FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
OCCAM NETWORKS INC/DE [ OCNW ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
3. Date of Earliest Transaction
(Month/Day/Year) 08/14/2001 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction 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 | 12/31/2009 | G | V | 800 | D | $0(1) | 11,585 | D | ||
Common Stock | 08/14/2001 | M | 5,092 | A | $2 | 16,677 | D | |||
Common Stock | 02/01/2006 | M | 3,409 | A | (2) | 20,086 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 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: 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) | $2 | 08/14/2001 | M | 5,092 | (3) | 08/30/2010 | Common Stock | 5,092 | $0 | 0 | D | ||||
Subscription Rights (right to buy)(2) | (2) | 02/01/2006 | M | 3,409 | 12/30/2005 | 02/01/2006 | Common Stock | 3,409 | $0 | 0 | D |
Explanation of Responses: |
1. The transaction reported herein is a donation of common stock by Mr. Sharer to a charitable organization in exchange for no consideration. |
2. The Company distributed to holders of its common stock non-transferable subscription rights to purchase shares of its Series A-2 convertible preferred stock at a cash subscription price of $10.00 per share. Each share of Series A-2 convertible preferred stock was convertible into shares of Occam Networks, Inc.'s common stock at a conversion price of $0.11, resulting in approximately 90.9 shares of common stock being issued upon conversion of one share of Series A-2 convertible preferred stock. Mr. Sharer acquired 1,500 shares of Series A-2 convertible preferred stock at $10.00 per share. The Series A-2 convertible preferred stock was converted into 136,350 shares of common stock (pre-split). On March 10, 2006, Occam Networks, Inc., effected a 1-for-40 stock split. Upon the 1-for-40 stock split, the 136,350 shares of common stock became 3,409 shares of common stock (post-split). |
3. Pursuant to the Occam Networks, Inc. 1999 Stock Plan Stock Option Agreement (Early Exercise), an option may be exercised in whole or in part at any time as to shares which have not yet vested. The Company has the right to repurchase unvested shares. |
/s/Jeanne Seeley, attorney-in-fact | 02/12/2010 | |
** 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 Number. |