IKANOS COMMUNICATIONS, INC. 4
4 · IKANOS COMMUNICATIONS, INC. · Filed Sep 29, 2015
Insider Transaction Report
Form 4
Tahernia Omid
DirectorCEO and President
Transactions
- Disposition from Tender
Common Stock
2015-09-28−24,407→ 0 total - Disposition to Issuer
Restricted Stock Units
2015-09-28−94,892→ 0 total→ Common Stock (94,892 underlying) - Disposition to Issuer
Restricted Stock Units
2015-09-28−71,500→ 0 total→ Common Stock (71,500 underlying)
Footnotes (5)
- [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]Each unit represents a contingent right to receive one share of the Issuer's common stock.
- [F3]The vesting schedule was 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.
- [F4]No expiration date.
- [F5]1/6 of this grant was scheduled to vest on October 29, 2015 and 1/12 every six months thereafter; and additional 1/6th of this grant was scheduled to vest on October 30, 2015 and an additional 1/12 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.