Betti-Berutto Andrea Form 4 GigOptix / Andrea Betti-Berutto ownership change

SEC Form 4

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

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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^*

Betti-Berutto Andrea

(Last) (First) (Middle)

130 BAYTECH DRIVE

(Street)

SAN JOSE CA 95134

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GigOptix, Inc. [ GIG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CTO

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. 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	11/02/2015		M		3,019(1)	A	$0.00	84,377	D
Common Stock	11/02/2015		F		1,198(2)	D	$2.55(3)	83,179	D
Common Stock	11/02/2015		M		4,750(4)	A	$0.00	87,929	D
Common Stock	11/02/2015		F		1,884(5)	D	$2.55(3)	86,045	D
Common Stock	11/02/2015		M		5,000(6)	A	$0.00	91,045	D
Common Stock	11/02/2015		F		1,983(7)	D	$2.55(3)	89,062	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
Restricted Stock Units (RSUs)	$0.00	11/02/2015		M			3,019(1)	(8)	(8)	Common Stock	3,019	$0.00	18,113	D
Restricted Stock Units (RSUs)	$0.00	11/02/2015		M			4,750	(9)	(9)	Common Stock	4,750	$0.00	48,000	D
Restricted Stock Units (RSUs)	$0.00	11/02/2015		M			5,000	(10)	(10)	Common Stock	5,000	$0.00	0	D

Explanation of Responses:

1. 3,018 Restricted Stock Units ("RSUs") issued in the grant to Mr. Betti-Berutto on 8/1/2013 vested on 11/1/2015 according to the vesting schedule previously reported.

2. 1,198 shares of Common Stock were withheld by the Company for the purposes of satisfying tax withholding obligations in connection with such vesting as previously reported by the Company.

3. The closing price of the Company's common stock on 11/2/2015.

4. 4,750 RSUs issued in the grant to Mr. Betti-Berutto on 2/10/2014 vested on 11/1/2015 according to the vesting schedule previously reported.

5. 1,884 shares of Common Stock were withheld by the Company for the purposes of satisfying tax withholding obligations in connection with such vesting as previously reported by the Company.

6. 5,000 RSUs issued in the grant to Dr. Mr. Betti-Berutto on 3/26/2015 vested on 11/1/2015 according to the vesting schedule previously reported.

7. 1,983 shares of Common Stock were withheld by the Company for the purposes of satisfying tax withholding obligations in connection with such vesting as previously reported by the Company

8. The RSUs vest as follows: 25% vested on May 1, 2014. The remaining 75% vest in twelve quarterly installments thereafter, beginning on August 1, 2014 and ending on May 1, 2017, as previously reported.

9. The RSUs vest as follows: 25% vested on May 1, 2015. The remaining 75% vest in twelve quarterly installments thereafter, beginning on August 1, 2015 and ending on May 1, 2018.

10. The RSUs vest in three quarterly installments beginning on May 1, 2015 and ending on November 1, 2015.

Remarks:

The vesting date of the RSUs was November 1, 2015, as previously reported by the Issuer, which fell on a Sunday this year. Normally the shares will issue on the same date as the vesting date, as reported in the previously filed Form 4s for vesting of RSUs. However, when the vesting date falls on a weekend or federal holiday, due to the normal processing required by the Issuer's transfer agent, it can take up to two business days after the first business day following the vesting date for the resulting shares to be issued. Therefore the shares resulting from the vesting on November 1, 2015 were not issued until November 2, 2015, as reported in this Form 4.

	/s/ Andrea Betti-Berutto	11/04/2015
	** Signature of Reporting Person	Date
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