SEC Form 4 · accession 0001209191-16-117967
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 | May 3, 2016 | M | 15,625 | $0.00 | A | 66,027 | D | |
| Common StockF2,F3 | May 3, 2016 | F | 6,055 | $2.35 | D | 59,972 | D | |
| Common StockF4 | May 3, 2016 | M | 1,875 | $0.00 | A | 61,847 | D | |
| Common StockF5,F3 | May 3, 2016 | F | 727 | $2.35 | D | 61,120 | D | |
| Common StockF6 | May 3, 2016 | M | 940 | $0.00 | A | 62,060 | D | |
| Common StockF7,F3 | May 3, 2016 | F | 365 | $2.35 | D | 61,695 | 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 | May 3, 2016 | M | 15,625 | D | — | — | Common Stock | 15,625 | 156,250 | D |
| Restricted Stock Units (RSUs)F4,F9 | $0.00 | May 3, 2016 | M | 1,875 | D | — | — | Common Stock | 1,875 | 11,250 | D |
| Restricted Stock Units (RSUs)F6,F10 | $0.00 | May 3, 2016 | M | 940 | D | — | — | Common Stock | 940 | 1,880 | D |
Explanation of responses
- F115,625 Restricted Stock Units ("RSUs") issued in the grant to Mr. Ma on 11/13/2014 vested on 5/1/2016 according to the vesting schedule previously reported.
- F10The RSUs vest in four quarterly installments beginning on February 1, 2016 and ending on November 1, 2016, as previously reported.
- F26,055 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 5/2/2016.
- F41,875 RSUs issued in the grant to Mr. Ma on 11/19/2015 vested on 5/1/2016 according to the vesting schedule previously reported.
- F5727 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.
- F6940 RSUs issued in the grant to Mr. Ma on 1/5/2016 vested on 5/1/2016 according to the vesting schedule previously reported.
- F7365 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 November 1, 2015. The remaining 75% vest in twelve quarterly installments thereafter, beginning on February 1, 2016 and ending on February 1, 2019, as previously reported.
- F9The RSUs vest in eight quarterly installments beginning on February 1, 2016 and ending on November 1, 2017, as previously reported.
Remarks
The vesting date of the RSUs was May 1, 2016, 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 May 1, 2016 were not issued until May 3, 2016, as reported in this Form 4.