SEC Form 4 · accession 0000753568-16-000214
EXAR CORP · EXAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan A Benton
Officer — Chief Executive Officer
Period of report
Nov 9, 2016
Accepted (ET)
Nov 14, 2016 · 2:39 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 9, 2016 | A | 20,000 | $0.00 | A | 182,049 | D | |
| Common Stock | Nov 9, 2016 | A | 10,000 | $0.00 | A | 192,049 | D | |
| Common Stock | Nov 9, 2016 | F | 3,758 | $9.33 | D | 188,291 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F4 | $6.18 | Nov 9, 2016 | A | 50,000 | A | — | May 2, 2023 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Transactions represents shares granted on achieving certain specific levels for 45 consecutive trading days during FY'17. These levels and periods are set forth in form 8-K filed with the SEC on July 5, 2016.
- F2Fully vested RSU's granted under the Company's 2014 Equity Incentive Plan. This report reflects the achievement of 100% of the designated metrics.
- F3Transaction represents shares withheld by the issuer to cover tax withholding in connection with the restricted stock units as described in note (3) 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.
- F4Fully vested options granted under the Company's 2014 Equity Incentive Plan. This report reflects the achievement of 100% of the designated metrics.