FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GINSBERG ERROL
2. Issuer Name and Ticker or Trading Symbol

IXIA [ XXIA ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
See Remarks
(Last)          (First)          (Middle)

C/O IXIA, 26601 WEST AGOURA ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

12/28/2016
(Street)

CALABASAS, CA 91302
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   12/28/2016     M    50625   A $8.88   52182   D  
 
Common Stock   12/28/2016     M    70000   A $8.88   122182   D  
 
Common Stock                  4766328   (1) I   By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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)   $8.88   12/28/2016     M         50625      (2) 3/12/2017   Common Stock   50625   $0   0   D  
 
Employee Stock Option (Right to Buy)   $8.88   12/28/2016     M         70000      (3) 3/12/2017   Common Stock   70000   $0   0   D  
 

Explanation of Responses:
( 1)  Includes 76,205 shares previously held directly by the Reporting Person and transferred to the Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999 on 11/3/2016.
( 2)  Option to purchase 90,000 shares vested and became exercisable in 16 equal quarterly installments commencing on 6/30/2010.
( 3)  Option to purchase 140,000 shares vested and became exercisable as to 70,000 shares on 3/16/2012 and as to the remaining 70,000 shares in 8 equal quarterly installments thereafter commencing on 6/30/2012.

Remarks:
Reporting Person is an Officer of the Issuer and his full title is: Chairman of the Board and Chief Innovation Officer.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GINSBERG ERROL
C/O IXIA
26601 WEST AGOURA ROAD
CALABASAS, CA 91302
X
See Remarks

Signatures
Matthew Alexander, General Counsel, as Power of Attorney for Errol Ginsberg 12/30/2016
** 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 control number.
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