SEC Form 4 · accession 0001181431-15-007583
MAXLINEAR, INC · MXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Madhukar Reddy
Officer — VP, Central Engineering
Period of report
May 26, 2015
Accepted (ET)
May 28, 2015 · 4:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001288469
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock (par value $0.0001)F1 | May 26, 2015 | M | 19,426 | $0.2323 | A | 152,492 | D | |
| Class A Common Stock (par value $0.0001)F2 | May 26, 2015 | S | 19,426 | $9.6342 | D | 133,066 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3,F4 | $0.2323 | May 26, 2015 | M | 19,426 | D | — | Oct 28, 2015 | Class B Common Stock (par value $0.0001) | 19,426 | 0 | D |
Explanation of responses
- F1Reflects shares of Class B Common Stock converted into an equivalent number of shares of Class A Common Stock.
- F2Represents the weighted average share price of an aggregate total of 19,426 shares sold in the price range of $9.60 to $9.71 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3Shares subject to the option are fully vested and immediately exercisable.
- F4Each share of Class B Common Stock is convertible into one share of Class A Common Stock upon certain transfers and at the option of the Reporting Person. On the seventh anniversary of the closing of the Registrant's initial public offering (March 29, 2017), the Class B Common Stock and the Class A Common Stock will automatically convert into a single class of Common Stock.