Statement of Changes in Beneficial Ownership (4)
March 10 2015 - 5:18PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Tahernia Omid
|
2. Issuer Name
and
Ticker or Trading Symbol
IKANOS COMMUNICATIONS, INC.
[
IKAN
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
CEO and President
|
(Last)
(First)
(Middle)
C/O IKANOS COMMUNICATIONS, 47669 FREMONT BLVD.
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/7/2015
|
(Street)
FREMONT, CA 94538
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code
(Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. Code
(Instr. 8)
|
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
6. Date Exercisable and Expiration Date
|
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
|
8. Price of Derivative Security
(Instr. 5)
|
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
|
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
|
11. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
(A)
|
(D)
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
Stock Option (right to buy)
|
$4.1
(1)
|
3/7/2015
|
|
D
|
|
|
42488
(1)
|
(2)
|
2/11/2020
|
Common Stock
|
42488.0
|
$0
|
0
|
D
|
|
Stock Option (right to buy)
|
$4.1
|
3/7/2015
|
|
A
|
|
42488
|
|
(2)
|
2/11/2020
|
Common Stock
|
42488.0
|
$0
|
42488
|
D
|
|
Stock Option (right to buy)
|
$8.9
(1)
|
3/7/2015
|
|
D
|
|
|
60000
(1)
|
(3)
|
6/11/2019
|
Common Stock
|
60000.0
|
$0
|
0
|
D
|
|
Stock Option (right to buy)
|
$8.9
|
3/7/2015
|
|
A
|
|
60000
|
|
(3)
|
6/11/2019
|
Common Stock
|
60000.0
|
$0
|
60000
|
D
|
|
Stock Option (right to buy)
|
$4.1
|
3/7/2015
|
|
D
|
|
|
115000
|
(4)
|
2/17/2020
|
Common Stock
|
115000.0
|
$0
|
0
|
D
|
|
Stock Option (right to buy)
|
$4.1
|
3/7/2015
|
|
A
|
|
115000
|
|
(4)
|
2/17/2020
|
Common Stock
|
115000.0
|
$0
|
115000
|
D
|
|
Explanation of Responses:
|
(
1)
|
Reflects the reverse stock split that occurred on February 13, 2015.
|
(
2)
|
These 42,488 stock options were originally granted to the Reporting Person on 02/11/2015. On 03/07/2015, the Company modified the grant such that in the event of a change-of-control transaction or other qualified termination of employment, as defined in the Reporting Person's pre-existing agreement with the Company, these options would partially vest provided that the price of our common stock at the time of the change-of-control transaction or other qualified termination of employment was at least $5.74. The portion of the option that will partially vest is determined by a ratio of (x) the excess of the deal price over the exercise price, to (y) the excess of the applicable stock price target over the exercise price, multiplied by the number of shares subject to that tranche.
|
(
3)
|
These 60,000 stock options were originally granted to the Reporting Person on 06/11/2012, and the stock price goals were subsequently amended on 02/11/2015. On 03/07/2015, the Company modified the grant such that in the event of a change-of-control transaction or other qualified termination of employment, as defined in the Reporting Person's pre-existing agreement with the Company, these options would partially vest provided that the price of our common stock at the time of the change-of-control transaction or other qualified termination of employment was at least $5.74. The portion of the option that will partially vest is determined by a ratio of (x) the excess of the deal price over the exercise price, to (y) the excess of the applicable stock price target over the exercise price, multiplied by the number of shares subject to that tranche.
|
(
4)
|
These 115,000 stock options were originally granted to the Reporting Person on 02/17/2015. On 03/07/2015, the Company modified the grant such that in the event of a change-of-control transaction or other qualified termination of employment, as defined in the Reporting Person's pre-existing agreement with the Company, these options would partially vest provided that the price of our common stock at the time of the change-of-control transaction or other qualified termination of employment was at least $5.74. The portion of the option that will partially vest is determined by a ratio of (x) the excess of the deal price over the exercise price, to (y) the excess of the applicable stock price target over the exercise price, multiplied by the number of shares subject to that tranche.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
Tahernia Omid
C/O IKANOS COMMUNICATIONS
47669 FREMONT BLVD.
FREMONT, CA 94538
|
X
|
|
CEO and President
|
|
Signatures
|
/s/ Andrew S. Hughes, by power of attorney
|
|
3/10/2015
|
**
Signature of Reporting Person
|
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
|
*
|
If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
|
**
|
Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
|
Note:
|
File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
|
(MM) (NASDAQ:IKAN)
Historical Stock Chart
From Sep 2024 to Oct 2024
(MM) (NASDAQ:IKAN)
Historical Stock Chart
From Oct 2023 to Oct 2024