SEC Form 4 · accession 0001219210-15-000024
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 11, 2015
Accepted (ET)
Feb 13, 2015 · 6:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001219210
Table I — non-derivative securities
No Table I lines on this filing.
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 buy)F1 | $0.41 | Feb 11, 2015 | A | 365,120 | A | — | Feb 11, 2022 | Common Stock | 365,120 | 365,120 | D |
| Restricted Stock UnitsF2,F3,F4 | $0.00 | Feb 11, 2015 | A | 364,240 | A | — | — | Common Stock | 364,240 | 364,240 | D |
Explanation of responses
- F125% of the Shares subject to the option shall vest on the one year anniversary of the vesting commencement date of September 29, 2014 and 6.25% of the shares shall vest on each subsequent three (3) month anniversary of the vesting commencement date, subject to the Reporting Person continuing to be a service provider through each such date.
- F2Each restricted stock unit represents a contingent right to receive one share of IKAN common stock.
- F31/3 of this grant will vest on October 27, 2015 and 1/6 every six months thereafter. Vested shares will be delivered to the reporting person following each vest date.
- F4No expiration date.