SEC Form 4 · accession 0001209191-18-013934
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
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 4:36 pm EST
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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2018 | A | 3,796 | $0.00 | A | 71,757 | D | |
| Common Stock | Feb 23, 2018 | F | 1,312 | $23.42 | D | 70,445 | D | |
| Common Stock | Feb 26, 2018 | M | 25,000 | $4.81 | A | 95,445 | D | |
| Common StockF2 | Feb 26, 2018 | S | 25,000 | $23.6283 | D | 70,445 | 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)F3 | $4.81 | Feb 26, 2018 | M | 25,000 | D | — | May 10, 2019 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Represents shares of Common Stock issued to the reporting person for the 2017 performance period under the Company's Executive Incentive Bonus Plan (the "Bonus Plan"). All shares were issued pursuant to the Company's 2010 Equity Incentive Plan. Grant amounts were determined based on the award amount earned under the Bonus Plan and the closing price of the Company's Common Stock in trading on the New York Stock Exchange on February 23, 2018.
- F2Represents the weighted average share price of an aggregate total of 25,000 shares sold in the price range of $23.40 to $23.78 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.
- F3Subject 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.