SEC Form 4 · accession 0001003214-15-000025
SILICON IMAGE INC · SIMG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Seamus Meagher
Officer — VP Worldwide Sales
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 9:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001003214
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2015 | A | 32,000 | $7.26 | A | 61,357 | D | |
| Common StockF2 | Feb 23, 2015 | F | 12,422 | $7.26 | D | 48,935 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 15, 2013, the reporting person was granted 80,000 PBRSUs, with vesting subject to the Registrant's GAAP earnings per share (EPS) for the fiscal year ending on each Vesting Date (as evidenced by the Registrant's audited financial results and confirmed by the Compensation Committee) is equal to or greater than the target GAAP EPS for each such fiscal year established by the Compensation Committee. On February 23, 2015, the Compensation Committee confirmed that the Registrant audited GAAP EPS is greater than the target GAAP EPS for fiscal year 2014; therefore, these PBRSUs vested as to 40% of the total numbers of shares granted. See Registrant's Current Report on Form 8-K filed on August 12, 2013.
- F2Represents shares withheld from the released restricted stock units for the payment of applicable income and payroll withholding taxes due on release.