SEC Form 4 · accession 0001209191-16-117972
GigPeak, Inc. · GIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Avi S Katz
Officer — President and CEO · Director
Period of report
May 3, 2016
Accepted (ET)
May 5, 2016 · 9:07 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 | 8,050 | $0.00 | A | 360,113 | D | |
| Common StockF2,F3 | May 3, 2016 | F | 4,295 | $2.35 | D | 355,818 | D | |
| Common StockF4 | May 3, 2016 | M | 19,625 | $0.00 | A | 375,443 | D | |
| Common StockF5,F3 | May 3, 2016 | F | 10,470 | $2.35 | D | 364,973 | D | |
| Common StockF6 | May 3, 2016 | M | 154,808 | $0.00 | A | 519,781 | D | |
| Common StockF7,F3 | May 3, 2016 | F | 82,591 | $2.35 | D | 437,190 | D | |
| Common StockF8 | May 3, 2016 | M | 66,875 | $0.00 | A | 504,065 | D | |
| Common StockF9,F3 | May 3, 2016 | F | 35,678 | $2.35 | D | 468,387 | D | |
| Common StockF10 | May 3, 2016 | M | 14,907 | $0.00 | A | 483,294 | D | |
| Common StockF11,F3 | May 3, 2016 | F | 7,953 | $2.35 | D | 475,341 | 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,F12 | $0.00 | May 3, 2016 | M | 8,050 | D | — | — | Common Stock | 8,050 | 40,250 | D |
| Restricted Stock Units (RSUs)F4,F13 | $0.00 | May 3, 2016 | M | 19,625 | D | — | — | Common Stock | 19,625 | 176,625 | D |
| Restricted Stock Units (RSUs)F6,F14 | $0.00 | May 3, 2016 | M | 154,808 | D | — | — | Common Stock | 154,808 | 464,423 | D |
| Restricted Stock Units (RSUs)F8,F15 | $0.00 | May 3, 2016 | M | 66,875 | D | — | — | Common Stock | 66,875 | 401,250 | D |
| Restricted Stock Units (RSUs)F10,F16 | $0.00 | May 3, 2016 | M | 14,908 | D | — | — | Common Stock | 14,908 | 29,813 | D |
Explanation of responses
- F18,050 Restricted Stock Units ("RSUs") issued in the grant to Dr. Katz on 8/1/2013 vested on 5/1/2016 according to the vesting schedule previously reported.
- F1014,907 RSUs issued in the grant to Dr. Katz on 1/5/2016 vested on 5/1/2016 according to the vesting schedule previously reported.
- F117,953 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.
- F12The 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.
- F13The 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.
- F14The 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.
- F15The RSUs vest in three quarterly installments beginning on May 1, 2015 and ending on November 1, 2015, as previously reported.
- F16The RSUs vest in eight quarterly installments beginning on February 1, 2016 and ending on November 1, 2017, as previously reported.
- F24,295 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.
- F419,625 RSUs issued in the grant to Dr. Katz on 2/10/2014 vested on 5/1/2016 according to the vesting schedule previously reported.
- F510,470 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.
- F6154,808 RSUs issued in the grant to Dr. Katz on 3/26/2015 vested on 5/1/2016 according to the vesting schedule previously reported.
- F782,591 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.
- F866,875 RSUs issued in the grant to Dr. Katz on 11/19/2015 vested on 5/1/2016 according to the vesting schedule previously reported.
- F935,678 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.