LOOKABAUGH TOM 4
4 · ENTROPIC COMMUNICATIONS INC · Filed Oct 4, 2011
Insider Transaction Report
Form 4
LOOKABAUGH TOM
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
2011-10-03$2.38/sh+6,250$14,875→ 6,250 total - Sale
Common Stock
2011-10-03$3.97/sh−6,250$24,840→ 0 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2011-10-03−6,250→ 200,000 totalExercise: $2.38Exp: 2019-07-01→ Common Stock (6,250 underlying)
Footnotes (3)
- [F1]The sales reported in the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2009.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.7601 to $4.20, per share. The reporting person undertakes to provide to Entropic Communications (the "Company"), any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F3]1/4th of the shares vest one year after the Vesting Commencement Date beginning July 1, 2009. 1/48th of the shares vest monthly thereafter over the next three years. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.