Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this exhibit has been filed...
Exhibit 10.44
Confidential
Confidential
treatment has been requested for portions of this exhibit. The
copy filed herewith omits the information subject to the
confidentiality request. Omissions are designated as [***]. A
complete version of this exhibit has been filed separately with
the Securities and Exchange Commission.
CONFIDENTIAL
SEVERANCE AND GENERAL RELEASE AGREEMENT
THIS CONFIDENTIAL SEVERANCE AND GENERAL RELEASE AGREEMENT (this
“Agreement”) is entered into as of the last date set
forth on the signature page hereto, and is made effective as of
August 13, 2010 (the “Effective Date”), by and
between Xxx Xxxxx (“Employee”) and Mindspeed
Technologies, Inc., a Delaware corporation
(“Mindspeed”).
RECITALS
WHEREAS, Employee is currently employed by Mindspeed as Senior
Vice President and General Manager, Wide Area Networking
(“WAN”) Communications, under an Employment Agreement
dated March 26, 2007;
WHEREAS, Employee and Mindspeed wish to arrange for
Employee’s separation from employment with Mindspeed on
mutually agreeable terms and conditions as set forth in this
Agreement;
ACCORDINGLY, the parties agree as follows:
1. Termination. Employee will
cease active full-time employment with Mindspeed on the
Effective Date. Employee shall be available as reasonably
necessary to respond and assist with various WAN transition
activities throughout the Salary Continuation Period (as defined
in Paragraph 3 below) and the Unpaid LOA Period (as defined
in Paragraph 3 below). Effective immediately upon the close
of business on the Termination Date (as defined in
Paragraph 4 below), Employee and Mindspeed will terminate
their employment relationship altogether. Employee and Mindspeed
expressly acknowledge and agree that, although the termination
of Employee’s employment will not take ultimate effect
until the Termination Date, the final decision to terminate such
employment has already been made and communicated as of the date
of execution of this Agreement. Employee acknowledges and agrees
that he has no expectation of active employment with Mindspeed
beyond the Effective Date, or of any employment relationship
with Mindspeed beyond the Termination Date.
2. Resignation. As of the
Effective Date, Employee hereby resigns his position as an
officer of Mindspeed.
3. Settlement Sum. In
consideration of Employee’s representations and releases in
this Agreement, Mindspeed will provide Employee with salary
continuation pay at one-half Employee’s current salary
level, equal to $2,650.00 per week (less applicable
withholdings) for fifty-two (52) weeks beginning on
August 14, 2010, and continuing through August 12,
2011 (the “Salary Continuation Period”). The salary
continuation payments will be made in accordance with
Mindspeed’s bi-weekly payroll schedule. At the end of the
Salary Continuation Period, Employee’s final salary
continuation check will be paid along with all accrued, unused
vacation, unless Employee opts to extend the Salary Continuation
Period by applying unused accrued vacation. If Employee opts to
extend the Salary Continuation Period by applying unused accrued
vacation, Employee will be compensated for one-half their
current salary level for a period of two times the number of
weeks of unused accrued vacation. Employee will not accrue
additional vacation hours after the Effective Date. During the
Salary Continuation Period, Mindspeed will continue to
(a) pay the premiums for Employee’s coverage under
benefit plans in which Employee is enrolled as of the Effective
Date, including Mindspeed’s group medical, dental and
vision insurance plans, which coverage may be provided under
COBRA at Mindspeed’s election, subject to Employee’s
payment of any employee contributions that would have applied if
Employee had remained an officer of Mindspeed; and (b) pay
the costs of Employee’s annual executive physical
examination, health club membership and one airline club, to the
same extent as if Employee had remained an officer of Mindspeed
during such period. Employee’s coverage under
Mindspeed’s life, long-term disability, group personal
excess liability and any supplemental insurance plans and
Employee’s participation in Mindspeed’s 401(k) plan
end on the Effective Date. Following the conclusion of the
Salary Continuation Period, and payment of any unused accrued
vacation, Employee will be placed on unpaid leave (the
“Unpaid LOA Period”) for a period of eight
(8) weeks following the Salary Continuation Period, during
which time
he will not accrue further pay, vacation or other compensation.
During the Unpaid LOA Period, Mindspeed will continue to
(a) pay the premiums for Employee’s continued coverage
under benefit plans in which Employee is enrolled as of the
Effective Date, including Mindspeed’s group medical, dental
and vision insurance plans, which coverage may be provided under
COBRA at Mindspeed’s election, subject to Employee’s
payment of any employee contributions that would have applied if
Employee had remained an officer of Mindspeed; and (b) pay
the costs of Employee’s annual executive physical
examination, health club membership and one airline club, to the
same extent as if Employee had remained an officer of Mindspeed
during such period. Additionally, Mindspeed will provide
Employee with outplacement assistance for a period of six
(6) months following the Effective Date at Mindspeed’s
expense through Right Management Consultants, or a similar firm,
at the selected firm’s office location. Mindspeed will
allow Employee to take possession of his company issued laptop,
associated licensed Microsoft software, and Blackberry personal
digital assistant. The foregoing payments and benefits will be
referred to collectively as the “Settlement Sum,” and
the parties hereto agree that the Settlement Sum provides
Employee with full recompense for any and all claims for lost or
unpaid wages, benefits, damages, interest and any other claim
related to Employee’s employment or to the separation of
such employment.
4. Stock Plans. Upon the
termination of Employee’s employment from Mindspeed at the
close of business on the last day of the Unpaid LOA Period (the
“Termination Date”), all stock options for Mindspeed
stock that have been granted to Employee under any of
Mindspeed’s stock plans and which are not vested as of the
Termination Date, shall immediately expire and shall not be
exercisable under any circumstances. Any such options that are
vested as of the Termination Date shall be exercisable for the
period of time specified in the terms of the option following
the Termination Date and shall expire and shall not be
exercisable at the end of such period if they are not exercised
within such period. All unearned restricted stock as of the
Termination Date, together with any dividends thereon, shall be
forfeited, and Employee shall have no further rights of any kind
or nature with respect thereto. Employee’s Mindspeed stock
option and restricted stock awards outstanding as of the
Effective Date are detailed in the attached Schedule A.
5. No Section 16
Reporting. Employee understands and agrees
that, as of the Effective Date, Employee shall no longer be a
Section 16 officer of Mindspeed and all such reporting by
Mindspeed on Employee’s behalf shall cease.
6. Mindspeed Proprietary
Information. Employee represents, understands
and agrees that he is subject to that certain Employment
Agreement, dated March 26, 2007, regarding Mindspeed’s
proprietary information, which he executed in connection with
his employment with Mindspeed, and that the provisions which
survive his employment are enforceable and remain in full force
and effect. Employee represents, as a material inducement to
Mindspeed to enter into this Agreement, that he has not and will
not disclose, use or misappropriate any confidential,
proprietary or trade secret information of Mindspeed to the
press, customers, analysts, investors or competitors. This
representation includes, but is not limited to, product
roadmaps, customer lists, design wins and employee lists.
Mindspeed acknowledges that Employee’s employment with any
of its competitors, in and of itself, will not constitute
disclosure. Mindspeed further acknowledges that the act of
meeting with a Mindspeed customer, in and of itself, will not
constitute disclosure, use or misappropriation of Mindspeed
proprietary information.
7. Termination of
Agreement. Employee’s change of control
Employment Agreement, if any, by and between Mindspeed and
Employee, shall be terminated, and no longer in effect as of the
Effective Date.
8. Non-Compete. During the Salary
Continuation Period and Unpaid LOA Period, Employee agrees not
to perform services for a division or unit of one of the
following companies directly competing with Mindspeed in the WAN:
[***]
[***]
[***]
In the event of Employee’s breach of this Paragraph 8,
in addition to any other remedy available by law, Mindspeed may
immediately terminate Employee’s employment for cause, and
Employee shall forfeit any unpaid remainder of the Settlement
Sum. During the Salary Continuation Period and Unpaid LOA
Period, Employee shall be permitted to perform services for one
of the foregoing companies in portions of their operations that
do not
2
directly involve WAN markets and technologies, including a Chief
Executive Officer, Chief Operating Officer, or “Group”
executive role with responsibility for multiple business units,
provided that Employee complies with his obligations under this
Paragraph 8.
9. Non-Solicit. Employee
acknowledges that, because of his position at Mindspeed, he has
access to Mindspeed’s business strategies, information
regarding customers and employees, and other valuable
proprietary information and trade secrets, and that misuse or
disclosure of such proprietary information and trade secrets
would be extremely difficult to detect or prove. Accordingly,
Employee agrees that the following restrictions are necessary to
protect Mindspeed’s trade secrets. Employee agrees that,
during the Salary Continuation Period, the Unpaid LOA and for a
period of twelve (12) months after the Termination Date,
Employee shall not directly or indirectly solicit, induce,
recruit or encourage any person employed by Mindspeed to
terminate his or her employment.
10. No Further Claims. Employee
agrees that he is not entitled to receive, and will not claim,
any additional right, benefit, payment or compensation,
including but not limited to, any claim for wages, benefits,
damages, interest, attorneys fees and costs, other than what is
expressly set forth in Paragraph 3 above, and hereby
expressly waives any right to additional rights, benefits,
payments or compensation. Employee further acknowledges that
Mindspeed makes this Agreement without any admission of
liability, and agrees, to the extent permissible by law, that he
will not defame, disparage or make false or deceptive
allegations against Mindspeed, whether to the press, employees,
customers, investors or otherwise. Any breach by Employee of
this Paragraph 10 shall constitute cause for termination,
and Employee agrees that his employment shall be terminated
immediately upon such breach. In the case of such termination,
Employee shall not receive any unpaid remainder of the
Settlement Sum (including the benefits described as part of the
Settlement Sum in Paragraph 3 above). Such termination
shall also be the equivalent of the “Termination Date”
for purposes of Paragraph 4 above. For their part, the
specific Mindspeed executives aware of this Agreement, Xxxxx X.
Xxxxx, Xxxxxxx X. Xxxxxx and Xxxx X. Xxxxxxx, agree not to
defame, disparage or make false or deceptive allegations against
Employee, whether to the press, employees, customers, investors
or otherwise, or furthermore to knowingly allow other Mindspeed
employees to defame or disparage Employee. Employee should
direct all prospective employment inquiries or requests for
employment references to either Xx. Xxxxx or
Xx. Xxxxxxx.
11. Release. In exchange for the
Settlement Sum, Employee agrees to, and by signing this
Agreement does, waive and release all claims (known and unknown)
which he might otherwise have had against Mindspeed and each of
its past and present employees, officers, directors, agents,
representatives, attorneys, insurers, related entities, assigns,
successors, and predecessors of Mindspeed, and all persons
acting by, through, under or in concert with any of them
(collectively, the “Releasees”), from any and all
charges, complaints, claims, liabilities, obligations, promises,
agreements, controversies, damages, actions, causes of action,
suits, rights, demands, costs, losses, debts and expenses
(including back wages, and attorneys’ fees and costs
actually incurred) of any nature whatsoever, known or unknown,
suspected or unsuspected, including, but not limited to, rights
arising out of alleged violations of any contract, express or
implied (including but not limited to any contract of
employment, partnership, independent contractor, fiduciary,
special or confidential relationship); any covenant of good
faith and fair dealing (express or implied); any tort, including
fraud and deceit, negligent misrepresentation, promise without
intent to perform, conversion, breach of fiduciary duty,
defamation, libel, slander, invasion of privacy, negligence,
intentional or negligent infliction of emotional distress,
malicious prosecution, abuse of process, intentional or
negligent interference with prospective economic advantage and
conspiracy; any “wrongful discharge” and
“constructive discharge” claims; any claims relating
to any breach of public policy; any violations or breaches of
corporate by-laws; any legal restrictions on Mindspeed’s
right to terminate employees or take other employment actions;
or any federal, state, local, municipal or other governmental
statute, regulation or ordinance, including, without limitation,
Title VII of the Civil Rights Act of 1964, the California
Fair Employment and Housing Act, the Americans with Disabilities
Act, and the Age Discrimination in Employment Act
(collectively “Claim” or “Claims”) arising
prior to the execution of this Agreement. This Agreement does
not waive (and the definition of “Claims” does
not include) claims for workers’ compensation or
unemployment insurance, claims for reimbursement under Labor
Code Section 2802 or claims that may not be waived as a
matter of state or federal law. In addition, this Agreement does
not limit Employee’s right to file a charge or complaint
with any state or federal agency or to participate or cooperate
in such a matter, although Employee waives and relinquishes all
rights to any monetary relief related to any such matter.
3
12. Waiver. Employee expressly
waives and relinquishes all rights and benefits afforded by
Section 1542 of the Civil Code of the State of California,
and does so understanding and acknowledging the significance of
such specific waiver of Section 1542. Section 1542 of
the Civil Code of the State of California states as follows:
“A general release does not extend to claims which the
creditor does not know or suspect to exist in his or her favor
at the time of executing the release, which if known by him or
her must have materially affected his or her settlement with the
debtor.”
Thus, notwithstanding the provisions of Section 1542, and
for the purpose of implementing a full and complete release and
discharge of all Releasees, Employee expressly acknowledges that
this Agreement is intended to include in its effect, without
limitation, all Claims which Employee does not know or suspect
to exist in his favor against the Releasees, or any of them, at
the time of execution hereof, and that this Agreement
contemplates the extinguishment of any such Claim or Claims. If
Employee hereafter institutes any legal action against the
Releasees, and each of them (except to enforce the specific
provisions of this Agreement or for any future cause of action
unrelated to Employee’s employment with Mindspeed or its
predecessor companies), Mindspeed shall be entitled to payment
from Employee of all costs, expenses and attorney’s fees
incurred as a result of such legal action.
13. No Other Promises. This
Agreement contains all of the terms, promises, representations
and understandings made between the parties. Employee agrees
that no promises, representations or inducements have been made
to him which caused him to sign this Agreement other than those
which are expressly set forth above herein.
14. Confidentiality. Employee
represents and agrees that, with the exception of any civil
judicial action where disclosure of this Agreement is ordered by
the court, or where disclosure is compelled by law or government
audit, he has and will keep the nature, terms and existence of
this Agreement and the Settlement Sum strictly confidential, and
that he has not and will not disclose, discuss or reveal any
information concerning the nature, terms and existence of this
Agreement and the Settlement Sum to any other person, entity or
organization, except that Employee may disclose this information
to his legal counsel, spouse and professional accountant.
Employee is to advise Mindspeed of any request or demand for
disclosure in any civil judicial action immediately upon
learning of it so Mindspeed will be afforded a full opportunity
to intervene, to object and to take any other action necessary
to protect the confidentiality of this Agreement and the
Settlement Sum. Employee acknowledges and agrees that Mindspeed
is permitted to disclose this Agreement and the Settlement Sum
in order to comply with any Securities and Exchange Commission
or stock exchange disclosure requirements.
15. Representations. Employee
acknowledges that he has been advised to carefully consider all
of the provisions in this Agreement before signing it. Employee
represents, acknowledges and agrees that he has fully discussed
all aspects of this Agreement with his attorneys to the full
extent he so desired; that Employee has carefully read and fully
understands all of the provisions of this Agreement; that
Employee has taken as much time as he needs for full
consideration of this Agreement; that Employee fully understands
that this Agreement releases all of his claims, both known and
unknown, against the Releasees; that Employee is voluntarily
entering into this Agreement; and that Employee has the capacity
to enter into this Agreement.
16. Age Discrimination. Employee
understands that he has a period of twenty-one (21) days to
review and consider his release of his claims of age
discrimination under the Age Discrimination in Employment
Act (“ADEA”) before signing this Agreement. Employee
further understands that he may use as much or as little of this
twenty-one (21) day period as he wishes to prior to signing
this Agreement. Employee also understands that after he signs
this Agreement he is given seven (7) days within which to
revoke the portion of this Agreement releasing his claims under
the ADEA and Mindspeed encourages Employee to seek the advice of
counsel concerning his revocation rights. Such revocation, to be
valid, must be in writing and received by Mindspeed within the
seven (7) day revocation period.
17. No Other
Representations. Employee represents and
acknowledges that in executing this Agreement, he does not rely
and has not relied upon any representation or statement not set
forth in this Agreement made by Mindspeed, the Releasees, or by
any of their agents, representatives or attorneys with regard to
the subject matter, basis or effect of this Agreement.
18. No Admission of
Liability. This Agreement shall not in any
way be construed as an admission by Mindspeed that it has acted
wrongfully with respect to Employee or any other person, or that
Employee or any other
4
person has any rights whatsoever against Mindspeed. Mindspeed
specifically disclaims any liability to or wrongful acts against
Employee or any other person, on the part of itself, its agents
or its employees, past or present.
19. Compliance with Laws. Employee
represents that he has fulfilled his ethical, legal and
professional responsibilities to Mindspeed, that he has not at
any time known or been complicit in any financial reporting
certification or board action taken in anything other than the
best interest of Mindspeed stockholders, and that he is not
aware of any liabilities, obligations, noncompliance with legal
requirements (including, but not limited to, noncompliance with
The Xxxxxxxx-Xxxxx Act or any applicable securities regulations)
or exposure of any kind on the part of Mindspeed that he has
not, as of the date of this Agreement, brought to the attention
of Mindspeed.
20. Severability. The provisions
of this Agreement are severable, and if any part of it is found
to be unenforceable, the other sections shall remain fully valid
and enforceable. This Agreement shall survive the termination of
any arrangements contained herein.
21. Governing Law. This Agreement
is made and entered into in the State of California, and shall
in all respects be interpreted, enforced and governed by and
under the laws of the State of California.
22. Entire Agreement. This
Agreement sets forth the entire agreement between the parties
hereto, and fully supersedes any and all prior agreements or
understandings between the parties hereto pertaining to the
subject matter of this Agreement. This Agreement may not be
modified, waived, rescinded or amended in any manner, except by
a writing executed by all parties to this Agreement which
clearly and specifically modifies, waives, rescinds or amends
this Agreement. This Agreement is intended to comply with the
provisions of Internal Revenue Code Section 409A
(“Code Section 409A”) and, accordingly, the
parties agree to amend this Agreement in good faith to the
extent necessary to make this Agreement comply with Code
Section 409A; provided, however, that Mindspeed makes no
representation that the amounts payable under this Agreement
will comply with Code Section 409A and makes no undertaking
to prevent Code Section 409A from applying to the amounts
payable under this Agreement or to mitigate its effects on any
payments made under this Agreement.
23. Successors and Assigns. This
Agreement shall be binding upon Employee and Mindspeed and upon
their respective heirs, administrators, representatives,
executors, successors and assigns, and shall inure to the
benefit of Employee and Mindspeed and the other Releasees and
their related entities.
24. No Assignment of
Claims. Employee represents and warrants that
he has not heretofore assigned or otherwise transferred or
subrogated, or purported to assign, transfer or subrogate, to
any person or entity, any Claim or portion thereof, or interest
therein he may have against the Releasees, and he agrees to
indemnify, defend and hold the Releasees harmless from and
against any and all liability, loss, demands, claims, damages,
costs, expenses or attorneys’ fees incurred by the
Releasees as the result of any person or entity asserting any
such right, assignment, transfer or subrogation.
25. Execution in
Counterparts. This Agreement may be executed
in one or more counterparts, any one of which shall be deemed to
be the original even if the others are not produced.
26. Joint Preparation of this
Agreement. Each party has had the opportunity
to revise, comment upon and redraft this Agreement. Accordingly,
it is agreed that no rule of construction shall apply against
any party or in favor of any party. This Agreement shall be
construed as if the parties jointly prepared this Agreement, and
any uncertainty or ambiguity shall not be interpreted against
any one party and in favor of the other.
27. Further Actions. The parties
hereto, without further consideration, shall execute and deliver
such other documents and take such other actions as may be
necessary to achieve the objectives of this Agreement. Employee
further agrees to cooperate fully in the transition of matters
under his responsibility, and to make himself reasonably
available, as necessary, to answer questions or assist in such
transitions.
PLEASE READ CAREFULLY. THIS CONFIDENTIAL SEVERANCE AND
GENERAL RELEASE AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND
UNKNOWN CLAIMS.
[Remainder
of page intentionally left blank.]
5
| By: |
/s/ Xxx
Xxxxx
|
Xxx Xxxxx
Senior Vice President, WAN
Dated: August 13, 2010
| By: |
/s/ Xxxxx
X. Xxxxx
|
Xxxxx X. Xxxxx
Chief Executive Officer
Dated: August 13, 2010
6
SCHEDULE A
(Attached
hereto)
7
Optionee
Detail Report
08/11/2010
MINDSPEED (MSPD)
All Participants Alphabetically
(Active & Inactive)
| Participant Name | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Participant ID # / Employee ID # / Employee Status / Location Code / Locale / Division / Section 16B / Insider / Term Code / Term Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Product Type / Grant Type / Plan ID / Plan Name / Client Grant ID / Product ID | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Grant Date |
Expiry Date |
Options Granted |
Xxxxx Xxxxx |
Options Outstanding |
Shares Exercisable |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Exercise Date - Type |
Options Exercised |
Exercise Price |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Vesting Date |
Shares Vested |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cancel Date - Type |
Shares Cancelled |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fidelity Stock Plan Services
LLC
Page 1 of 9
Optionee
Detail Report
08/11/2010
MINDSPEED (MSPD)
All Participants Alphabetically
(Active & Inactive)
| Participant Name | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Participant ID # / Employee ID # / Employee Status / Location Code / Locale / Division / Section 16B / Insider / Term Code / Term Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Product Type / Grant Type / Plan ID / Plan Name / Client Grant ID / Product ID | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Grant Date |
Expiry Date |
Options Granted |
Xxxxx Xxxxx |
Options Outstanding |
Shares Exercisable |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Exercise Date - Type |
Options Exercised |
Exercise Price |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Vesting Date |
Shares Vested |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cancel Date - Type |
Shares Cancelled |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXXX, XXX | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| / 402176 / Active / 645 / Domestic / / Section 16: Yes / Insider: Yes / / | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fidelity Stock Plan Services
LLC
Page 2 of 9
Optionee
Detail Report
08/11/2010
MINDSPEED (MSPD)
All Participants Alphabetically
(Active & Inactive)
| Participant Name | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Participant ID # / Employee ID # / Employee Status / Location Code / Locale / Division / Section 16B / Insider / Term Code / Term Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Product Type / Grant Type / Plan ID / Plan Name / Client Grant ID / Product ID | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Grant Date |
Expiry Date |
Options Granted |
Xxxxx Xxxxx |
Options Outstanding |
Shares Exercisable |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Exercise Date - Type |
Options Exercised |
Exercise Price |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Vesting Date |
Shares Vested |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cancel Date - Type |
Shares Cancelled |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXXX, XXX | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| / 402176 / Active / 645 / Domestic / / Section 16: Yes / Insider: Yes / / | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SO / NQ / MSPOP / MINDSPEED STOCK OPTION PL / 0714200000005 / 2003LT-70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/17/2007 | 05/172015 | 25,000 | $ | 10.60 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 520 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 6,250 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 520 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 520 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 520 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - C | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fidelity Stock Plan Services
LLC
Page 3 of 9
Optionee
Detail Report
08/11/2010
MINDSPEED (MSPD)
All Participants Alphabetically
(Active & Inactive)
| Participant Name | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Participant ID # / Employee ID # / Employee Status / Location Code / Locale / Division / Section 16B / Insider / Term Code / Term Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Product Type / Grant Type / Plan ID / Plan Name / Client Grant ID / Product ID | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Grant Date |
Expiry Date |
Options Granted |
Xxxxx Xxxxx |
Options Outstanding |
Shares Exercisable |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Exercise Date - Type |
Options Exercised |
Exercise Price |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Vesting Date |
Shares Vested |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cancel Date - Type |
Shares Cancelled |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXXX, XXX | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| / 402176 / Active / 645 / Domestic / / Section 16: Yes / Insider: Yes / / | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 520 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 520 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 - F | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fidelity Stock Plan Services
LLC
Page 4 of 9
Optionee
Detail Report
08/11/2010
MINDSPEED (MSPD)
All Participants Alphabetically
(Active & Inactive)
| Participant Name | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Participant ID # / Employee ID # / Employee Status / Location Code / Locale / Division / Section 16B / Insider / Term Code / Term Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Product Type / Grant Type / Plan ID / Plan Name / Client Grant ID / Product ID | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Grant Date |
Expiry Date |
Options Granted |
Xxxxx Xxxxx |
Options Outstanding |
Shares Exercisable |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Exercise Date - Type |
Options Exercised |
Exercise Price |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Vesting Date |
Shares Vested |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cancel Date - Type |
Shares Cancelled |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXXX, XXX | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| / 402176 / Active / 645 / Domestic / / Section 16: Yes / Insider: Yes / / | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SO / NQ / MSPOP / MINDSPEED STOCK OPTION PL / 0915400000173 / 2003LT-70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 04/30/2009 | 04/30/2017 | 35,000 | $ | 2.12 | 23,335 | 2,916 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/12/2010 - Se | 11,665 | $ | 9.6066 | 10/30/2010 | 2,917 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 01/30/2011 | 2,917 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 04/30/2011 | 2,917 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 07/30/2011 | 2,917 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 10/30/2011 | 2,916 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 01/30/2012 | 2,917 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 04/30/2012 | 2,918 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SO / NQ / MSPOP / MINDSPEED STOCK OPTION PL / 0915300000595 / 2003LT-70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2009 | 05/17/2015 | 12,500 | $ | 1.70 | 8,334 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/17/2010 - Se | 4,166 | $ | 9.5118 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2011 | 4,167 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/15/2012 | 4,167 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fidelity Stock Plan Services
LLC
Page 5 of 9
Optionee
Detail Report
08/11/2010
MINDSPEED (MSPD)
All Participants Alphabetically
(Active & Inactive)
| Participant Name | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Participant ID # / Employee ID # / Employee Status / Location Code / Locale / Division / Section 16B / Insider / Term Code / Term Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Product Type / Grant Type / Plan ID / Plan Name / Client Grant ID / Product ID | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Grant Date |
Expiry Date |
Options Granted |
Xxxxx Xxxxx |
Options Outstanding |
Shares Exercisable |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Exercise Date - Type |
Options Exercised |
Exercise Price |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Vesting Date |
Shares Vested |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cancel Date - Type |
Shares Cancelled |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXXX, XXX | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| / 402176 / Active / 645 / Domestic / / Section 16: Yes / Insider: Yes / / | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SO / NQ / MSPOP / MINDSPEED STOCK OPTION PL / 0934800000008 / 2003LT-70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11/20/2009 | 11/20/2017 | 25,000 | $ | 4.36 | 20,834 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 02/22/2010 - Se | 2,083 | $ | 8.47 | 08/20/2010 | 2,084 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 06/30/2010 - Se | 2,083 | $ | 9.50 | 11/20/2010 | 2,083 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 02/20/2011 | 2,083 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/20/2011 | 2,084 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 08/20/2011 | 2,083 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11/20/2011 | 2,083 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 02/20/2012 | 2,084 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/20/2012 | 2,083 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 08/20/2012 | 2,083 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11/20/2012 | 2,084 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RA / RSA / MSPRS / MINDSPEED RESTRICTED STK / 0714200000006 / 2003RS-75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/17/2007 | 6,250 | $ | 0.00 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11/15/2007 - F | 1,613 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fidelity Stock Plan Services
LLC
Page 6 of 9
Optionee
Detail Report
08/11/2010
MINDSPEED (MSPD)
All Participants Alphabetically
(Active & Inactive)
| Participant Name | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Participant ID # / Employee ID # / Employee Status / Location Code / Locale / Division / Section 16B / Insider / Term Code / Term Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Product Type / Grant Type / Plan ID / Plan Name / Client Grant ID / Product ID | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Grant Date |
Expiry Date |
Options Granted |
Xxxxx Xxxxx |
Options Outstanding |
Shares Exercisable |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Exercise Date - Type |
Options Exercised |
Exercise Price |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Vesting Date |
Shares Vested |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cancel Date - Type |
Shares Cancelled |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXXX, XXX | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| / 402176 / Active / 645 / Domestic / / Section 16: Yes / Insider: Yes / / | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RA / RSA / MSPRS / MINDSPEED RESTRICTED STK / 0714200000007 / 2003RS-74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/17/2007 | 15,000 | $ | 0.00 | 3,750 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 08/17/2010 | 937 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11/17/2010 | 938 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 08/17/2011 | 937 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 05/17/2011 | 938 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RA / RSA / MSPRS / MINDSPEED RESTRICTED STK / 0732300000004 / 2003RS-75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11/15/2007 | 6,250 | $ | 0.00 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11/21/2008 - C | 187 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RA / RSA / MSPRS / MINDSPEED RESTRICTED STK / 0807700000299 / 2003RS-74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 03/07/2008 | 10,000 | $ | 0.00 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fidelity Stock Plan Services
LLC
Page 7 of 9
Optionee
Detail Report
08/11/2010
MINDSPEED (MSPD)
All Participants Alphabetically
(Active & Inactive)
| Participant Name | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Participant ID # / Employee ID # / Employee Status / Location Code / Locale / Division / Section 16B / Insider / Term Code / Term Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Product Type / Grant Type / Plan ID / Plan Name / Client Grant ID / Product ID | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Grant Date |
Expiry Date |
Options Granted |
Xxxxx Xxxxx |
Options Outstanding |
Shares Exercisable |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Exercise Date - Type |
Options Exercised |
Exercise Price |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Vesting Date |
Shares Vested |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cancel Date - Type |
Shares Cancelled |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXXX, XXX | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| / 402176 / Active / 645 / Domestic / / Section 16: Yes / Insider: Yes / / | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RA / RSA / MSPRS / MINDSPEED RESTRICTED STK / 0932700000006 / 2003RS-74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11/20/2009 | 06/06/2079 | 12,500 | $ | 0.00 | 6,250 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 08/20/2010 | 3,125 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11/20/2010 | 3,125 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fidelity Stock Plan Services
LLC
Page 8 of 9
Optionee
Detail Report
08/11/2010
Grand
Totals:
|
Options |
Shares |
|||||||||||||
| Client Id | Options Granted | Outstanding | Exercisable | |||||||||||
|
MSPD
|
147,500 | 62,503 | 2,916 | |||||||||||
Fidelity Stock Plan Services
LLC
Page 9 of 9
