SEC Form 4 · accession 0001120295-15-000081
IXIA · XXIA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ilan Daskal
Director
Period of report
Aug 7, 2015
Accepted (ET)
Aug 11, 2015 · 4:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001120295
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 7, 2015 | A | 6,431 | $0.00 | A | 6,431 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $15.55 | Aug 7, 2015 | A | 15,000 | A | — | Jun 1, 2022 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Restricted Stock Units for 6,431 shares vest and the shares represented thereby will be issued as to 1,607 shares on 08/15/15; 1,608 shares on 11/15/15; 1,608 shares on 02/15/16; and 1,608 shares on 05/15/16; provided, however, that if Ixia's 2016 Annual Meeting of Shareholders is held prior to 05/15/16, the final installment will vest at close of business on the business day immediately preceding the date of such Meeting. Each Restricted Stock Unit represents the right to receive one share of Ixia Common Stock to be issued and delivered on the applicable vesting date.
- F2Option to purchase 15,000 shares vests and becomes exercisable in four equal installments of 3,750 shares on each of 08/15/15, 11/15/15, 02/15/16 and 05/15/16; provided, however, that if Ixia's 2016 Annual Meeting of Shareholders is held prior to 05/15/16, the final installment will vest at close of business on the business day immediately preceding the date of such Meeting.