IKANOS COMMUNICATIONS, INC. 4
4 · IKANOS COMMUNICATIONS, INC. · Filed Mar 10, 2015
Insider Transaction Report
Form 4
Bencala Dennis
VP and Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2015-03-07+24,000→ 24,000 totalExercise: $4.10Exp: 2020-02-17→ Common Stock (24,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2015-03-07−24,000→ 0 totalExercise: $4.10Exp: 2020-02-17→ Common Stock (24,000 underlying)
Footnotes (1)
- [F1]These 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, 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 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.