SEC Form 4 · accession 0001219210-15-000082
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
Mar 23, 2015
Accepted (ET)
Mar 25, 2015 · 6:14 pm EDT
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)F2,F1 | $17.70 | Mar 23, 2015 | D | 42,500 | D | — | Sep 13, 2016 | Common Stock | 42,500 | 0 | D |
| Stock Option (right to buy)F2,F1 | $11.80 | Mar 23, 2015 | D | 10,000 | D | — | Nov 9, 2017 | Common Stock | 10,000 | 0 | D |
| Stock Option (right to buy)F2,F3 | $2.80 | Mar 23, 2015 | A | 42,000 | A | — | Mar 23, 2022 | Common Stock | 42,000 | 42,000 | D |
| Stock Option (right to buy)F4,F1 | $12.70 | Mar 23, 2015 | D | 4,000 | D | — | Aug 3, 2018 | Common Stock | 4,000 | 0 | D |
| Stock Option (right to buy)F4,F1 | $13.90 | Mar 23, 2015 | D | 6,000 | D | — | Oct 31, 2019 | Common Stock | 6,000 | 0 | D |
| Stock Option (right to buy)F4,F1 | $13.20 | Mar 23, 2015 | D | 6,250 | D | — | Jul 30, 2020 | Common Stock | 6,250 | 0 | D |
| Stock Option (right to buy)F4,F5 | $2.80 | Mar 23, 2015 | A | 13,000 | A | — | Mar 23, 2022 | Common Stock | 13,000 | 13,000 | D |
Explanation of responses
- F1The canceled option provided for vesting as follows: 25% of the shares subject to the option vest on the one year anniversary of the transaction date and 6.25% of the shares vest on each subsequent three (3) month anniversary of the transaction date, subject to the Reporting Person continuing to be a service provider through each such date.
- F2On March 23, 2015, the Issuer canceled, pursuant to the Issuer's option exchange program, options granted to the Reporting Person on 09/13/2009 and 11/09/2010. In exchange for these options to cumulatively purchase 52,500 shares, the Reporting Person received a new option to purchase 42,000 shares at a lower exercise price.
- F3These options vest monthly over 24 months.
- F4On March 23, 2015, the Issuer canceled, pursuant to the Issuer's option exchange program, options granted to the Reporting Person on 08/03/2011, 10/31/2012, and 07/30/13. In exchange for these options to cumulatively purchase 16,250 shares, the Reporting Person received a new option to purchase 13,000 shares at a lower exercise price.
- F5These options vest monthly over 36 months.