SEC Form 4 · accession 0001209191-17-012247
Gigamon Inc. · GIMO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shehzad Merchant
Officer — Chief Technology Officer
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 5:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001484504
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 15, 2017 | M | 7,475 | $0.00 | A | 53,121 | D | |
| Common StockF2,F3 | Feb 15, 2017 | F | 4,235 | $34.95 | D | 49,435 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-Based Restricted Stock UnitsF5,F4 | $0.00 | Feb 15, 2017 | M | 7,475 | D | — | — | Common Stock | 7,475 | 22,425 | D |
Explanation of responses
- F1Represents the shares vested upon the achievement of certain performance-based vesting criteria of the performance-based restricted stock units ("PRSUs") reported in a Form 4 filed on February 17, 2016.
- F2The reported shares were withheld to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units and PRSUs.
- F3Includes 549 shares acquired by the Reporting Person under the Issuer's 2013 Employee Stock Purchase Plan on February 15, 2017.
- F425% of the PRSUs vested on February 15, 2017 with 1/16th of the shares to vest on the 15th of each of May, August, November and February thereafter.
- F5Represents the balance of PRSUs held as restated to reflect the achievement of approximately 150% of performance criteria in the PRSU grant reported in a Form 4 filed on February 17, 2016.