IKANOS COMMUNICATIONS, INC. 4

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

Form 4

Period: 2015-03-23

Sr. Vice President & CTO

Transactions

Disposition to Issuer
Stock Option (right to buy)
2015-03-23−42,500→ 0 total
Exercise: $17.70Exp: 2016-09-13→ Common Stock (42,500 underlying)
Disposition to Issuer
Stock Option (right to buy)
2015-03-23−4,000→ 0 total
Exercise: $12.70Exp: 2018-08-03→ Common Stock (4,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2015-03-23−10,000→ 0 total
Exercise: $11.80Exp: 2017-11-09→ Common Stock (10,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2015-03-23−6,000→ 0 total
Exercise: $13.90Exp: 2019-10-31→ Common Stock (6,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2015-03-23−6,250→ 0 total
Exercise: $13.20Exp: 2020-07-30→ Common Stock (6,250 underlying)
Award
Stock Option (right to buy)
2015-03-23+13,000→ 13,000 total
Exercise: $2.80Exp: 2022-03-23→ Common Stock (13,000 underlying)
Award
Stock Option (right to buy)
2015-03-23+42,000→ 42,000 total
Exercise: $2.80Exp: 2022-03-23→ Common Stock (42,000 underlying)

Footnotes (5)

[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 09/13/2009 and 11/09/2010. In exchange for these options to cumulatively purchase 52,500 shares, the Reporting Person received a new option to purchase 42,000 shares at a lower exercise price.
[F3]These options vest monthly over 24 months.
[F4]On March 23, 2015, the Issuer canceled, pursuant to the Issuer's option exchange program, options granted to the Reporting Person on 08/03/2011, 10/31/2012, and 07/30/13. In exchange for these options to cumulatively purchase 16,250 shares, the Reporting Person received a new option to purchase 13,000 shares at a lower exercise price.
[F5]These options vest monthly over 36 months.

Documents

1 file