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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option to purchase common stock | $ 3.73 | 08/23/2016 | D | 190,000 | (1) | 01/18/2018 | Common Stock | 190,000 | (2) | 0 | D | ||||
Option to purchase common stock | $ 3.54 | 08/23/2016 | D | 50,000 | (3) | 11/01/2017 | Common Stock | 50,000 | (2) | 0 | D | ||||
Option to purchase common stock | $ 4.46 | 08/23/2016 | D | 36,250 | (4) | 06/06/2023 | Common stock | 36,250 | (2) | 0 | D | ||||
Option to purchase common stock | $ 0.72 | 08/23/2016 | D | 157,856 | (5) | 08/23/2026 | Common Stock | 157,856 | (2) | 157,856 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SULLIVAN JAMES 3301 OLCOTT STREET SANTA CLARA, CA 95054 |
Chief Financial Officer |
/s/ C. Leitner by power of attorney | 08/25/2016 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | The canceled option provided for vesting as follows: 25% of the shares subject to the option on January 17, 2009 and as to 2.0833% of the shares subject to the option on the 17th day of each calendar month thereafter |
(2) | On August 23, 2016, the Issuer canceled, pursuant to an option exchange program, options granted to the Reporting Person on 1/18/08, 11/1/11, and 6/6/13. In exchange for these options to cumulatively purchase 276,250 shares, the Reporting Person received a new option to purchase 157,856 shares at a lower exercise price. |
(3) | The canceled option provided for vesting as follows: ratably over 48 months |
(4) | The canceled option provided for vesting as follows: 6,250, 10,000, 10,000, 7,500, 2,500 shares in fiscal years 2013, 2014, 2015, 2016 and 2017, respectively |
(5) | Option granted to replace cancelled options, pursuant to an option exchange program; vests ratably over 36 months. |