SEC Form 4 · accession 0001209191-16-095559
GigPeak, Inc. · GIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Schneider
Director
Period of report
Feb 1, 2016
Accepted (ET)
Feb 3, 2016 · 8:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001432150
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 1, 2016 | M | 1,579 | $0.00 | A | 147,679 | D | |
| Common StockF2 | Feb 1, 2016 | M | 625 | $0.00 | A | 148,304 | D | |
| Common StockF3 | Feb 1, 2016 | M | 1,250 | $0.00 | A | 149,554 | D | |
| Common StockF4 | Feb 1, 2016 | M | 6,169 | $0.00 | A | 155,723 | D | |
| Common Stock | holding | — | — | — | 12,542 | I | By the Schneider Family Trust |
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,F5 | $0.00 | Feb 1, 2016 | M | 1,579 | D | — | — | Common Stock | 1,579 | 7,895 | D |
| Restricted Stock Units (RSUs)F2,F6 | $0.00 | Feb 1, 2016 | M | 625 | D | — | — | Common Stock | 625 | 5,625 | D |
| Restricted Stock Units (RSUs)F3,F7 | $0.00 | Feb 1, 2016 | M | 1,250 | D | — | — | Common Stock | 1,250 | 8,750 | D |
| Restricted Stock Units (RSUs)F4,F8 | $0.00 | Feb 1, 2016 | M | 6,169 | D | — | — | Common Stock | 6,169 | 18,498 | D |
Explanation of responses
- F11,579 Restricted Stock Units ("RSUs") issued in the grant to Mr. Schneider on 8/1/2013 vested on 2/1/2016 according to the vesting schedule previously reported.
- F2625 RSUs issued in the grant to Mr. Schneider on 2/10/2014 vested on 2/1/2016 according to the vesting schedule previously reported.
- F31,250 RSUs issued in the grant to Mr. Schneider on 11/19/2015 vested on 2/1/2016 according to the vesting schedule previously reported.
- F46,169 RSUs issued in the grant to Mr. Schneider on 1/5/2016 vested on 2/1/2016 according to the vesting schedule previously reported.
- F5The 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.
- 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, as previously reported.
- F7The RSUs vest in eight quarterly installments beginning on February 1, 2016 and ending on November 1, 2017, as previously reported.
- F8The RSUs vest in four quarterly installments beginning on February 1, 2016 and ending on November 1, 2016, as previously reported.
Remarks
As the Company's non-employee directors are not Company employees, the Company does not have a tax withholding obligation at the time of vesting, and the individual non-employee director will be responsible for any tax obligations which arises in connection with such vesting.