SEC Form 4 · accession 0001120295-17-000020
IXIA · XXIA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marie Hattar
Officer — Chief Marketing Officer
Period of report
Mar 6, 2017
Accepted (ET)
Mar 8, 2017 · 5:50 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 | Mar 6, 2017 | A | 24,000 | $0.00 | A | 25,734 | D | |
| Common StockF2 | Mar 8, 2017 | S | 4,687 | $19.5078 | D | 21,047 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 27, 2015, the Reporting Person was granted a target number of 16,000 performance-based Restricted Stock Units ("RSUs"). Up to 150% of the RSUs could become earned and eligible for vesting, based on the extent to which Ixia achieved a financial performance goal (established for purposes of the RSUs) for the Company's combined 2015 and 2016 fiscal years. On March 6, 2017, 150% of such RSUs became earned and eligible for vesting. 12,000 RSUs vested on March 6, 2017, and the remaining 12,000 RSUs will vest in eight equal quarterly installments, with the first installment vesting on May 15, 2017 and one additional installment vesting on the fifteenth day of the second calendar month of each calendar quarter thereafter. Each RSU represents the right to receive one share of Ixia Common Stock to be issued and delivered on or within five business days following the applicable vesting date.
- F2Represents shares sold to cover tax withholding obligations upon the vesting of restricted stock units.