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Form 4 TESSERA TECHNOLOGIES For: Nov 05 Filed by: Mitchell Craig

November 7, 2014 5:17 PM EST
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 *
Mitchell Craig

(Last) (First) (Middle)
TESSERA TECHNOLOGIES, INC.
3025 ORCHARD PARKWAY

(Street)
SAN JOSE CA 95134

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TESSERA TECHNOLOGIES INC [ TSRA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CTO & President, Invensas Corp
3. Date of Earliest Transaction (Month/Day/Year)
11/05/2014
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 11/05/2014   M (1)   1,425 A $ 19.75 18,584 D  
Common Stock 11/05/2014   M (1)   3,900 A $ 20.43 22,484 D  
Common Stock 11/05/2014   S (1)   5,325 D $ 30.444 (2) 17,159 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
Stock Option (Right to Buy) $ 19.75 11/05/2014   M (1)     1,425   (3) 05/14/2018 Common Stock 1,425 $ 0 0 D  
Stock Option (Right to Buy) $ 20.43 11/05/2014   M (1)     3,900   (4) 10/13/2023 Common Stock 3,900 $ 0 11,700 D  
Explanation of Responses:
1. The transaction is made pursuant to terms of 10b5-1 plan in effect at the time of the transaction.
2. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $30.43 to $30.49 per share. Information on the actual number of shares sold at each price is available upon request.
3. Fully exercisable.
4. The option is exercisable as it vests: 1/48th of the option shares vest and become exercisable cumulatively on each monthly anniversary of October 14, 2013, so that the entire number of shares subject to this option becomes fully vested and exercisable on October 14, 2017.
/s/ Paul E. Davis, Attorney-In-Fact for Craig Mitchell 11/07/2014
** 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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