SEC Form 4 · accession 0001214659-17-003026
EXAR CORP · EXAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith Alan Tainsky
Officer — Chief Financial Officer
Period of report
May 3, 2017
Accepted (ET)
May 5, 2017 · 4:48 pm EDT
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 StockF1 | May 3, 2017 | A | 17,613 | $0.00 | A | 40,946 | D | |
| Common StockF2 | May 3, 2017 | F | 6,530 | $12.99 | D | 34,416 | 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)F3 | $7.80 | May 3, 2017 | A | 30,000 | A | — | Jul 1, 2023 | Common Stock | 30,000 | 70,000 | D |
Explanation of responses
- F1RSU's granted pursuant to the 2014 Equity Plan. RSU's will vest upon grant.
- F2Transaction represents tax withholding in connection with the vesting of the restricted stock units awarded and reported in Table I of this Form 4. Pursuant to the terms of the Award, upon vesting, the issuer automatically reduces the number of shares payable in connection with the vesting of the award by a number of shares having a value equal to the tax withholding obligations arising from the vesting of the award. These tax withholding transactions are exempt under Rule 16B-3 of the Securities Exchange Act of 1934, as amended. The reporting person is reporting (using code F) the shares not issued by the issuer because of the applicable tax withholding.
- F3Options granted under the Company's 2014 Equity Incentive Plan. This report reflects the achievement of 100% of the designated matrix. The shares will vest annually over four years beginning July 1, 2017.