SEC Form 4 · accession 0001628280-15-000372
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
Jan 28, 2015
Accepted (ET)
Jan 29, 2015 · 4:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001219210
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 28, 2015 | M | 25,000 | $0.00 | A | 125,000 | D | |
| Common StockF1 | Jan 28, 2015 | F | 10,945 | $0.35 | D | 114,055 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F4 | — | Jan 28, 2015 | M | 25,000 | A | — | — | Comon Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1The transaction reported on this form represents the vesting of restricted stock units granted on June 9, 2014 and the withholding of shares to satisfy the tax withholding obligation associated with the vesting.
- F2The restircited stock units are convertible on a one-for-one basis into Common Stock upon vesting.
- F350% of this grant vested on January 28, 2015 and the remaining 50% will vest on April 27, 2015 subject to continued service by the Reporting Person through the vesting date. Vested shares will be delivered on the vesting date.
- F4No expiration date.