SEC Form 4 · accession 0001209191-16-151994
CAVIUM, INC. · CAVM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Syed Ali
Officer — Pres., CEO, Chairman of board · Director
Period of report
Nov 21, 2016
Accepted (ET)
Nov 23, 2016 · 6:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001175609
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock | Nov 21, 2016 | M | 150,000 | $24.16 | A | 1,843,431 | D | |
| Common stockF3 | Nov 21, 2016 | S | 109,948 | $54.85 | D | 1,733,483 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option right to buyF4 | $24.16 | Nov 21, 2016 | M | 150,000 | D | Jul 6, 2010 | Jan 6, 2017 | Common stock | 150,000 | 0 | D |
Explanation of responses
- F1This was an exercise of stock options which were due to expire on January 6, 2017
- F2The sale was made under a 10b5-1 trading plan as adopted by the reporting person.
- F3Shares were sold ranging from $54.50 per share to $55.85 per share.
- F41/8th of the shares subject to the option vest on the six month anniversary of the vesting commencement date and 1/48th of the shares vest monthly thereafter over the next three and one half years.