SEC Form 4 · accession 0001036960-15-000002
FAIRCHILD SEMICONDUCTOR INTERNATIONAL INC · FCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul D Delva
Officer — Senior Vice President
Period of report
Feb 28, 2015
Accepted (ET)
Mar 3, 2015 · 2:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001036960
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01 per share | Feb 28, 2015 | M | 5,000 | $0.00 | A | 51,384 | D | |
| Common Stock, par value $.01 per share | Mar 1, 2015 | M | 5,000 | $0.00 | A | 56,384 | D | |
| Common Stock, par value $.01 per share | Mar 1, 2015 | M | 7,500 | $0.00 | A | 63,884 | D | |
| Common Stock, par value $.01 per share | Mar 1, 2015 | M | 11,000 | $0.00 | A | 74,884 | D | |
| Common Stock, par value $.01 per share | Mar 2, 2015 | F | 10,705 | $17.98 | D | 64,179 | D | |
| Common Stock, par value $.01 per share | holding | — | — | — | 750 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Feb 28, 2015 | M | 5,000 | D | — | — | Common Stock, par value $.01 per share | 5,000 | 0 | D |
| Restricted Stock UnitF1,F2 | — | Mar 1, 2015 | M | 5,000 | D | — | — | Common Stock, par value $.01 per share | 5,000 | 5,000 | D |
| Restricted Stock UnitF1,F2 | — | Mar 1, 2015 | M | 7,500 | D | — | — | Common Stock, par value $.01 per share | 7,500 | 15,000 | D |
| Performance UnitF3,F1,F4 | — | Mar 1, 2015 | M | 11,000 | D | — | — | Common Stock, par value $.01 per share | 11,000 | 10,998 | D |
Explanation of responses
- F1This footnote is inserted only to meet technical requirements of the SEC. Restricted Stock Units and Performance Units cannot be assigned an exercise price.
- F2Restricted Stock Units vest in 25% increments on each of the first four anniversaries of the date of grant, or earlier upon certain events. Vested Restricted Stock Units result in the delivery of one share per unit promptly following the vesting date.
- F3Reported number of Performance Units acquired, and amount of underlying securities reported, are based on achievement of 100% performance target. If company achieves 150% target or higher, reporting person will receive 150% times the reported number. If company fails to achieve 50% target, the reporting person will receive no Performance Units. If company's performance falls between two of the 50%, 100% or 150% targets, reporting person will receive a number of shares determined according to linear interpolation.
- F4Performance Units vest in the following increments, or earlier upon certain events: 33% on the first anniversary of the grant date; 33% on the second anniversary of the grant date and 34% on the third anniversary of the grant date. Performance Units have no expiration date. Vested Performance Units result in delivery of the underlying shares of common stock. All the Performance Units are forfeited if the company fails to achieve the minimum performance target.