SEC Form 4 · accession 0001120295-16-000212
IXIA · XXIA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Errol Ginsberg
Officer — See Remarks · Director
Period of report
Dec 28, 2016
Accepted (ET)
Dec 30, 2016 · 6:05 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 Stock | Dec 28, 2016 | M | 50,625 | $8.88 | A | 52,182 | D | |
| Common Stock | Dec 28, 2016 | M | 70,000 | $8.88 | A | 122,182 | D | |
| Common StockF1 | holding | — | — | — | 4,766,328 | 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 | $8.88 | Dec 28, 2016 | M | 50,625 | D | — | Mar 12, 2017 | Common Stock | 50,625 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $8.88 | Dec 28, 2016 | M | 70,000 | D | — | Mar 12, 2017 | Common Stock | 70,000 | 0 | D |
Explanation of responses
- F1Includes 76,205 shares previously held directly by the Reporting Person and transferred to the Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999 on 11/3/2016.
- F2Option to purchase 90,000 shares vested and became exercisable in 16 equal quarterly installments commencing on 6/30/2010.
- F3Option to purchase 140,000 shares vested and became exercisable as to 70,000 shares on 3/16/2012 and as to the remaining 70,000 shares in 8 equal quarterly installments thereafter commencing on 6/30/2012.
Remarks
Reporting Person is an Officer of the Issuer and his full title is: Chairman of the Board and Chief Innovation Officer.