0001219210-15-000070.txt : 20150310 0001219210-15-000070.hdr.sgml : 20150310 20150310172623 ACCESSION NUMBER: 0001219210-15-000070 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150307 FILED AS OF DATE: 20150310 DATE AS OF CHANGE: 20150310 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: IKANOS COMMUNICATIONS, INC. CENTRAL INDEX KEY: 0001219210 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 731721486 FISCAL YEAR END: 0103 BUSINESS ADDRESS: STREET 1: 47669 FREMONT BLVD. CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: (510) 979-0400 MAIL ADDRESS: STREET 1: 47669 FREMONT BLVD. CITY: FREMONT STATE: CA ZIP: 94538 FORMER COMPANY: FORMER CONFORMED NAME: IKANOS COMMUNICATIONS DATE OF NAME CHANGE: 20030219 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Krometis Stuart CENTRAL INDEX KEY: 0001575801 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51532 FILM NUMBER: 15690188 MAIL ADDRESS: STREET 1: 47669 FREMONT BOULEVARD CITY: FREMONT STATE: CA ZIP: 94538 4 1 wf-form4_142602277349501.xml FORM 4 X0306 4 2015-03-07 0 0001219210 IKANOS COMMUNICATIONS, INC. IKAN 0001575801 Krometis Stuart C/O IKANOS COMMUNICATIONS 47669 FREMONT BLVD. FREMONT CA 94538 0 1 0 0 VP, Worldwide Sales Stock Option (right to buy) 4.1 2015-03-07 4 D 0 21000 0 D 2020-02-17 Common Stock 21000.0 0 D Stock Option (right to buy) 4.1 2015-03-07 4 A 0 21000 0 A 2020-02-17 Common Stock 21000.0 21000 D These 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, 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 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. /s/ Andrew S. Hughes, by power of attorney 2015-03-10