTD 8/14/96, holds shared voting and dispositive power of the securities held by this trust. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest therein. The filing of this Form 4 shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, or otherwise, the Reporting Person is the beneficial owner of these securities.