SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

TOUMANI ROUBEN

(Last)

(First)

(Middle)

C/O IKANOS COMMUNICATIONS

47669 FREMONT BOULEVARD

(Street)

FREMONT

94538

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/21/2005

3. Issuer Name and Ticker or Trading Symbol
IKANOS COMMUNICATIONS [ IKAN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP of Systems Engineering

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	115,833	I	By Toumani Family 2000 Trust

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series D Preferred Stock	⁽¹⁾	⁽²⁾	Common Stock	833	⁽¹⁾	D
Employee stock option (Right to buy)	⁽³⁾	10/12/2011	Common Stock	2,916	$1.08	D
Employee stock option (Right to buy)	⁽⁴⁾	06/26/2013	Common Stock	33,333	$0.48	D
Employee stock option (Right to buy)	⁽⁵⁾	06/01/2011	Common Stock	50,000	$3.84	D
Employee stock option (Right to buy)	⁽⁶⁾	07/19/2015	Common Stock	25,000	$10.2	D
Employee stock option (Right to buy)	⁽⁷⁾	08/26/2015	Common Stock	41,666	$10.2	D

Explanation of Responses:

1. Each share of Series D Preferred Stock is immediately convertible into one share of Common Stock.

2. Not applicable.

3. On October 12, 2001, the Reporting Person was granted an option to purchase 27,083 shares of Common Stock, of which 24,166 have been exercised. The option is fully exercisable from the date of grant and vests at the rate of 1/48th of the shares on September 1, 2001 and each one month anniversary thereafter.

4. On June 26, 2003, the Reporting Person was granted an option to purchase 133,333 shares of Common Stock, of which 100,000 have been exercised. The option is fully exercisable from the date of grant and vests at the rate of 12/48ths of the shares on February 1, 2003 and as to 1/48th of the shares on March 1, 2003 and each one month anniversary thereafter.

5. The option is fully exercisable from its March 1, 2005 date of grant and vests at the rate of 1/30th of the shares on August 1, 2005 and each one month anniversary thereafter.

6. The option is fully exercisable from its July 19, 2005 date of grant and vests at the rate of 1/48th of the shares on July 1, 2005 and on each one month anniversary thereafter.

7. The option is fully exercisable from its August 26, 2005 date of grant and vests at the rate of 1/4th of the shares on August 26, 2006 and as to 1/48th of the shares on each one month anniversary thereafter.

	/s/ A. Baqi Khan, by power of attorney	09/21/2005
	** 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 5 (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.
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