SEC Form 4 · accession 0001140361-15-014345
INTERSIL CORP/DE · ISIL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas C Tokos
Officer — SVP, General Counsel
Period of report
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 3:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001096325
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 1, 2015 | M | 2,938 | $0.00 | A | 71,437 | D | |
| Common Stock | Apr 1, 2015 | M | 5,750 | $0.00 | A | 77,187 | D | |
| Common Stock | Apr 1, 2015 | M | 3,789 | $0.00 | A | 80,976 | D | |
| Common Stock | Apr 2, 2015 | M | 3,500 | $0.00 | A | 84,476 | D | |
| Common StockF2 | Apr 2, 2015 | M | 15,173 | $0.00 | A | 99,649 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock Units (DSUs)F3,F4,F5 | $0.00 | Apr 1, 2015 | A | 14,941 | A | — | — | Common Stock | 14,941 | 14,941 | D |
| Deferred Stock Units (DSUs)F3,F4,F5,F7 | $0.00 | Apr 1, 2015 | M | 2,938 | D | — | — | Common Stock | 2,938 | 0 | D |
| Deferred Stock Units (DSUs)F3,F4,F5,F7 | $0.00 | Apr 1, 2015 | M | 5,750 | D | — | — | Common Stock | 5,750 | 11,500 | D |
| Deferred Stock Units (DSUs)F3,F4,F5,F7 | $0.00 | Apr 1, 2015 | M | 3,789 | D | — | — | Common Stock | 3,789 | 11,367 | D |
| Deferred Stock Units (DSUs)F3,F4,F5,F7 | $0.00 | Apr 2, 2015 | M | 3,500 | D | — | — | Common Stock | 3,500 | 3,500 | D |
| Performance-Based Market Stock Units (MSUs)F8,F4,F6,F7 | $0.00 | Apr 2, 2015 | M | 15,173 | D | — | — | Common Stock | 15,173 | 0 | D |
Explanation of responses
- F1Number of shares beneficially owned includes 2367.82 shares of Intersil Common Stock that was automatically purchased on March 31, 2015 as a result of recipients participation in the Intersil Corporation Employee Stock Purchase Plan.
- F2Shares beneficially owned includes a total of 52,712 shares that recipient has elected to defer through participation in the company's deferred stock units program.
- F3Deferred Stock Units (DSUs) vest at a rate of 25% annually on each anniversary of the date of the award.
- F4Not applicable.
- F5Reflects the receipt of Common Stock upon the vesting of DSUs. Each DSU has the economic equivalent of one share of Intersil Common Stock.
- F6The number of MSUs distributed to recipient are related to an MSU award for 16,340 shares issued to recipient on April 2, 2012 with pre-established performance goals over a 3-year performance period as set by the Compensation Committee of the Board of Directors. Based on performance, the payout amount associated with this MSU award is 92.86% of the original MSU award amount.
- F7Recipient has elected to defer receipt of these shares for 5-years from the vest date; however, shares are considered beneficially owned upon vest.
- F8This MSU award cliff vests at the end of the 3-year performance period (4/2/2012 - 4/2/2015).