SEC Form 4 · accession 0001140361-16-090654
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
Dec 20, 2016
Accepted (ET)
Dec 22, 2016 · 5:29 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 | 108,250 | $0.00 | A | 701,581 | D | |
| Common Stock | Dec 20, 2016 | F | 56,485 | $22.29 | D | 645,096 | D | |
| Common Stock | Dec 20, 2016 | M | 26,124 | $0.00 | A | 671,220 | D | |
| Common Stock | Dec 20, 2016 | F | 13,632 | $22.29 | D | 657,588 | D | |
| Common Stock | Dec 20, 2016 | M | 30,732 | $0.00 | A | 688,320 | D | |
| Common Stock | Dec 20, 2016 | F | 16,036 | $22.29 | D | 672,284 | D | |
| Common Stock | Dec 20, 2016 | M | 29,689 | $0.00 | A | 701,973 | D | |
| Common Stock | Dec 20, 2016 | F | 15,492 | $22.29 | D | 686,481 | 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 | 108,250 | D | — | — | Common Stock | 108,250 | 0 | D |
| Deferred Stock Units Award (DSUs)F4,F2,F3 | $0.00 | Dec 20, 2016 | M | 26,124 | D | — | — | Common Stock | 26,124 | 26,124 | D |
| Deferred Stock Units Award (DSUs)F4,F2,F3 | $0.00 | Dec 20, 2016 | M | 30,732 | D | — | — | Common Stock | 30,732 | 61,464 | D |
| Deferred Stock Units Award (DSUs)F4,F2,F3 | $0.00 | Dec 20, 2016 | M | 29,689 | D | — | — | Common Stock | 29,689 | 89,067 | D |
Explanation of responses
- F1This equity award was originally scheduled to become fully vested on April 1, 2017; however, the Compensation Committee of the Board of Directors has approved the acceleration of the vesting 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 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.