SEC Form 4 · accession 0001120295-15-000087

IXIA · XXIA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Raymond de Graaf

Officer — Sr. Vice President, Operations

Period of report

Aug 17, 2015

Accepted (ET)

Aug 19, 2015 · 7:53 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
Common Stock^F1	Aug 17, 2015	M	1,563	$5.00	A	25,012	D
Common Stock	Aug 17, 2015	M	15,625	$8.88	A	40,637	D
Common Stock	Aug 17, 2015	M	15,625	$8.88	A	56,262	D
Common Stock	Aug 17, 2015	M	18,281	$12.74	A	74,543	D
Common Stock	Aug 17, 2015	M	13,124	$12.74	A	87,667	D
Common Stock	Aug 17, 2015	M	7,500	$15.47	A	95,167	D
Common Stock	Aug 17, 2015	M	25,000	$9.13	A	120,167	D
Common Stock	Aug 17, 2015	M	2,500	$11.38	A	122,667	D
Common Stock^F2	Aug 17, 2015	S	99,218	$15.685	D	23,449	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to Buy)^F3	$5.00	Aug 17, 2015	M	1,563	D	—	Feb 19, 2016	Common Stock	1,563	0	D
Employee Stock Option (Right to Buy)^F4	$8.88	Aug 17, 2015	M	15,625	D	—	Mar 12, 2017	Common Stock	15,625	0	D
Employee Stock Option (Right to Buy)^F5	$8.88	Aug 17, 2015	M	15,625	D	—	Mar 12, 2017	Common Stock	15,625	0	D
Employee Stock Option (Right to Buy)^F6	$12.74	Aug 17, 2015	M	18,281	D	—	Feb 2, 2019	Common Stock	18,281	4,219	D
Employee Stock Option (Right to Buy)^F7	$12.74	Aug 17, 2015	M	13,124	D	—	Feb 2, 2019	Common Stock	13,124	1,876	D
Employee Stock Option (Right to Buy)^F8	$15.47	Aug 17, 2015	M	7,500	D	—	Dec 12, 2019	Common Stock	7,500	4,500	D
Employee Stock Option (Right to Buy)^F9	$9.13	Aug 17, 2015	M	25,000	D	—	Oct 2, 2021	Common Stock	25,000	55,000	D
Employee Stock Option (Right to Buy)^F10	$11.38	Aug 17, 2015	M	2,500	D	—	Feb 27, 2022	Common Stock	2,500	37,500	D

Explanation of responses

F1Includes 775 shares acquired under the Ixia Employee Stock Purchase Plan on 4/30/2015.
F10Option to purchase 40,000 shares vests and becomes exercisable in 16 equal quarterly installments commencing on June 30, 2015 and one additional installment vesting on the last day of each of the 15 calendar quarters thereafter.
F2This transaction was executed in multiple trades at prices ranging from $15.635 to $15.7325. The price reported reflects the weighted average sale price. The Reporting Person has provided to the Issuer and will provide to any shareholder of the Issuer, or to the SEC Staff, upon request, information regarding the number of shares sold at each price within the range.
F3Option to purchase 25,000 shares vested and became exercisable in 16 equal quarterly installments commencing on June 30, 2009 and one additional installment vesting on the last day of each of the 15 calendar quarters thereafter.
F4Option to purchase 50,000 shares vested and became exercisable in 16 equal quarterly installments commencing on June 30, 2010 and one additional installment vesting on the last day of each of the 15 calendar quarters thereafter.
F5Option to purchase 50,000 shares vested and became exercisable cumulatively as to 25,000 shares on March 16, 2012 and as to the remaining 25,000 shares in 8 equal quarterly installments commencing on June 30, 2012 and one additional installment vesting on the last day of each of the 7 calendar quarters thereafter.
F6Option to purchase 22,500 shares vests and becomes exercisable in 16 equal quarterly installments commencing on June 30, 2012 and one additional installment vesting on the last day of each of the 15 calendar quarters thereafter.
F7Option to purchase 15,000 shares vests and becomes exercisable cumulatively as to 7,500 shares on March 1, 2014 and as to the remaining 7,500 shares in 8 equal quarterly installments commencing on March 31, 2014 and one additional installment vesting on the last day of each of the 7 calendar quarters thereafter.
F8Option to purchase 12,000 shares vests and becomes exercisable in 16 equal quarterly installments commencing on March 31, 2013 and one additional installment vesting on the last day of each of the 15 calendar quarters thereafter.
F9Option to purchase 80,000 shares vests and becomes exercisable cumulatively as to 10,000 shares on October 2, 2014 and as to the remaining 70,000 shares in 14 equal quarterly installments commencing on December 31, 2014 and one additional installment vesting on the last day of each of the 13 calendar quarters thereafter.