SEC Form 4 · accession 0001580231-17-000004
PIXELWORKS, INC · PXLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven L Moore
Officer — VP, CFO & Treasurer
Period of report
Feb 9, 2017
Accepted (ET)
Feb 10, 2017 · 4:01 pm EST
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 | Feb 9, 2017 | M | 60,000 | $3.48 | A | 470,636 | D | |
| Common StockF1 | Feb 9, 2017 | S | 60,000 | $3.7585 | D | 410,636 | 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)F1,F2 | $3.48 | Feb 9, 2017 | M | 60,000 | D | — | Feb 10, 2017 | Common Stock | 60,000 | 0 | D |
| 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)F2 | $2.28 | holding | — | — | — | — | Feb 28, 2018 | Common Stock | 16,666 | 16,666 | D |
| Non-Qualified Stock Option (right to buy)F2 | $2.28 | holding | — | — | — | — | Mar 2, 2018 | Common Stock | 8,333 | 8,333 | D |
| Non-Qualified Stock Option (right to buy)F2 | $2.36 | holding | — | — | — | — | Feb 9, 2018 | Common Stock | 50,000 | 50,000 | D |
| Non-Qualified Stock Option (right to buy)F3 | $5.25 | holding | — | — | — | — | Jul 18, 2017 | Common Stock | 66,666 | 66,666 | D |
Explanation of responses
- F1This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Moore in November 2016 and reported on a Form 8-K filed by Pixelworks, Inc. on November 29, 2016. The Rule 10b5-1 trading plan provides for the exercise and same-day sale of expiring stock options held by Mr. Moore on a pre-specified date prior to stock option expiration.
- F2Becomes exercisable on a monthly basis over 3 years, commencing the last day of the month of the date of grant.
- F325% 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.