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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (right to buy) | $ 10.16 | 08/25/2007 | D | 11,250 | (1) | 07/22/2013 | Common Stock | 11,250 | (1) | 0 | D | ||||
Stock Option (right to buy) | $ 8.78 | 08/25/2007 | D | 3,750 | (2) | 07/19/2014 | Common Stock | 3,750 | (2) | 0 | D | ||||
Stock Option (right to buy) | $ 3.76 | 08/25/2007 | D | 5,000 | (3) | 07/18/2015 | Common Stock | 5,000 | (3) | 0 | D | ||||
Stock Option (right to buy) | $ 6.7 | 08/25/2007 | D | 5,000 | (4) | 08/17/2016 | Common Stock | 5,000 | (4) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
REDFERN THOMAS P C/O SIPEX CORPORATION 233 SOUTH HILLVIEW DRIVE MILPITAS, CA 95035 |
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/s/ Thomas P. Redfern, by Ray Wallin, Attorney-in-Fact | 08/24/2007 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | This option, which provided for vesting of 1/4 of the shares subject to the option per year such that all of the shares subject to the option were vested and exercisable as of July 22, 2007, was, pursuant to a merger agreement between issuer and Exar Corporation, assumed by Exar Corporation in the merger (effective August 25, 2007) and replaced with an option to purchase 7,513 shares of Exar common stock at an exercise price of $15.22 per share. |
(2) | This option, which provided for vesting of 1/4 of the shares subject to the option on July 19, 2005 and 1/4 of the shares subject to the option each month thereafter such that all of the shares subject to the option will be vested and exercisable as of July 19, 2008, was assumed by Exar Corporation in the merger and replaced with an option to purchase 2,504 shares of Exar common stock at an exercise price of $13.15 per share. |
(3) | This option, which provided for vesting of 1/4 of the shares subject to the option on October 18, 2005, and 1/4 of the shares subject to the option every three months thereafter such that all of the shares subject to the option were vested and exercisable as of July 18, 2006, was assumed by Exar Corporation in the merger and replaced with an option to purchase 3,339 shares of Exar common stock at an exercise price of $5.63 per share. |
(4) | This option, which provided for vesting of 1/4 of the shares subject to the option on each of October 26, 2006, January 26, 2007, April 26, 2007, and July 26, 2007, was assumed by Exar Corporation in the merger and replaced with an option to purchase 3,339 shares of Exar common stock at an exercise price of $10.04 per share. |