SEC Form 4 · accession 0001209191-17-007316
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
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 7:17 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 stockF1 | Jan 31, 2017 | A | 23,862 | — | A | 1,757,345 | D | |
| Common stockF2 | Jan 31, 2017 | A | 22,275 | — | A | 1,779,620 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 16, 2015, pursuant to Cavium's 2007 Equity Incentive Plan, Cavium's Compensation Committee granted a two-year performance based RSU to the reporting person based on achievement of a certain milestone. The performance based RSU earned upon achievement of the certain milestone will vest and 2/3 of the underlying common stock of Cavium will be issued to the reporting person on January 31, 2017 and the remaining 1/3 will be issued to the reporting person on January 31, 2018. As determined by Cavium's Compensation Committee on January 27, 2017, the performance criteria was met at a level that caused 23,862 shares to vest, and the reporting person received 15,908 of the shares of Cavium's common stock at no cost. The remaining 7,954 shares of Cavium's common stock will be delivered to the reporting person on January 31, 2018.
- F2On February 11, 2016, pursuant to Cavium's 2007 Equity Incentive Plan, Cavium's Compensation Committee granted a one-year performance based RSU to the reporting person based on achievement of a certain milestone. The performance based RSU earned upon achievement of the certain milestone will vest and the underlying common stock of Cavium will be issued to the reporting person on January 31, 2017. As determined by Cavium's Compensation Committee on January 27, 2017, the performance criteria was met at a level that caused 22,275 shares to vest, and the reporting person received the same number of shares of Cavium's common stock at no cost.