SEC Form 4 · accession 0001190725-17-000070
EXAR CORP · EXAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Jacobowitz
Director
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 7:29 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 | Mar 1, 2017 | A | 25,667 | $0.00 | A | 25,667 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $10.79 | Mar 1, 2017 | A | 40,000 | A | Oct 1, 2017 | Oct 1, 2023 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1RSU's granted to non-employee Director which vest in four annual installments of 7,000 units each on, with respect to each year, the earlier to occur of the anniversary of the grant date or the annual meeting of the stockholders that occurs in such year (with the first such installment, in the case of a prorated award, consisting of the prorated portion of the first 7,000 units).
- F2Options granted to non-employee Director which vest in four annual installments of 10,000 units, options vest 25% per year on the anniversary date of the grant.