4//SEC Filing
EXAR CORP 4
Accession 0001437749-17-009328
CIK 0000753568operating
Filed
May 15, 8:00 PM ET
Accepted
May 16, 6:19 AM ET
Size
17.6 KB
Accession
0001437749-17-009328
Insider Transaction Report
Form 4
EXAR CORPEXAR
BENCUYA IZAK
Director
Transactions
- Disposition to Issuer
Common Stock
2017-05-12−28,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2017-05-12−10,000→ 0 totalExercise: $9.74Exp: 2023-10-03→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2017-05-12−10,000→ 0 totalExercise: $5.70Exp: 2022-10-01→ Common Stock (10,000 underlying) - Disposition from Tender
Common Stock
2017-05-12−45,000→ 28,000 total - Disposition to Issuer
Stock Option (right to buy)
2017-05-12−10,000→ 0 totalExercise: $8.63Exp: 2021-10-01→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2017-05-12−40,000→ 0 totalExercise: $8.16Exp: 2019-07-02→ Common Stock (40,000 underlying)
Footnotes (6)
- [F1]Tendered into and disposed of upon the closing of the tender offer initiated by Eagle Acquisition Corp. ("Purchaser") pursuant to the Agreement and Plan of Merger by and among MaxLinear, Inc. ("MaxLinear"), Purchaser (a wholly owned subsidiary of MaxLinear), and Issuer, dated as of March 28, 2017 (the "Merger Agreement"), whereby Purchaser offered to purchase each outstanding share of common stock of the Issuer ("Issuer Common Stock") for a cash payment of $13.00 per share (the "Offer Price").
- [F2]Disposed of pursuant to the Merger Agreement, whereby each vested restricted stock unit of Issuer Common Stock ("RSU") was cancelled in exchange for the right to receive a cash payment equal to the product of the Offer Price multiplied by the total number of shares subject to the vested RSU. Pursuant to the terms of the applicable RSU award agreements, the Reporting Person's RSUs became 100% vested upon the change in control of the Issuer effected by the Merger Agreement transactions.
- [F3]Disposed of pursuant to the Merger Agreement, whereby each vested option to acquire Issuer Common Stock with an exercise price less than the Offer Price was cancelled in exchange for the right to receive a cash payment equal to the product of the total number of shares subject to the vested option multiplied by the amount by which the Offer Price exceeds the exercise price per share of such vested option ($4.84). Pursuant to the terms of the applicable stock option award agreement the Reporting Person's options granted July 2, 2012 became 100% vested upon the change in control of the Issuer effected by the Merger Agreement transactions.
- [F4]Disposed of pursuant to the Merger Agreement, whereby each vested option to acquire Issuer Common Stock with an exercise price less than the Offer Price was cancelled in exchange for the right to receive a cash payment equal to the product of the total number of shares subject to the vested option multiplied by the amount by which the Offer Price exceeds the exercise price per share of such vested option ($4.37). Pursuant to the terms of the applicable stock option award agreement the Reporting Person's options granted October 1, 2014 became 100% vested upon the change in control of the Issuer effected by the Merger Agreement transactions.
- [F5]Disposed of pursuant to the Merger Agreement, whereby each vested option to acquire Issuer Common Stock with an exercise price less than the Offer Price was cancelled in exchange for the right to receive a cash payment equal to the product of the total number of shares subject to the vested option multiplied by the amount by which the Offer Price exceeds the exercise price per share of such vested option ($7.30). Pursuant to the terms of the applicable stock option award agreement the Reporting Person's options granted October 1, 2015 became 100% vested upon the change in control of the Issuer effected by the Merger Agreement transactions.
- [F6]Disposed of pursuant to the Merger Agreement, whereby each vested option to acquire Issuer Common Stock with an exercise price less than the Offer Price was cancelled in exchange for the right to receive a cash payment equal to the product of the total number of shares subject to the vested option multiplied by the amount by which the Offer Price exceeds the exercise price per share of such vested option ($3.26). Pursuant to the terms of the applicable stock option award agreement the Reporting Person's options granted October 3, 2016 became 100% vested upon the change in control of the Issuer effected by the Merger Agreement transactions.
Documents
Issuer
EXAR CORP
CIK 0000753568
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000753568
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 6:19 AM ET
- Size
- 17.6 KB