SEC Form 4 · accession 0001219210-15-000088
IKANOS COMMUNICATIONS, INC. · IKAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Smaha
Director
Period of report
Mar 23, 2015
Accepted (ET)
Mar 25, 2015 · 6:17 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (right to buy)F2,F1 | $32.10 | Mar 23, 2015 | D | 4,500 | D | — | Apr 5, 2017 | Common Stock | 4,500 | 0 | D |
| Director Stock Option (right to buy)F2,F3 | $2.80 | Mar 23, 2015 | A | 3,600 | A | — | Mar 23, 2022 | Common Stock | 3,600 | 3,600 | D |
| Director Stock Option (right to buy)F5,F4 | $14.10 | Mar 23, 2015 | D | 1,000 | D | — | Jun 7, 2018 | Common Stock | 1,000 | 0 | D |
| Director Stock Option (right to buy)F5,F4 | $7.50 | Mar 23, 2015 | D | 1,500 | D | — | Jun 5, 2019 | Common Stock | 1,500 | 0 | D |
| Director Stock Option (right to buy)F5,F4 | $12.40 | Mar 23, 2015 | D | 1,950 | D | — | Jun 4, 2020 | Common Stock | 1,950 | 0 | D |
| Director Stock Option (right to buy)F5,F6 | $2.80 | Mar 23, 2015 | A | 3,560 | A | — | Mar 23, 2022 | Common Stock | 3,560 | 3,560 | D |
Explanation of responses
- F1The canceled option provided for vesting as follows: one third on the one year anniversary of the transaction date and one twelve of the shares vest each quarter thereafter on the same day of the month as the transaction date.
- F2On March 23, 2015, the Issuer canceled, pursuant to the Issuer's option exchange program, options granted to the Reporting Person on 04/05/2010. In exchange for the option to purchase 4,500 shares, the Reporting Person received a new option to purchase 3,600 shares at a lower exercise price.
- F3These options vest monthly over 24 months.
- F4The canceled option provided for vesting as follows: monthly over 12 months.
- F5On March 23, 2015, the Issuer canceled, pursuant to the Issuer's option exchange program, options granted to the Reporting Person on 06/07/2011, 06/05/2012, and 06/04/2013. In exchange for these options to cumulatively purchase 4,450 shares, the Reporting Person received a new option to purchase 3,560 shares at a lower exercise price.
- F6These options vest monthly over 12 months.