SEC Form 4 · accession 0000753568-15-000123
EXAR CORP · EXAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dimitry Goder
Officer — VP, R&D
Period of report
Nov 19, 2015
Accepted (ET)
Nov 19, 2015 · 8:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000753568
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 19, 2015 | A | 10,891 | $0.00 | A | 27,891 | D | |
| Common Stock | Nov 19, 2015 | F | 1,331 | $5.86 | D | 26,560 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Goder was granted an award of 10,891 restricted stock units (RSUs) in August 2014 pursuant to the 2006 Equity Incentive Plan that is eligible to vest upon achievement of certain performance metrics for fiscal year 2016. This report reflects the achievement of 100% of the designated metrics. These shares will vest in equal amounts on November 19, 2015, September 30, 2016 and September 30, 2017 provided Mr. Goder remains actively and continuously employed with the Company through the applicable vesting dates.
- F2Transaction represents shares withheld by the issuer to cover tax withholding in connection with the restricted stock units as described in note (1) above. Pursuant to the award terms, upon vesting the issuer automatically reduces the number of shares payable in connection with the vesting of the award by the number of shares having a value equal to the tax withholding obligations arising in connection with the vesting of the award. This tax withholding transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended.