IKANOS COMMUNICATIONS, INC. 4

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

Form 4

Period: 2015-03-23

VP and Chief Financial Officer

Transactions

Disposition to Issuer
Stock Option (right to buy)
2015-03-23−30,000→ 0 total
Exercise: $18.20Exp: 2017-06-14→ Common Stock (30,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2015-03-23−12,500→ 0 total
Exercise: $13.90Exp: 2019-10-31→ Common Stock (12,500 underlying)
Award
Stock Option (right to buy)
2015-03-23+20,400→ 20,400 total
Exercise: $2.80Exp: 2022-03-23→ Common Stock (20,400 underlying)
Award
Stock Option (right to buy)
2015-03-23+24,000→ 24,000 total
Exercise: $2.80Exp: 2022-03-23→ Common Stock (24,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2015-03-23−5,500→ 0 total
Exercise: $12.70Exp: 2018-08-03→ Common Stock (5,500 underlying)
Disposition to Issuer
Stock Option (right to buy)
2015-03-23−7,500→ 0 total
Exercise: $13.20Exp: 2020-07-30→ Common Stock (7,500 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, an option granted to the Reporting Person on 06/14/2010. In exchange for the option to purchase 30,000 shares, the Reporting Person received a new option to purchase 24,000 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 25,500 shares, the Reporting Person received a new option to purchase 20,400 shares at a lower exercise price.
[F5]These options vest monthly over 36 months.

Documents

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