SEC Form 4 · accession 0001209191-16-121641
MAXLINEAR, INC · MXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J. LaChance
Officer — Vice President, Operations
Period of report
May 17, 2016
Accepted (ET)
May 19, 2016 · 4:09 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) | May 17, 2016 | M | 15,000 | $5.45 | A | 71,396 | D | |
| Class A Common Stock (par value $0.0001)F1 | May 17, 2016 | S | 30,000 | $19.4544 | D | 41,396 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $5.45 | May 17, 2016 | M | 15,000 | D | — | Nov 4, 2018 | Class A Common Stock (par value $0.0001) | 15,000 | 15,000 | D |
Explanation of responses
- F1Represents the weighted average share price of an aggregate total of 30,000 shares sold in the price range of $19.43 to $19.52 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.
- F2Subject to the Reporting Person's continuing to be a service provider (as defined in the 2010 Equity Incentive Plan) through each such date, twenty five percent (25%) of the shares subject to the option shall vest and become exercisable on the one (1) year anniversary of November 4, 2011, and one forty-eighth of the shares subject to the option shall vest each month thereafter, such that the option shall become fully vested and exercisable on the November 4, 2015.