IKANOS COMMUNICATIONS, INC. 4

4 · IKANOS COMMUNICATIONS, INC. · Filed Mar 25, 2015

Form 4

Period: 2015-03-23

See Remarks

Transactions

Disposition to Issuer
Stock Option (right to buy)
2015-03-23−2,000→ 0 total
Exercise: $13.20Exp: 2020-07-30→ Common Stock (2,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2015-03-23−32,500→ 0 total
Exercise: $15.90Exp: 2020-05-06→ Common Stock (32,500 underlying)
Award
Stock Option (right to buy)
2015-03-23+27,600→ 27,600 total
Exercise: $2.80Exp: 2022-03-23→ Common Stock (27,600 underlying)

Footnotes (3)

[F1]The canceled option provided for vesting as follows: 25% of the shares subject to the option vest on the one year anniversary of the transaction date and 6.25% of the shares vest on each subsequent three (3) month anniversary of the transaction date, subject to the Reporting Person continuing to be a service provider through each such date.
[F2]On March 23, 2015, the Issuer canceled, pursuant to the Issuer's option exchange program, options granted to the Reporting Person on 05/06/2013 and 07/30/2013. In exchange for these options to cumulatively purchase 34,500 shares, the Reporting Person received a new option to purchase 27,600 shares at a lower exercise price.
[F3]These options vest monthly over 36 months.

Documents

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