Torten Ron Form 4 INPHI / Ron Torten 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^*

Torten Ron

(Last) (First) (Middle)

2953 BUNKER HILL LANE, STE 300

(Street)

SANTA CLARA CA 95054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
INPHI Corp [ IPHI ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Sr. VP of Operations & IT

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2015

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	05/05/2015		M		11,384(2)	A	$9.29	100,374	D
Common Stock	05/05/2015		M		428(2)	A	$12.02	100,802	D
Common Stock	05/05/2015		M		12,187(2)	A	$12.34	112,989	D
Common Stock	05/05/2015		S		11,384(4)	D	$20.3552(5)	101,605	D
Common Stock	05/05/2015		S		12,615(4)	D	$20.3816(6)	88,990	D
Common Stock	05/05/2015		S		22,799(4)	D	$20.3814(6)	66,191	D
Common Stock	05/05/2015		F		42	D	$20.31	66,149	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)	$9.29	05/05/2015		M			11,384	(1)	04/30/2020	Common Stock	11,384	$0	0	D
Employee Stock Option (right to buy)	$12.02	05/05/2015		M			428	(1)	07/14/2020	Common Stock	428	$0	0	D
Employee Stock Option (right to buy)	$12.34	05/05/2015		M			12,187	(3)	01/18/2022	Common Stock	12,187	$0	2,813	D

Explanation of Responses:

1. The option is fully vested.

2. The exercise of options reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan.

3. This option award vests as to 25% of the shares on 1/18/13 and the remaining shares vest in 36 equal installments thereafter from 1/18/13 to 1/18/16.

4. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan.

5. Represents the weighted average sales price for a number of transactions effected at prices ranging from $20.05 to $20.99. The reporting person has provided to the issuer, and undertakes to provide upon request to the SEC staff, or any security holder of the issuer, information regarding the number of shares sold at each separate price within the range.

6. Represents the weighted average sales price for a number of transactions effected at prices ranging from $20.06 to $20.99. The reporting person has provided to the issuer, and undertakes to provide upon request to the SEC staff, or any security holder of the issuer, information regarding the number of shares sold at each separate price within the range.

	/s/ John Edmunds, attorney-in-fact	05/07/2015
	** 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).
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