SEC Form 4 · accession 0001140361-16-090653
INTERSIL CORP/DE · ISIL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sunil Gupta
Officer — SVP, Worldwide Operations
Period of report
Dec 20, 2016
Accepted (ET)
Dec 22, 2016 · 5:28 pm EST
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 | Dec 20, 2016 | M | 3,808 | $0.00 | A | 45,854 | D | |
| Common Stock | Dec 20, 2016 | F | 1,988 | $22.29 | D | 43,866 | D | |
| Common Stock | Dec 20, 2016 | M | 3,833 | $0.00 | A | 47,699 | D | |
| Common Stock | Dec 20, 2016 | F | 2,001 | $22.29 | D | 45,698 | D | |
| Common Stock | Dec 20, 2016 | M | 5,220 | $0.00 | A | 50,918 | D | |
| Common Stock | Dec 20, 2016 | F | 2,724 | $22.29 | D | 48,194 | D | |
| Common Stock | Dec 20, 2016 | M | 6,539 | $0.00 | A | 54,733 | D | |
| Common Stock | Dec 20, 2016 | F | 3,413 | $22.29 | D | 51,320 | 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 Award (DSUs)F1,F2,F3 | $0.00 | Dec 20, 2016 | M | 3,808 | D | — | — | Common Stock | 3,808 | 3,808 | D |
| Deferred Stock Units Award (DSUs)F1,F2,F3 | $0.00 | Dec 20, 2016 | M | 3,833 | D | — | — | Common Stock | 3,833 | 7,666 | D |
| Deferred Stock Units Award (DSUs)F1,F2,F3 | $0.00 | Dec 20, 2016 | M | 5,220 | D | — | — | Common Stock | 5,220 | 15,660 | D |
| Deferred Stock Units Award (DSUs)F4,F2,F3 | $0.00 | Dec 20, 2016 | M | 6,539 | D | — | — | Common Stock | 6,539 | 19,617 | D |
Explanation of responses
- F1This equity award vests 25% annually. The next tranche of this award was scheduled to vest on April 1, 2017; however, the Compensation Committee of the Board of Directors has approved the acceleration of the vesting of this tranche of this award to be effective as of December 20, 2016.
- 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 equity award vests 25% annually. The first tranche of this award was scheduled to vest on July 1, 2017; however, the Compensation Committee of the Board of Directors has approved the acceleration of the vesting of this tranche of this award to be effective as of December 20, 2016.