SEC Form 4 · accession 0001580231-15-000023
PIXELWORKS, INC · PXLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce A Walicek
Officer — President and CEO · Director
Period of report
May 18, 2015
Accepted (ET)
May 20, 2015 · 4:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001040161
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 18, 2015 | A | 120,000 | — | A | 514,436 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F2 | $0.60 | holding | — | — | — | — | Mar 23, 2019 | Common Stock | 100,000 | 100,000 | D |
| Non-Qualified Stock Option (right to buy)F3 | $2.28 | holding | — | — | — | — | Jan 1, 2018 | Common Stock | 31,666 | 31,666 | D |
| Non-Qualified Stock Option (right to buy)F4 | $2.31 | holding | — | — | — | — | Jan 1, 2018 | Common Stock | 168,333 | 168,333 | D |
| Non-Qualified Stock Option (right to buy)F2 | $2.36 | holding | — | — | — | — | Feb 9, 2018 | Common Stock | 100,000 | 100,000 | D |
| Non-Qualified Stock Option (right to buy)F2 | $3.13 | holding | — | — | — | — | Feb 10, 2016 | Common Stock | 100,000 | 100,000 | D |
| Non-Qualified Stock Option (right to buy)F2 | $3.48 | holding | — | — | — | — | Feb 10, 2017 | Common Stock | 125,000 | 125,000 | D |
| Non-Qualified Stock Option (right to buy)F5 | $4.14 | holding | — | — | — | — | May 22, 2017 | Common Stock | 3,333 | 3,333 | D |
| Non-Qualified Stock Option (right to buy)F5 | $9.00 | holding | — | — | — | — | May 23, 2016 | Common Stock | 3,333 | 3,333 | D |
| Non-Qualified Stock Option (right to buy)F6 | $25.29 | holding | — | — | — | — | May 24, 2015 | Common Stock | 13,333 | 13,333 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the registrants's common stock. The restricted stock units will vest 33% on February 16, 2016, 33% on February 15, 2017 and 34% on February 15, 2018.
- F2Becomes exercisable on a monthly basis over 3 years, commencing the last day of the month of the date of grant.
- F35,555 shares vest 1/31/08; 5,555 shares vest 2/29/08; 5,556 shares vest 3/31/08. 15,000 shares vested 3/31/08 upon the Compensation Committee's confirmation of Mr. Walicek's achievement of company goals for the first quarter of 2008.
- F418,333 shares vest 12/31/2008. 150,000 shares vest ratably on a monthly basis thereafter over three years.
- F525% vest on the last day of the month of the first anniversary of the date of grant, with the remaining 75% vesting ratably on a monthly basis thereafter over three years.
- F6The option becomes exercisable over a 4-year period which commenced on May 24, 2005, as follows: 3,333 shares exercisable as of May 24, 2006, 277.8 shares exercisable every month thereafter for 36 months through May 24, 2009.