SEC Form 4 · accession 0001219210-15-000094
IKANOS COMMUNICATIONS, INC. · IKAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Pavlov
Director · 10% Owner
Period of report
Mar 23, 2015
Accepted (ET)
Mar 25, 2015 · 6:20 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 | $17.70 | Mar 23, 2015 | D | 3,000 | D | — | Aug 24, 2019 | Common Stock | 3,000 | 0 | D |
| Director Stock Option (right to buy)F2,F3 | $19.10 | Mar 23, 2015 | D | 1,500 | D | — | Dec 21, 2016 | Common Stock | 1,500 | 0 | D |
| Director Stock Option (right to buy)F2,F4 | $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)F6,F5 | $14.10 | Mar 23, 2015 | D | 1,000 | D | — | Jun 7, 2018 | Common Stock | 1,000 | 0 | D |
| Director Stock Option (right to buy)F6,F5 | $7.50 | Mar 23, 2015 | D | 1,500 | D | — | Jun 5, 2019 | Common Stock | 1,500 | 0 | D |
| Director Stock Option (right to buy)F6,F5 | $12.40 | Mar 23, 2015 | D | 1,950 | D | — | Jun 4, 2020 | Common Stock | 1,950 | 0 | D |
| Director Stock Option (right to buy)F6,F7 | $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: 25% of the shares vest one year from the transaction date and 1/48th of the shares vest each month thereafter on the same date of the month as the vesting commencement date.
- F2On March 23, 2015, the Issuer canceled, pursuant to the Issuer's option exchange program, options granted to the Reporting Person on 08/24/2009 and 12/21/2009. In exchange for these options to cumulatively purchase 4,500 shares, the Reporting Person received a new option to purchase 3,600 shares at a lower exercise price.
- F3The canceled option provided for vesting as follows: over three years at the rate of 1/36 each month on the same day of the month as the transaction date.
- F4These options vest monthly over 24 months.
- F5The canceled option provided for vesting as follows: monthly over 12 months.
- F6On 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.
- F7These options vest monthly over 12 months.