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MAXLINEAR, INC — Director's Dealing 2012
May 22, 2012
31984_dirs_2012-05-22_cd0f57da-ae5a-4a1d-ac2f-e1575536f6ff.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MAXLINEAR INC (MXL)
CIK: 0001288469
Period of Report: 2012-05-18
Reporting Person: KASTNER MICHAEL (Vice President, Sales)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-05-18 | Stock Option (Right to Buy) | $9.1 | D | 12000 | Disposed | 2018-05-06 | Class A Common Stock (par value $0.0001) (12000) | Direct |
| 2012-05-18 | Restricted Stock Units | $ | A | 6000 | Acquired | 2015-05-18 | Class A Common Stock (par value $0.0001) (6000) | Direct |
Footnotes
F1: The cancelled option provided for vesting as follows: Ten percent (10%) of the shares subject to the option shall vest and become exercisable on the one (1) year anniversary of May 6, 2011, the date of grant, and, thereafter, twenty percent (20%) of the shares subject to the option shall vest and become exercisable on the two (2) year anniversary of the date of grant, thirty percent (30%) of the shares subject to the option shall vest and become exercisable on the three (3) year anniversary of the date of grant, and forty percent (40%) of the shares subject to the option shall vest and become exercisable on the four (4) year anniversary of the date of grant, such that the option shall be fully vested on the four (4) year anniversary of the date of grant, subject to the Reporting Person's continuing to be a service provider through each such date.
F2: On May 18, 2012, the Issuer cancelled, pursuant to the Issuer's option exchange program, an option granted to the Reporting Person on May 6, 2011. In exchange for the option, the Reporting Person received 6,000 restricted stock units ("RSUs").
F3: Each RSU represents the contingent right to receive one share of MaxLinear, Inc. Class A Common Stock.
F4: Subject to the Reporting Person's continuing to be a service provider through each applicable vesting date, one third (1/3rd) of the RSUs shall vest on May 18, 2013, and one third (1/3rd) of the RSUs shall vest on each successive anniversary thereafter, such that the award shall be fully vested on May 18, 2015.