IKANOS COMMUNICATIONS, INC. 4
4 · IKANOS COMMUNICATIONS, INC. · Filed Sep 29, 2015
Insider Transaction Report
Form 4
FAIZULLABHOY DANIAL
Director
Transactions
- Disposition to Issuer
Director Stock Option (right to buy)
2015-09-28−5,000→ 0 totalExercise: $1.84Exp: 2022-05-28→ Common Stock (5,000 underlying) - Disposition from Tender
Common Stock
2015-09-28−11,743→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), dated August 5, 2015, among the Issuer, Qualcomm Atheros, Inc. ("Parent"), and King Acquisition Co., a wholly-owned subsidiary of Parent ("Merger Sub") in exchange for cash consideration of $2.75 per share, without interest (less any applicable withholding taxes). Pursuant to the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation (the "Merger").
- [F2]This Director Stock Option, which provided for vesting in 12 equal monthly installments beginning on May 28, 2015, was cancelled on the effective date of the Merger in exchange for a cash payment representing the difference between the exercise price of such stock option and $2.75 per share.