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Form 4 IXIA For: Aug 17 Filed by: de Graaf Raymond

August 19, 2015 7:54 PM EDT
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
de Graaf Raymond

(Last) (First) (Middle)
C/O IXIA
26601 WEST AGOURA ROAD

(Street)
CALABASAS CA 91302

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
IXIA [ XXIA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. Vice President, Operations
3. Date of Earliest Transaction (Month/Day/Year)
08/17/2015
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
Common Stock 08/17/2015   M   1,563 A $ 5 25,012 (1) D  
Common Stock 08/17/2015   M   15,625 A $ 8.88 40,637 D  
Common Stock 08/17/2015   M   15,625 A $ 8.88 56,262 D  
Common Stock 08/17/2015   M   18,281 A $ 12.74 74,543 D  
Common Stock 08/17/2015   M   13,124 A $ 12.74 87,667 D  
Common Stock 08/17/2015   M   7,500 A $ 15.47 95,167 D  
Common Stock 08/17/2015   M   25,000 A $ 9.13 120,167 D  
Common Stock 08/17/2015   M   2,500 A $ 11.38 122,667 D  
Common Stock 08/17/2015   S   99,218 D $ 15.685 (2) 23,449 D  
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 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: 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
Employee Stock Option (Right to Buy) $ 5 08/17/2015   M     1,563   (3) 02/19/2016 Common Stock 1,563 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 8.88 08/17/2015   M     15,625   (4) 03/12/2017 Common Stock 15,625 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 8.88 08/17/2015   M     15,625   (5) 03/12/2017 Common Stock 15,625 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 12.74 08/17/2015   M     18,281   (6) 02/02/2019 Common Stock 18,281 $ 0 4,219 D  
Employee Stock Option (Right to Buy) $ 12.74 08/17/2015   M     13,124   (7) 02/02/2019 Common Stock 13,124 $ 0 1,876 D  
Employee Stock Option (Right to Buy) $ 15.47 08/17/2015   M     7,500   (8) 12/12/2019 Common Stock 7,500 $ 0 4,500 D  
Employee Stock Option (Right to Buy) $ 9.13 08/17/2015   M     25,000   (9) 10/02/2021 Common Stock 25,000 $ 0 55,000 D  
Employee Stock Option (Right to Buy) $ 11.38 08/17/2015   M     2,500   (10) 02/27/2022 Common Stock 2,500 $ 0 37,500 D  
Explanation of Responses:
1. Includes 775 shares acquired under the Ixia Employee Stock Purchase Plan on 4/30/2015.
2. This transaction was executed in multiple trades at prices ranging from $15.635 to $15.7325. The price reported reflects the weighted average sale price. The Reporting Person has provided to the Issuer and will provide to any shareholder of the Issuer, or to the SEC Staff, upon request, information regarding the number of shares sold at each price within the range.
3. Option to purchase 25,000 shares vested and became exercisable in 16 equal quarterly installments commencing on June 30, 2009 and one additional installment vesting on the last day of each of the 15 calendar quarters thereafter.
4. Option to purchase 50,000 shares vested and became exercisable in 16 equal quarterly installments commencing on June 30, 2010 and one additional installment vesting on the last day of each of the 15 calendar quarters thereafter.
5. Option to purchase 50,000 shares vested and became exercisable cumulatively as to 25,000 shares on March 16, 2012 and as to the remaining 25,000 shares in 8 equal quarterly installments commencing on June 30, 2012 and one additional installment vesting on the last day of each of the 7 calendar quarters thereafter.
6. Option to purchase 22,500 shares vests and becomes exercisable in 16 equal quarterly installments commencing on June 30, 2012 and one additional installment vesting on the last day of each of the 15 calendar quarters thereafter.
7. Option to purchase 15,000 shares vests and becomes exercisable cumulatively as to 7,500 shares on March 1, 2014 and as to the remaining 7,500 shares in 8 equal quarterly installments commencing on March 31, 2014 and one additional installment vesting on the last day of each of the 7 calendar quarters thereafter.
8. Option to purchase 12,000 shares vests and becomes exercisable in 16 equal quarterly installments commencing on March 31, 2013 and one additional installment vesting on the last day of each of the 15 calendar quarters thereafter.
9. Option to purchase 80,000 shares vests and becomes exercisable cumulatively as to 10,000 shares on October 2, 2014 and as to the remaining 70,000 shares in 14 equal quarterly installments commencing on December 31, 2014 and one additional installment vesting on the last day of each of the 13 calendar quarters thereafter.
10. Option to purchase 40,000 shares vests and becomes exercisable in 16 equal quarterly installments commencing on June 30, 2015 and one additional installment vesting on the last day of each of the 15 calendar quarters thereafter.
Raymond de Graaf 08/18/2015
** 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 Number.


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