4//SEC Filing
IKANOS COMMUNICATIONS, INC. 4
Accession 0001219210-15-000062
CIK 0001219210operating
Filed
Mar 9, 8:00 PM ET
Accepted
Mar 10, 5:17 PM ET
Size
18.0 KB
Accession
0001219210-15-000062
Insider Transaction Report
Form 4
Tahernia Omid
DirectorCEO and President
Transactions
- Award
Stock Option (right to buy)
2015-03-07+42,488→ 42,488 totalExercise: $4.10Exp: 2020-02-11→ Common Stock (42,488 underlying) - Disposition to Issuer
Stock Option (right to buy)
2015-03-07−60,000→ 0 totalExercise: $8.90Exp: 2019-06-11→ Common Stock (60,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2015-03-07−42,488→ 0 totalExercise: $4.10Exp: 2020-02-11→ Common Stock (42,488 underlying) - Award
Stock Option (right to buy)
2015-03-07+60,000→ 60,000 totalExercise: $8.90Exp: 2019-06-11→ Common Stock (60,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2015-03-07−115,000→ 0 totalExercise: $4.10Exp: 2020-02-17→ Common Stock (115,000 underlying) - Award
Stock Option (right to buy)
2015-03-07+115,000→ 115,000 totalExercise: $4.10Exp: 2020-02-17→ Common Stock (115,000 underlying)
Footnotes (4)
- [F1]Reflects the reverse stock split that occurred on February 13, 2015.
- [F2]These 42,488 stock options were originally granted to the Reporting Person on 02/11/2015. On 03/07/2015, the Company modified the grant such that in the event of a change-of-control transaction or other qualified termination of employment, as defined in the Reporting Person's pre-existing agreement with the Company, these options would partially vest provided that the price of our common stock at the time of the change-of-control transaction or other qualified termination of employment was at least $5.74. The portion of the option that will partially vest is determined by a ratio of (x) the excess of the deal price over the exercise price, to (y) the excess of the applicable stock price target over the exercise price, multiplied by the number of shares subject to that tranche.
- [F3]These 60,000 stock options were originally granted to the Reporting Person on 06/11/2012, and the stock price goals were subsequently amended on 02/11/2015. On 03/07/2015, the Company modified the grant such that in the event of a change-of-control transaction or other qualified termination of employment, as defined in the Reporting Person's pre-existing agreement with the Company, these options would partially vest provided that the price of our common stock at the time of the change-of-control transaction or other qualified termination of employment was at least $5.74. The portion of the option that will partially vest is determined by a ratio of (x) the excess of the deal price over the exercise price, to (y) the excess of the applicable stock price target over the exercise price, multiplied by the number of shares subject to that tranche.
- [F4]These 115,000 stock options were originally granted to the Reporting Person on 02/17/2015. On 03/07/2015, the Company modified the grant such that in the event of a change-of-control transaction or other qualified termination of employment, as defined in the Reporting Person's pre-existing agreement with the Company, these options would partially vest provided that the price of our common stock at the time of the change-of-control transaction or other qualified termination of employment was at least $5.74. The portion of the option that will partially vest is determined by a ratio of (x) the excess of the deal price over the exercise price, to (y) the excess of the applicable stock price target over the exercise price, multiplied by the number of shares subject to that tranche.
Documents
Issuer
IKANOS COMMUNICATIONS, INC.
CIK 0001219210
Entity typeoperating
Related Parties
1- filerCIK 0001219210
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 8:00 PM ET
- Accepted
- Mar 10, 5:17 PM ET
- Size
- 18.0 KB