SEC Form 4 · accession 0001219210-15-000018
IKANOS COMMUNICATIONS, INC. · IKAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Debajyoti Pal
Officer — Sr. Vice President & CTO
Period of report
Feb 4, 2015
Accepted (ET)
Feb 6, 2015 · 6:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001219210
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 4, 2015 | O | 145,970 | $0.41 | A | 645,970 | I | By the Pal Trust. See Footnote. |
| Common Stock | holding | — | — | — | 17,569 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription Rights (right to buy)F2 | $0.41 | Feb 4, 2015 | O | 100,000 | D | Nov 26, 2014 | Feb 4, 2015 | Common Stock | 145,970 | 0 | I |
Explanation of responses
- F1Represents the purchase of common stock pursuant to the exercise of the Reporting Person's basic subscription rights in the Issuer's rights offering pursuant to the Prospectus dated November 26, 2014 (the "Rights Offering"). Pursuant to the Rights Offering, each basic subscription right entitled the holder to purchase 1.459707 shares of the Issuer's common stock for each whole share of common stock owned at 5:00 p.m., Eastern Time, on September 26, 2014. The Rights Offering expired on February 4, 2015.
- F2The Pal Trust DTD 8/14/96 is the owner of these securities. The Reporting Person, as a trustee of the Pal Trust DTD 8/14/96, holds shared voting and dispositive power of the securities held by this trust. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest therein. The filing of this Form 4 shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, or otherwise, the Reporting Person is the beneficial owner of these securities.