SEC Form 4 · accession 0001209191-15-063863
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 | Aug 3, 2015 | M | 3,018 | $0.00 | A | 103,672 | D | |
| Common StockF2,F3 | Aug 3, 2015 | F | 1,197 | $2.31 | D | 102,475 | D | |
| Common StockF4 | Aug 3, 2015 | M | 4,750 | $0.00 | A | 107,225 | D | |
| Common StockF5,F3 | Aug 3, 2015 | F | 1,884 | $2.31 | D | 105,341 | D | |
| Common StockF6 | Aug 3, 2015 | M | 5,000 | $0.00 | A | 110,341 | D | |
| Common StockF7,F3 | Aug 3, 2015 | F | 1,983 | $2.31 | D | 108,358 | 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,F8 | $0.00 | Aug 3, 2015 | M | 3,018 | D | — | — | Common Stock | 3,018 | 21,132 | D |
| Restricted Stock Units (RSUs)F9 | $0.00 | Aug 3, 2015 | M | 4,750 | D | — | — | Common Stock | 4,750 | 52,750 | D |
| Restricted Stock Units (RSUs)F10 | $0.00 | Aug 3, 2015 | M | 5,000 | D | — | — | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F13,018 RSUs issued in the grant to Mr. Betti-Berutto on 8/1/2013 vested on 8/1/2015 according to the vesting schedule previously reported.
- F10The RSUs vest in three quarterly installments beginning on May 1, 2015 and ending on November 1, 2015.
- F21,197 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 8/3/2015.
- F44,750 RSUs issued in the grant to Mr. Betti-Berutto on 2/10/2014 vested on 8/1/2015 according to the vesting schedule previously reported.
- F51,884 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.
- F65,000 RSUs issued in the grant to Dr. Mr. Betti-Berutto on 3/26/2015 vested on 8/1/2015 according to the vesting schedule previously reported.
- F71,983 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
- F8The RSUs vest as follows: 25% vested on May 1, 2014. The remaining 75% vest in twelve quarterly installments thereafter, beginning on August 1, 2014 and ending on May 1, 2017, as previously reported.
- F9The RSUs vest as follows: 25% vested on May 1, 2015. The remaining 75% vest in twelve quarterly installments thereafter, beginning on August 1, 2015 and ending on May 1, 2018.
Remarks
The vesting date of the RSUs was August 1, 2015, as previously reported by the Issuer, which fell on a Saturday 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 August 1, 2015 were not issued until August 3, 2015, as reported in this Form 4.