SEC Form 4 · accession 0001209191-18-006527
CAVIUM, INC. · CAVM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Muhammad Raghib Hussain
Officer — Chief Operating Officer
Period of report
Jan 31, 2018
Accepted (ET)
Feb 1, 2018 · 5:22 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,F2,F3 | Jan 31, 2018 | A | 12,351 | — | A | 374,553 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 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 12,351 shares to be earned, and the reporting person received 6,175 shares of Cavium's common stock at no cost on January 31, 2018. The remaining 6,176 shares of Cavium's common stock will vest and delivered to the reporting person at no cost on January 31, 2019.
- F2Both direct and indirect. See footnote 3.
- F3Of the amount of securities beneficially owned following reported transaction, 36,000 shares are owned indirectly by the reporting person through multiple family trusts.