SEC Form 4 · accession 0001140361-17-009736

INTERSIL CORP/DE · ISIL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Feb 24, 2017

Accepted (ET)

Feb 28, 2017 · 5:07 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^F1	Feb 24, 2017	D	17,060	—	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Options (Right to Buy)^F2	$13.45	Oct 27, 2014	D	23,232	D	—	Oct 27, 2021	Common Stock	23,232	D
Stock Options (Right to Buy)^F3	$13.45	Oct 27, 2014	D	11,968	D	—	Oct 27, 2021	Common Stock	11,968	D
Deferred Stock Units (DSUs)^F4	$0.00	Oct 27, 2014	D	1,859	D	—	—	Common Stock	1,859	D
Deferred Stock Units (DSUs)^F4	$0.00	Apr 16, 2016	D	9,310	D	—	—	Common Stock	9,310	D

F1Pursuant to the Agreement and Plan of Merger, dated as of September 12, 2016, by and among Intersil Corporation ("ISIL") and Renesas Electronics Corporation, as joined by Chapter One Company (as amended, the "Merger Agreement"), upon the closing of the merger on February 24, 2017 (the "Closing"), each outstanding share of common stock of ISIL was cancelled in exchange for the right to receive $22.50 in cash.
F2Pursuant to the Merger Agreement, upon the Closing each vested stock option was cancelled in exchange for a cash payment per share equal to the excess, if any, of $22.50 over the exercise price.
F3Pursuant to the Merger Agreement, upon the Closing each unvested stock option was accelerated and cancelled in exchange for a cash payment per share equal to the excess, if any, of $22.50 over the exercise price.
F4Pursuant to the Merger Agreement, upon the Closing each unvested Deferred Stock Unit ("DSUs") were accelerated and cancelled in exchange for a cash payment per share equal to $22.50 per DSU.