SEC Form 4 · accession 0001120295-17-000026

IXIA · XXIA

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

Reporting owner

Officer — Vice President Human Resources

Period of report

Mar 6, 2017

Accepted (ET)

Mar 8, 2017 · 6:23 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
Common Stock^F1	Mar 6, 2017	M	13,437	$8.88	A	40,231	D
Common Stock	Mar 6, 2017	S	13,437	$19.575	D	26,794	D
Common Stock	Mar 6, 2017	M	40,000	$8.88	A	66,794	D
Common Stock	Mar 6, 2017	S	40,000	$19.575	D	26,794	D
Common Stock^F2	Mar 6, 2017	A	22,200	$0.00	A	48,994	D
Common Stock^F3	Mar 8, 2017	S	4,152	$19.5078	D	44,842	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to Buy)^F4	$8.88	Mar 6, 2017	M	13,437	D	—	Mar 12, 2017	Common Stock	13,437	0	D
Employee Stock Option (Right to Buy)^F5	$8.88	Mar 6, 2017	M	40,000	D	—	Mar 12, 2017	Common Stock	40,000	0	D

F1Includes 1,298 shares acquired under the Ixia Employee Stock Purchase Plan on October 31, 2016.
F2On February 27, 2015, the Reporting Person was granted a target number of 14,800 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. 11,100 RSUs vested on March 6, 2017, and the remaining 11,100 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.
F3Represents shares sold to cover tax withholding obligations upon the vesting of restricted stock units.
F4Option to purchase 40,000 shares vested and became exercisable as to sixteen quarterly installments commencing on 06/30/2010.
F5Option to purchase 40,000 shares vested and became exercisable as to 20,00 shares on 03/16/2012, and the remaining shares vested and became exercisable in 8 equal quarterly installments thereafter, commencing on 06/30/2012.