UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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 |
|
| ||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Incentive Stock Option (right to buy) | 05/08/2007(1) | 05/08/2013 | Common Stock | 71,718 | $ 5.47 | D | Â |
Non-Qualified Stock Option (right to buy) | 02/13/2007(2) | 11/13/2013 | Common Stock | 50,000 | $ 4.48 | D | Â |
Non-Qualified Stock Option (right to buy) | 05/08/2007(1) | 05/08/2013 | Common Stock | 63,282 | $ 5.47 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Goyal Manoj 691 SOUTH MILPITAS BLVD. MILPITAS, CA 95035 |
 |  |  VP Global Product Development |  |
By: John Westfield For: Manoj Goyal | 04/05/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | A total of 135,000 stock options were granted on 05/08/2006, of which 71,718 are Incentive Stock Options and 63,282 are Non-Qualified Stock Options. The aggregate of these options vest at the rate of 25% of the total option shares on 05/08/2007 and an additional 8.33% of the total option shares at the end of each three month period thereafter, such that the total option shares will be fully vested on 05/08/2010. |
(2) | A total of 50,000 stock options were granted on 11/13/2006. The aggregate of these options vest at the rate of 8.33% of the total option shares at the end of each three month period, such that the total option shares will be fully vested on 11/13/2009. |