SEC Form 4 · accession 0001209191-17-023737
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
Mar 29, 2017
Accepted (ET)
Mar 30, 2017 · 7:30 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 | Mar 29, 2017 | C | 69,734 | $0.00 | D | 0 | D | |
| Common Stock | Mar 29, 2017 | C | 69,734 | $0.00 | A | 69,734 | 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,F4 | — | Mar 29, 2017 | J | 5,031 | D | — | — | Class A Common Stock | 5,031 | 0 | D |
| Restricted Stock UnitsF5,F4 | — | Mar 29, 2017 | J | 5,031 | A | — | — | Common Stock | 5,031 | 5,031 | D |
| Restricted Stock UnitsF2,F6 | — | Mar 29, 2017 | J | 6,637 | D | — | — | Class A Common Stock | 6,637 | 0 | D |
| Restricted Stock UnitsF5,F6 | — | Mar 29, 2017 | J | 6,637 | A | — | — | Common Stock | 6,637 | 6,637 | D |
| Restricted Stock UnitsF2,F7 | — | Mar 29, 2017 | J | 19,688 | D | — | — | Class A Common Stock | 19,688 | 0 | D |
| Restricted Stock UnitsF5,F7 | — | Mar 29, 2017 | J | 19,688 | A | — | — | Common Stock | 19,688 | 19,688 | D |
| Restricted Stock UnitsF2,F8 | — | Mar 29, 2017 | J | 28,708 | D | — | — | Class A Common Stock | 28,708 | 0 | D |
| Restricted Stock UnitsF5,F8 | — | Mar 29, 2017 | J | 28,708 | A | — | — | Common Stock | 28,708 | 28,708 | D |
| Restricted Stock UnitsF2,F9 | — | Mar 29, 2017 | J | 43,041 | D | — | — | Class A Common Stock | 43,041 | 0 | D |
| Restricted Stock UnitsF5,F9 | — | Mar 29, 2017 | J | 43,041 | A | — | — | Common Stock | 43,041 | 43,041 | D |
| Restricted Stock UnitsF2,F10 | — | Mar 29, 2017 | J | 23,373 | D | — | — | Class A Common Stock | 23,373 | 0 | D |
| Restricted Stock UnitsF5,F10 | — | Mar 29, 2017 | J | 23,373 | A | — | — | Common Stock | 23,373 | 23,373 | D |
| Stock Option (Right to Buy)F12 | $5.45 | Mar 29, 2017 | J | 15,000 | D | — | Nov 4, 2018 | Class A Common Stock | 15,000 | 0 | D |
| Stock Option (Right to Buy)F12 | $5.45 | Mar 29, 2017 | J | 15,000 | A | — | Nov 4, 2018 | Common Stock | 15,000 | 15,000 | D |
| Stock Option (Right to Buy)F13 | $4.81 | Mar 29, 2017 | J | 50,000 | D | — | May 10, 2019 | Class A Common Stock | 50,000 | 0 | D |
| Stock Option (Right to Buy)F13 | $4.81 | Mar 29, 2017 | J | 50,000 | A | — | May 10, 2019 | Common Stock | 50,000 | 50,000 | D |
| Stock Option (Right to Buy)F14 | $6.93 | Mar 29, 2017 | J | 43,115 | D | — | May 14, 2020 | Class A Common Stock | 43,115 | 0 | D |
| Stock Option (Right to Buy)F14 | $6.93 | Mar 29, 2017 | J | 43,115 | A | — | May 14, 2020 | Common Stock | 43,115 | 43,115 | D |
| Stock Option (Right to Buy)F15 | $9.23 | Mar 29, 2017 | J | 25,051 | D | — | Jun 2, 2021 | Class A Common Stock | 25,051 | 0 | D |
| Stock Option (Right to Buy)F15 | $9.23 | Mar 29, 2017 | J | 25,051 | A | — | Jun 2, 2021 | Common Stock | 25,051 | 25,051 | D |
Explanation of responses
- F1On March 29, 2017, each share of the Issuer's outstanding Class A Common Stock and Class B Common Stock automatically converted into one share of outstanding Common Stock pursuant to the Issuer's Amended and Restated Certificate of Incorporation.
- F10Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, one-sixteenth (1/16th) of the 23,373 RSUs subject to the award shall vest on May 20, 2017, and one-sixteenth (1/16th) of the RSUs subject shall vest on each August 20, November 20, February 20 and May 20 thereafter, such that the award will be fully vested on February 20, 2021.
- F11In connection with the conversion described in footnote (1), outstanding options denominated by Class A Common Stock issued under the Issuer's 2010 Equity Incentive Plan remain unchanged, except that they now represent a right to receive one share of the Issuer's Common Stock.
- F1230,000 options were originally granted on November 4, 2011. Subject 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 30,000 shares subject to the option vested and became exercisable on November 4, 2012, and one forty-eighth (1/48th) of the shares subject to the option vested and became exercisable each month thereafter, such that the option became fully vested and exercisable on the November 4, 2015.
- F13Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, twenty five percent (25%) of the 50,000 shares subject to the option vested and became exercisable on May 10, 2013, and an additional twenty five percent (25%) of the shares subject to the option vested and became exercisable on each successive anniversary thereafter, such that the option became fully vested and exercisable on May 10, 2016.
- F14Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, twenty five percent (25%) of the 43,115 shares subject to the option vested and became exercisable on May 14, 2014, and an additional twenty five percent (25%) of the shares subject to the option shall vest and become exercisable on each successive anniversary thereafter, such that the option shall be fully vested and exercisable on May 14, 2017.
- F15Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, one-sixteenth (1/16th) of the 25,051 shares subject to the option vested and became exercisable on August 20, 2014, and an additional one-sixteenth (1/16th) of the shares subject to the option shall vest and become exercisable on each successive November 20, February 20, May 20, and August 20 thereafter, such that the award shall be fully vested and exercisable on May 20, 2018.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3In connection with the conversion described in footnote (1), outstanding RSUs denominated by Class A Common Stock issued under the Issuer's 2010 Equity Incentive Plan remain unchanged, except that they now represent a contingent right to receive one share of the Issuer's Common Stock.
- F420,125 RSUs were originally granted on May 14, 2013. Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, twenty-five percent (25%) of the 20,125 RSUs subject to the award vested on May 20, 2014, and an additional twenty five percent (25%) of the RSUs subject to the award shall vest on each successive anniversary thereafter, such that the award shall be fully vested on May 20, 2017.
- F5Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
- F621,237 RSUs were originally granted on June 2, 2014. Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, one-sixteenth (1/16th) of the 21,237 RSUs subject to the award vested on August 20, 2014, and an additional one-sixteenth (1/16th) of the RSUs subject to the award shall vest on each successive November 20, February 20, May 20, and August 20 thereafter, such that the award shall be fully vested on May 20, 2018.
- F735,000 RSUs were originally granted on May 19, 2015. Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, one-sixteenth (1/16th) of the 35,000 RSUs subject to the award vested on August 20, 2015, and an additional one-sixteenth of the RSUs subject to the award shall vest on each successive November 20, February 20, May 20, and August 20 thereafter, such that the award shall be fully vested on May 20, 2019.
- F841,757 RSUs were originally granted on February 11, 2016. Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, one-sixteenth (1/16th) of the 41,757 RSUs vested on February 20, 2016, and one-sixteenth (1/16th) of the RSUs shall vest on each successive, May 20, August 20, November 20, and February 20 thereafter, such that the award will be fully vested on November 20, 2019.
- F9Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, ten percent (10%) of the 43,041 RSUs subject to the award shall vest on August 20, 2017; twenty percent (20%) of the RSUs subject to the award shall vest on August 20, 2018; thirty (30%) of the RSUs subject to the award shall vest on August 20, 2019; and forty (40%) of the RSUs subject to the award shall vest on August 20, 2020.