SEC Form 4 · accession 0001181431-15-002054
GigPeak, Inc. · GIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 3, 2015 | M | 5,466 | $0.00 | A | 24,108 | D | |
| Common StockF2,F3 | Feb 3, 2015 | F | 2,344 | $1.14 | D | 21,764 | D | |
| Common StockF4 | Feb 3, 2015 | M | 2,375 | $0.00 | A | 24,139 | D | |
| Common StockF5,F3 | Feb 3, 2015 | F | 1,019 | $1.14 | D | 23,120 | 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 Units (RSUs)F1,F6 | $0.00 | Feb 3, 2015 | M | 5,466 | D | — | — | Common Stock | 5,466 | 5,459 | D |
| Restricted Stock Units (RSUs)F4,F7 | $0.00 | Feb 3, 2015 | M | 2,375 | D | — | — | Common Stock | 2,375 | 0 | D |
Explanation of responses
- F15,466 Restricted Stock Units ("RSUs") issued in the grant to Dr. Dinu on 5/1/2013 vested on 2/1/2015 according to the vesting schedule previously reported.
- F22,344 shares of Common Stock were withheld by the Company for the purposes of satisfying tax withholding obligations in connection with such vesting as previously reported by the Company.
- F3The closing price of the Company's common stock on 2/2/2015.
- F42,375 Restricted Stock Units ("RSUs") issued in the grant to Dr. Dinu on 2/10/2014 vested on 2/1/2015 according to the vesting schedule previously reported.
- F51,019 shares of Common Stock were withheld by the Company for the purposes of satisfying tax withholding obligations in connection with such vesting as previously reported by the Company.
- F6The RSUs vest in four quarterly installments beginning on May 1, 2014 and ending on February 1, 2015.
- F7The RSUs vest in eight quarterly installments beginning on August 1, 2013 and ending on May 1, 2015.
Remarks
The vesting date of the RSUs was February 1, 2015, as previously reported by the Issuer, which fell on a Sunday this year. Normally the shares will issue on the same date as the vesting date, as reported in the previously filed Form 4s for vesting of RSUs. However, when the vesting date falls on a weekend or federal holiday, due to the normal processing required by the Issuer's transfer agent, it can take up to two business days after the first business day following the vesting date for the resulting shares to be issued. Therefore the shares resulting from the vesting on February 1, 2015 were not issued until February 3, 2015, as reported in this Form 4.