SEC Form 4 · accession 0001209191-16-133457
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
Jul 19, 2016
Accepted (ET)
Jul 20, 2016 · 4:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001432150
Table I — non-derivative securities
No Table I lines on this filing.
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,F3,F2,F4 | — | Jul 19, 2016 | D | 60,106 | D | — | — | Common Stock | 60,106 | 404,317 | D |
| Restricted Stock Units (RSUs)F1,F5,F2,F6 | — | Jul 19, 2016 | D | 401,250 | D | — | — | Common Stock | 401,250 | 0 | D |
| Restricted Stock Units (RSUs)F7,F2,F8 | — | Jul 19, 2016 | A | 401,250 | A | — | — | Common Stock | 401,250 | 401,250 | D |
| Restricted Stock Units (RSUs)F7,F2,F9 | — | Jul 19, 2016 | A | 39,121 | A | — | — | Common Stock | 39,121 | 39,121 | D |
Explanation of responses
- F1The Restricted Stock Units ("RSUs") were originally issued pursuant to the terms of the GigPeak 2008 Equity Incentive Plan and a Restricted Stock Unit Notice of Grant and Agreement.
- F2Each RSU represents a contingent right to receive one share of GigPeak common stock.
- F3Rescission of 60,106 RSUs which are a portion of the unvested RSUs granted in the Long Term March Award (as defined in the Company's Current Report on Form 8-K as filed with the SEC on July 20, 2016) granted on March 26, 2015.
- F4The RSUs were scheduled to vest as follows: 25% vested on May 1, 2016. The remaining 75% were scheduled to vest in twelve quarterly installments thereafter, beginning on August 1, 2016 and ending on May 1, 2019.
- F5Rescission of 401,250 RSUs which are the unvested remainder of the November Award (as defined in the Company's Current Report on Form 8-K as filed with the SEC on July 20, 2016) granted on November 23, 2015.
- F6The RSUs were scheduled to vest in eight quarterly installments beginning on February 1, 2016 and ending on November 1, 2017.
- F7The RSUs were issued pursuant to the terms of the GigPeak 2008 Equity Incentive Plan and a Restricted Stock Unit Notice of Grant and Agreement. The Company will withhold shares of stock subject to the restricted stock units at the time of vesting for the purposes of satisfying any tax withholding obligations which arise in connection with such vesting.
- F8The RSUs vest in six quarterly installments, beginning on August 1, 2016 and ending on November 1, 2017.
- F9The RSUs vest in twelve quarterly installments, beginning on August 1, 2016 and ending on May 1, 2019.
Remarks
Please see the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on July 20, 2016, for additional disclosure regarding the transactions reported in this Form 4.