4//SEC Filing
IKANOS COMMUNICATIONS, INC. 4
Accession 0001219210-15-000168
CIK 0001219210operating
Filed
Sep 28, 8:00 PM ET
Accepted
Sep 29, 4:57 PM ET
Size
12.2 KB
Accession
0001219210-15-000168
Insider Transaction Report
Form 4
Pal Debajyoti
Sr. Vice President & CTO
Transactions
- Disposition from Tender
Common Stock
2015-09-28−64,597→ 0 total(indirect: By Trust) - Disposition to Issuer
Restricted Stock Units
2015-09-28−36,424→ 0 total→ Common Stock (36,424 underlying) - Disposition from Tender
Common Stock
2015-09-28−3,513→ 0 total - Disposition to Issuer
Restricted Stock Units
2015-09-28−28,000→ 0 total→ Common Stock (28,000 underlying)
Footnotes (6)
- [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]The Pal Trust DTD 8/14/96 is the owner of these securities. The Reporting Person, as a trustee of the Pal Trust DTD 8/14/96, holds shared voting and dispositive power of the securities held by this trust. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest therein. The filing of this Form 4 shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, or otherwise, the Reporting Person is the beneficial owner of these securities.
- [F3]Each unit represents a contingent right to receive one share of the Issuer's common stock.
- [F4]This grant was scheduled to vest as to 1/3 on August 12, 2015, then 1/6 on the 18th month anniversary of the grant, and 1/6 every six months thereafter, subject to continued service through each vesting date. This grant was cancelled on the effective date of the Merger in exchange for a cash payment equal to the number of restricted stock units multiplied by $2.75.
- [F5]No expiration date.
- [F6]1/3 of this grant was scheduled to vest on October 27, 2015 and 1/6 every six months thereafter. This grant was cancelled on the effective date of the Merger in exchange for a cash payment equal to the number of restricted stock units multiplied by $2.75.
Documents
Issuer
IKANOS COMMUNICATIONS, INC.
CIK 0001219210
Entity typeoperating
Related Parties
1- filerCIK 0001219210
Filing Metadata
- Form type
- 4
- Filed
- Sep 28, 8:00 PM ET
- Accepted
- Sep 29, 4:57 PM ET
- Size
- 12.2 KB