SEC Form 4 · accession 0001140361-16-060285
INTERSIL CORP/DE · ISIL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Necip Sayiner
Officer — President and CEO · Director
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 4:54 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 Stock | Apr 1, 2016 | M | 108,250 | $0.00 | A | 279,775 | D | |
| Common Stock | Apr 1, 2016 | F | 46,221 | $13.41 | D | 233,554 | D | |
| Common Stock | Apr 1, 2016 | M | 26,123 | $0.00 | A | 259,677 | D | |
| Common Stock | Apr 1, 2016 | F | 13,631 | $13.41 | D | 246,046 | D | |
| Common Stock | Apr 1, 2016 | M | 30,731 | $0.00 | A | 276,777 | D | |
| Common Stock | Apr 1, 2016 | F | 16,036 | $13.41 | D | 260,741 | D | |
| Common StockF5 | Apr 1, 2016 | M | 649,500 | $0.00 | A | 910,241 | D | |
| Common Stock | Apr 1, 2016 | F | 338,910 | $13.41 | D | 571,331 | 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)F1,F2,F3 | $0.00 | Apr 1, 2016 | A | 118,755 | A | — | — | Common Stock | 118,755 | 118,755 | D |
| Deferred Stock Units (DSUs)F1,F2,F3 | $0.00 | Apr 1, 2016 | M | 108,250 | D | — | — | Common Stock | 108,250 | 108,250 | D |
| Deferred Stock Units (DSUs)F1,F2,F3 | $0.00 | Apr 1, 2016 | M | 26,123 | D | — | — | Common Stock | 26,123 | 52,246 | D |
| Deferred Stock Units (DSUs)F1,F2,F3 | $0.00 | Apr 1, 2016 | M | 30,731 | D | — | — | Common Stock | 30,731 | 92,196 | D |
| Performance-Based Market Stock Units (MSUs)F4,F2 | $0.00 | Apr 1, 2016 | M | 433,000 | D | — | — | Common Stock | 433,000 | 0 | D |
Explanation of responses
- F1Deferred Stock Units (DSUs) vest at a rate of 25% annually on each anniversary of the date of the award.
- F2Not applicable.
- F3Reflects the receipt of common stock upon the vesting of DSUs. Each DSU has the economic equivalent of one share of Intersil Common Stock.
- F4This award vests 100% at the end of a 3-year performance measurement period. The performance measurement period for this award is April 1, 2013 through March 31, 2016.
- F5The number of shares acquired by recipient is based on Intersil's Total Shareholder Return (TSR) performance relative to Intersil's peer group of companies over the 3-year measurement period ending March 31, 2016. The calculation for the number of shares earned by recipient is based on 433,000 MSUs (at target) issued on 4/1/2013 multiplied by 150% payout (75th percentile of the peer group).