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Home/Filings/4/0001437749-17-009329
4//SEC Filing

EXAR CORP 4

Accession 0001437749-17-009329

CIK 0000753568operating
View on SEC.govCompany Profile

Filed

May 15, 8:00 PM ET

Accepted

May 16, 6:20 AM ET

Size

31.1 KB

Accession

0001437749-17-009329

Insider Transaction Report

Form 4
Period: 2017-05-12
EXAR CORPEXAR
Lin Jing
Other
Transactions
  • Disposition to Issuer

    Stock Option (right to buy)

    2017-05-12−4,000→ 0 total
    Exercise: $8.06Exp: 2019-10-01→ Common Stock (4,000 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2017-05-12−3,750→ 0 total
    Exercise: $9.40Exp: 2021-11-03→ Common Stock (3,750 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2017-05-12−6,250→ 0 total
    Exercise: $9.40Exp: 2021-11-03→ Common Stock (6,250 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2017-05-12−5,937→ 0 total
    Exercise: $5.70Exp: 2022-10-01→ Common Stock (5,937 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2017-05-12−3,750→ 0 total
    Exercise: $6.18Exp: 2023-05-02→ Common Stock (3,750 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2017-05-12−23,750→ 0 total
    Exercise: $11.46Exp: 2021-03-03→ Common Stock (23,750 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2017-05-12−11,250→ 0 total
    Exercise: $6.18Exp: 2023-05-02→ Common Stock (11,250 underlying)
  • Disposition from Tender

    Common Stock

    2017-05-12−18,842→ 33,666 total
  • Disposition to Issuer

    Common Stock

    2017-05-12−33,666→ 0 total
  • Disposition to Issuer

    Stock Option (right to buy)

    2017-05-12−10,800→ 0 total
    Exercise: $8.07Exp: 2019-05-01→ Common Stock (10,800 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2017-05-12−9,063→ 0 total
    Exercise: $5.70Exp: 2022-10-01→ Common Stock (9,063 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2017-05-12−6,250→ 0 total
    Exercise: $11.46Exp: 2021-03-03→ Common Stock (6,250 underlying)
Footnotes (9)
  • [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 unvested restricted stock unit ("RSU") award held by a continuing service provider was automatically converted into a corresponding stock unit award in that number of shares of MaxLinear's Common Stock equal to the product of the number of shares underlying the unvested Issuer RSU multiplied by the Option Exchange Ratio, rounded down to the nearest whole share, which converted stock unit awards vest by the Reporting Person's completion of the remaining service-vesting schedule or earlier by satisfaction of the terms and conditions required by MaxLinear. The Option Exchange Ratio was calculated as the quotient of the Offer Price over $28.61 (which is the volume weighted average closing price per share of MaxLinear's Common Stock as reported on the NYSE over the 10 consecutive trading days ending on the second trading immediately preceding the expiration of Purchaser's tender offer).
  • [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 ($3.60).
  • [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 ($7.30).
  • [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 ($6.82).
  • [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 ($4.93).
  • [F7]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 ($4.94).
  • [F8]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 ($1.54).
  • [F9]Disposed of pursuant to the Merger Agreement whereby each unvested option to acquire Issuer Common Stock subject only to time-based vesting and held by a continuing service provider was automatically converted into a corresponding option to purchase that number of shares of MaxLinear's Common Stock equal to the product of the number of shares underlying the Issuer option multiplied by the Option Exchange Ratio, rounded down to the nearest whole share, at an exercise price equal to the exercise price per share of Issuer Common Stock divided by the Option Exchange Ratio, rounded up to the nearest whole cent. These converted stock unit awards vest by the Reporting Person's completion of the remaining time-based vesting schedule or earlier by satisfaction of the terms and conditions required by MaxLinear.

Documents

1 file

Issuer

EXAR CORP

CIK 0000753568

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Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000753568

Filing Metadata

Form type
4
Filed
May 15, 8:00 PM ET
Accepted
May 16, 6:20 AM ET
Size
31.1 KB
View on SEC.gov