SEC Form 4 · accession 0001209191-16-117971
GigPeak, Inc. · GIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raluca Dinu
Officer — Chief Operating Officer
Period of report
May 3, 2016
Accepted (ET)
May 5, 2016 · 9:05 pm EDT
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 | May 3, 2016 | M | 2,500 | $0.00 | A | 45,814 | D | |
| Common StockF2,F3 | May 3, 2016 | F | 992 | $2.35 | D | 44,822 | D | |
| Common StockF4 | May 3, 2016 | M | 54,087 | $0.00 | A | 98,909 | D | |
| Common StockF5,F3 | May 3, 2016 | F | 21,446 | $2.35 | D | 77,463 | D | |
| Common StockF6 | May 3, 2016 | M | 12,500 | $0.00 | A | 89,963 | D | |
| Common StockF7,F3 | May 3, 2016 | F | 4,957 | $2.35 | D | 85,006 | D | |
| Common StockF8 | May 3, 2016 | M | 710 | $0.00 | A | 85,716 | D | |
| Common StockF9,F3 | May 3, 2016 | F | 282 | $2.35 | D | 85,434 | 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,F10 | $0.00 | May 3, 2016 | M | 2,500 | D | — | — | Common Stock | 2,500 | 20,000 | D |
| Restricted Stock Units (RSUs)F4,F11 | $0.00 | May 3, 2016 | M | 54,087 | D | — | — | Common Stock | 54,087 | 162,259 | D |
| Restricted Stock Units (RSUs)F6,F12 | $0.00 | May 3, 2016 | M | 11,500 | D | — | — | Common Stock | 11,500 | 76,000 | D |
| Restricted Stock Units (RSUs)F8,F13 | $0.00 | May 3, 2016 | M | 710 | D | — | — | Common Stock | 710 | 1,420 | D |
Explanation of responses
- F12,500 Restricted Stock Units ("RSUs") issued in the grant to Dr. Dinu on 2/10/2014 vested on 5/1/2016 according to the vesting schedule previously reported.
- F10The 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.
- F11The RSUs vest as follows: 25% vested on May 1, 2016. The remaining 75% vest in twelve quarterly installments thereafter, beginning on August 1, 2016 and ending on May 1, 2019, as previously reported.
- F12The RSUs vest in eight quarterly installments beginning on February 1, 2016 and ending on November 1, 2017, as previously reported.
- F13The RSUs vest in four quarterly installments beginning on February 1, 2016 and ending on November 1, 2016, as 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 5/2/2016.
- F454,087 RSUs issued in the grant to Dr. Dinu on 3/26/2015 vested on 5/1/2016 according to the vesting schedule previously reported.
- F521,446 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.
- F612,500 RSUs issued in the grant to Dr. Dinu on 11/19/2015 vested on 5/1/2016 according to the vesting schedule previously reported.
- F74,957 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.
- F8710 RSUs issued in the grant to Dr. Dinu on 1/5/2016 vested on 5/1/2016 according to the vesting schedule previously reported.
- F9282 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.
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.