IKANOS COMMUNICATIONS, INC. 4

Accession 0001219210-15-000090

CIK 0001219210operating

Filed

Mar 24, 8:00 PM ET

Accepted

Mar 25, 6:18 PM ET

Size

22.7 KB

Accession

0001219210-15-000090

Form 4

Period: 2015-03-23

Director

Transactions

Disposition to Issuer
Director Stock Option (right to buy)
2015-03-23−1,500→ 0 total
Exercise: $18.80Exp: 2017-06-08→ Common Stock (1,500 underlying)
Disposition to Issuer
Director Stock Option (right to buy)
2015-03-23−1,950→ 0 total
Exercise: $12.40Exp: 2020-06-04→ Common Stock (1,950 underlying)
Award
Director Stock Option (right to buy)
2015-03-23+5,040→ 5,040 total
Exercise: $2.80Exp: 2022-03-23→ Common Stock (5,040 underlying)
Disposition to Issuer
Director Stock Option (right to buy)
2015-03-23−2,000→ 0 total
Exercise: $14.10Exp: 2018-06-07→ Common Stock (2,000 underlying)
Disposition to Issuer
Director Stock Option (right to buy)
2015-03-23−2,500→ 0 total
Exercise: $7.50Exp: 2019-06-05→ Common Stock (2,500 underlying)
Disposition to Issuer
Director Stock Option (right to buy)
2015-03-23−3,300→ 0 total
Exercise: $19.10Exp: 2016-12-21→ Common Stock (3,300 underlying)
Disposition to Issuer
Director Stock Option (right to buy)
2015-03-23−3,300→ 0 total
Exercise: $52.50Exp: 2018-02-01→ Common Stock (3,300 underlying)
Disposition to Issuer
Director Stock Option (right to buy)
2015-03-23−1,200→ 0 total
Exercise: $16.20Exp: 2019-05-21→ Common Stock (1,200 underlying)
Award
Director Stock Option (right to buy)
2015-03-23+7,320→ 7,320 total
Exercise: $2.80Exp: 2022-03-23→ Common Stock (7,320 underlying)

Footnotes (7)

[F1]The canceled option provided for vesting as follows: 25% of the shares shall vest on the one year anniversary of the transaction date and 1/48th of the shares vest each month thereafter on the same date of the month as the transaction date.
[F2]On March 23, 2015, the Issuer canceled, pursuant to the Issuer's option exchange program, options granted to the Reporting Person on 02/01/2008 and 12/21/2009. In exchange for the option to cumulatively purchase 6,600 shares, the Reporting Person received a new option to purchase 5,040 shares at a lower exercise price.
[F3]The canceled option provided for vesting as follows: over three years at the rate of 1/36 each month.
[F4]These options vest monthly over 24 months.
[F5]The canceled option provided for vesting as follows: monthly over 12 months.
[F6]On March 23, 2015, the Issuer canceled, pursuant to the Issuer's option exchange program, options granted to the Reporting Person on 05/21/2009, 06/08/2010, 06/07/2011, 06/05/2012, and 06/04/2013. In exchange for these options to cumulatively purchase 9,150 shares, the Reporting Person received a new option to purchase 7,320 shares at a lower exercise price.
[F7]These options vest monthly over 12 months.

Documents

1 file

IKANOS COMMUNICATIONS, INC.

CIK 0001219210

Entity typeoperating