SEC Form 4 · accession 0001219210-15-000056
IKANOS COMMUNICATIONS, INC. · IKAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stuart Krometis
Officer — VP, Worldwide Sales
Period of report
Feb 17, 2015
Accepted (ET)
Feb 18, 2015 · 6:10 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 | $4.10 | Feb 17, 2015 | A | 21,000 | A | — | Feb 17, 2020 | Common Stock | 21,000 | 21,000 | D |
Explanation of responses
- F1These stock options will vest over a one-year period, if at all, in two equal installments if the price of the Company's common stock during any 20 consecutive trading day period exceeds $8.20 and $12.30, respectively. Once vesting begins, these shares will vest in equal monthly installments over the one-year period after the applicable stock price goal is achieved.