4//SEC Filing
ENTROPIC COMMUNICATIONS INC 4
Accession 0001417606-15-000040
CIK 0001227930operating
Filed
May 3, 8:00 PM ET
Accepted
May 4, 11:53 AM ET
Size
12.3 KB
Accession
0001417606-15-000040
Insider Transaction Report
Form 4
RHODES F MATTHEW
Sr VP, Global Marketing
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2015-04-30−190,000→ 0 totalExercise: $4.29Exp: 2023-09-09→ Common Stock (190,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2015-04-30−60,000→ 0 totalExercise: $3.86Exp: 2024-04-11→ Common Stock (60,000 underlying) - Disposition to Issuer
Common Stock
2015-04-30−9,540→ 0 total - Disposition to Issuer
Restricted Stock Unit
2015-04-30−57,500→ 0 total→ Common Stock (57,500 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger and Reorganization dated as of February 3, 2015 (the Merger Agreement, and the transactions contemplated therein, the Merger), by and among the Issuer, MaxLinear, Inc. (MaxLinear), Excalibur Acquisition Corporation and Excalibur Subsidiary, LLC, whereby each share of Issuer common stock was canceled in exchange for a cash payment of $1.20 per share and .2200 of a share of MaxLinear Class A Common Stock, with fractional shares being paid in cash. The market value of MaxLinear Class A Common Stock received under the Merger Agreement was $8.53 per share on the effective date of the Merger.
- [F2]1/4th of the shares vested one year after the Vesting Commencement Date beginning 4/11/14. 1/48th of the shares vest monthly thereafter over the next three years. The option was assumed by MaxLinear in the Merger and replaced with an option to purchase 21,493 shares of MaxLinear Class A Common Stock with an exercise price of $10.78 per share.
- [F3]1/4th of the shares vested one year after the Vesting Commencement Date beginning 9/9/13. 1/48th of the shares vest monthly thereafter over the next three years. The option was assumed by MaxLinear in the Merger and replaced with an option to purchase 68,062 shares of MaxLinear Class A Common Stock with an exercise price of $11.98 per share.
- [F4]The RSU represents a contingent right to receive Issuer common stock on a one-for-one basis. The RSU, which vests in equal annual installments, was assumed by MaxLinear in the Merger and converted into restricted stock units representing a contingent right to receive an aggregate of 20,597 shares of the Class A Common Stock of MaxLinear on the same terms and conditions (including with respect to vesting and exercisability) as were applicable to the RSU prior to the consummation of the Merger.
Documents
Issuer
ENTROPIC COMMUNICATIONS INC
CIK 0001227930
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001227930
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 11:53 AM ET
- Size
- 12.3 KB