SEC Form 4 · accession 0001417606-15-000017
ENTROPIC COMMUNICATIONS INC · ENTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth A Merchant
Director
Period of report
Apr 22, 2015
Accepted (ET)
Apr 23, 2015 · 12:59 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 22, 2015 | M | 12,769 | $2.50 | A | 159,037 | D | |
| Common Stock | Apr 22, 2015 | M | 98,461 | $1.495 | A | 257,498 | D | |
| Common Stock | holding | — | — | — | 1,500 | I | by Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $1.495 | Apr 22, 2015 | M | 98,461 | D | — | May 17, 2017 | Common Stock | 98,461 | 0 | D |
| Non-Qualified Stock Option (right to buy)F2 | $2.50 | Apr 22, 2015 | M | 12,769 | D | — | May 19, 2019 | Common Stock | 12,769 | 0 | D |
Explanation of responses
- F11/4 of the shares vested one year after the Vesting Commencement Date beginning 5/17/07, and 1/48th of the shares vested monthly thereafter over the next three years.
- F21/12th of the shares vested each month over twelve consecutive months beginning on 5/19/09.