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Filing Details

Accession Number:: 0001120295-13-000036
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-02-11 20:15:18
Reporting Period:: 2013-02-07

Filing Date:: 2013-02-11
Accepted Time:: 2013-02-11 20:15:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1120295	Ixia	XXIA	Instruments For Meas & Testing Of Electricity & Elec Signals (3825)	954635982

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1422227	Raymond Graaf De	C/O Ixia 26601 West Agoura Road Calabasas CA 91302	Vice President, Operations	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2013-02-07	6,700	$0.00	36,767	No	4	A	Direct
Common Stock	Acquisiton	2013-02-11	34,375	$8.88	71,142	No	4	M	Direct
Common Stock	Acquisiton	2013-02-11	1,562	$5.00	72,704	No	4	M	Direct
Common Stock	Acquisiton	2013-02-11	34,375	$8.88	107,079	No	4	M	Direct
Common Stock	Disposition	2013-02-11	35,937	$20.50	71,142	No	4	S	Direct
Common Stock	Disposition	2013-02-11	34,375	$20.51	36,767	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Acquisiton	2013-02-07	20,000	$0.00	20,000	$20.94
Common Stock	Employee Stock Option (right to buy)	Disposition	2013-02-11	1,562	$0.00	1,562	$5.00
Common Stock	Employee Stock Option (right to buy)	Disposition	2013-02-11	34,375	$0.00	34,375	$8.88
Common Stock	Employee Stock Option (right to buy)	Disposition	2013-02-11	34,375	$0.00	34,375	$8.88

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
20,000	2020-02-07	No	4	A	Direct
1,563	2016-02-19	No	4	M	Direct
15,625	2017-03-12	No	4	M	Direct
15,625	2017-03-12	No	4	M	Direct

Footnotes

Restricted Stock Units for 4,000 shares vest and shares will be issued in 16 equal quarterly installments with the first installment vesting on 2/15/13 and one additional installment vesting on the 15th day of the second calendar month of each of the fifteen calendar quarters thereafter. Each Restricted Stock Unit represents the right to receive one share of Ixia Common Stock to be issued and delivered upon the applicable vesting date.
This transaction was executed in multiple trades at prices ranging from $20.46 to $20.55. The price reported reflects the weighted average sale price. The Reporting Person has provided to the Issuer and will provide to any shareholder of the Issuer, or to the SEC Staff, upon request, information regarding the number of shares sold at each price within the range.
This transaction was executed in multiple trades at prices ranging from $20.49 to $20.55. The price reported reflects the weighted average sale price. The Reporting Person has provided to the Issuer and will provide to any shareholder of the Issuer, or to the SEC Staff, upon request, information regarding the number of shares sold at each price within the range.
Option to purchase 20,000 shares vests and becomes exercisable in sixteen equal quarterly installments commencing 6/30/13.
Option to purchase 25,000 shares vested and became exercisable in sixteen equal quarterly installments commencing 6/30/09.
Option to purchase 50,000 shares vested and became exercisable in sixteen equal quarterly installments commencing 6/30/10.
On March 12, 2010, the reporting person was granted an option to purchase 50,000 shares of common stock. The option became earned and eligible for vesting based on the extent to which Ixia achieved a financial performance goal (established for purposes of the option) for the Company's combined 2010 and 2011 fiscal years. The Company achieved the goal in full, and on March 16, 2012, the option became earned and eligible for vesting as to all 50,000 shares. The option vested as to 25,000 of such shares on March 16, 2012, and the remaining shares will vest and become exercisable in eight equal quarterly installments commencing June 30, 2012.