SEC Form 4 · accession 0001417606-15-000006
ENTROPIC COMMUNICATIONS INC · ENTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Lyle
Officer — Chief Financial Officer
Period of report
Apr 13, 2015
Accepted (ET)
Apr 14, 2015 · 8:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001227930
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 13, 2015 | M | 4,500 | $0.00 | A | 50,757 | D | |
| Common Stock | Apr 13, 2015 | F | 1,864 | $3.04 | D | 48,893 | 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 UnitF2,F3 | — | Apr 13, 2015 | M | 4,500 | D | — | — | Common Stock | 4,500 | 158,700 | D |
Explanation of responses
- F1Shares have been surrendered to the issuer to satisfy the reporting person's tax withholding obligation due on vesting of restricted stock units.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- F3The shares vested in four equal annual installments, beginning one year after the Vesting Commencement Date of April 13, 2011. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.