SEC Form 4 · accession 0001209191-15-078569
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 | Nov 2, 2015 | M | 2,500 | $0.00 | A | 28,859 | D | |
| Common StockF2,F3 | Nov 2, 2015 | F | 992 | $2.55 | D | 27,867 | D | |
| Common StockF4 | Nov 2, 2015 | M | 11,500 | $0.00 | A | 39,367 | D | |
| Common StockF5,F3 | Nov 2, 2015 | F | 4,560 | $2.55 | D | 34,807 | 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 | Nov 2, 2015 | M | 2,500 | D | — | — | Common Stock | 2,500 | 25,000 | D |
| Restricted Stock Units (RSUs)F4,F7 | $0.00 | Nov 2, 2015 | M | 11,500 | D | — | — | Common Stock | 11,500 | 0 | D |
Explanation of responses
- F12,500 Restricted Stock Units ("RSUs") issued in the grant to Dr. Dinu on 2/10/2014 vested on 11/1/2015 according to the vesting schedule previously reported.
- F2992 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 11/2/2015.
- F411,500 RSUs issued in the grant to Dr. Dinu on 3/26/2015 vested on 11/1/2015 according to the vesting schedule previously reported.
- F54,560 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 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.
- F7The RSUs vest in three quarterly installments beginning on May 1, 2015 and ending on November 1, 2015.
Remarks
The vesting date of the RSUs was November 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 November 1, 2015 were not issued until November 2, 2015, as reported in this Form 4.