SEC Form 4 · accession 0001120295-16-000137
IXIA · XXIA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Errol Ginsberg
Officer — See Remarks · Director
Period of report
Feb 26, 2016
Accepted (ET)
Mar 1, 2016 · 4:43 pm EST
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 | holding | — | — | — | 77,762 | D | ||
| Common Stock | holding | — | — | — | 4,690,123 | I | By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999 |
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)F2 | $11.39 | Feb 26, 2016 | A | 130,000 | A | — | Feb 26, 2023 | Common Stock | 130,000 | 130,000 | D |
Explanation of responses
- F1Total number of securities beneficially owned reflects a correction in the number of shares reported in Column 5, Line 1 of the Reporting Person's Form 5 filed on February 16, 2016. The number of shares reported in the Form 5 did not include 8,062 shares that, as of December 31, 2015, were subject to unvested restricted stock units.
- F2Option to purchase 130,000 shares vests and becomes exercisable in 16 equal quarterly installments commencing on June 30, 2016.
Remarks
Reporting Person is an Officer of the Issuer and his full title is: Chairman of the Board and Chief Innovation Officer.