Statement of Changes in Beneficial Ownership (4)
February 18 2020 - 5:58PM
Edgar (US Regulatory)
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
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
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
*
DEBONIS TODD |
2. Issuer Name and Ticker or Trading Symbol
PIXELWORKS, INC
[
PXLW
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
226 AIRPORT PARKWAY, SUITE 595 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/13/2020 |
(Street)
SAN JOSE, CA 95110
(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 | 2/13/2020 | | A | | 250000 | A | (1) | 1123139 | D | |
Common Stock | 2/18/2020 | | F(2) | | 53329 | D | $4.7831 | 1069810 | D | |
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 |
Non-Qualified Stock Option (right to buy) | $2.46 | | | | | | | (3) | 1/4/2022 | Common Stock | 350000 | | 350000 | D | |
Explanation of Responses: |
(1) | Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock. The restricted stock units will vest 33% on February 15, 2021, 33% on February 15, 2022 and 34% on February 15, 2023. |
(2) | A portion of the tax obligation resulting from the restricted stock units released on February 14, 2020 was paid in cash by the executive officer and the remaining portion was covered by shares sold on February 18, 2020. |
(3) | 25% vests on January 31, 2017, with the remaining 75% vesting ratably on a monthly basis thereafter over three years. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
DEBONIS TODD 226 AIRPORT PARKWAY SUITE 595 SAN JOSE, CA 95110 | X |
| President and CEO |
|
Signatures
|
Todd DeBonis | | 2/18/2020 |
**Signature of Reporting Person | Date |
Pixelworks (NASDAQ:PXLW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Pixelworks (NASDAQ:PXLW)
Historical Stock Chart
From Sep 2023 to Sep 2024