SEC Form 4 · accession 0001209191-15-025964
SILICON IMAGE INC · SIMG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Khurram P Sheikh
Officer — Chief Strategy & Tech Officer
Period of report
Mar 10, 2015
Accepted (ET)
Mar 13, 2015 · 3:25 pm EDT
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 StockF3 | Mar 10, 2015 | J | 50,000 | — | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $4.42 | Mar 10, 2015 | D | 200,000 | D | — | — | Common Stock | 200,000 | 0 | D |
| Performance SharesF2 | $0.00 | Mar 10, 2015 | D | 200,000 | D | — | — | Common Stock | 200,000 | 0 | D |
Explanation of responses
- F1This option, which provided for vesting 1/4th after one year and monthly thereafter, was assumed at the closing of the merger of Cayabyab Merger Company, a Delaware corporation, and a wholly owned subsidiary of Lattice Semiconductor Corporation, a Delaware corporation ("Lattice") with and into the Issuer (the "Merger"), and replaced with an option to purchase shares of Lattice common stock at $4.03 per share.
- F2These shares include 50,000 performance stock units, which provided for vesting in three equal annual installments, beginning 11/15/2014, which were assumed at the closing of the Merger of Lattice, and replaced with an equal number of unvested restricted stock units of Lattice, vesting to be determined by Lattice; 150,000 performance stock units, which provided for vesting in three equal annual installments, beginning 10/15/2014, which were assumed at the closing of the Merger, and replaced with 75,000 unvested restricted stock units of Lattice vesting quarterly over three years.
- F3Represents an award of 50,000 unvested restricted stock units, which provided for time-based vesting in four equal annual installments, beginning 10/15/2014, which award was assumed at the closing of the Merger, and replaced with an equal number of unvested restricted stock units of Lattice with the same vesting schedule.