SEC Form 4 · accession 0001209191-18-006525
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, 2018
Accepted (ET)
Feb 1, 2018 · 5:20 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, 2018 | A | 15,395 | — | A | 1,879,054 | D | |
| Common stockF2 | Jan 31, 2018 | A | 19,047 | — | A | 1,898,101 | 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 four-year market-based RSU to the reporting person based on achievement of certain milestones. As determined by Cavium's Compensation Committee, the milestones were met on January 31, 2018 at a level that caused 15,395 shares to be earned, and the reporting person received 11,547 of the shares of Cavium's common stock at no cost on January 31, 2018. The remaining 3,848 shares of Cavium's common stock will be delivered at no cost to the reporting person on January 31, 2019.
- F2On February 10, 2017, pursuant to Cavium's 2016 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 equally on January 31, 2018 and January 31, 2019. As determined by Cavium's Compensation Committee, the performance criteria was met at a level that caused 19,047 shares to be earned, and the reporting person received 9,523 shares of Cavium's common stock at no cost on January 31, 2018. The remaining 9,524 shares of Cavium's common stock will vest and delivered to the reporting person at no cost on January 31, 2019.