SEC Form 4 · accession 0001225208-17-004384
ON SEMICONDUCTOR CORP · ON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A. Klosterboer
Officer — EVP & GM, ASG
Period of report
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 5:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001097864
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common | Feb 21, 2017 | M | 30,000 | $8.40 | A | 373,430 | D | |
| CommonF1 | Feb 21, 2017 | S | 30,000 | $15.8487 | D | 343,430 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $8.40 | Feb 21, 2017 | M | 30,000 | D | Mar 5, 2013 | Mar 5, 2019 | Common | 30,000 | 27,937 | D |
Explanation of responses
- F1This disposition transaction was executed in multiple trades at prices ranging from $15.83 to $15.89. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide, upon request, to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
- F2On March 5, 2012, the Reporting Person was awarded an employee stock option (the "Option") to acquire 57,937 shares (the "Shares") of the Issuer's common stock, including the underlying securities reported in Table II of this Form. Pursuant to the terms of the Option, 25% of the Shares became exercisable on March 5, 2013 and the remaining 75% of the Shares became exercisable in equal, quarterly installments thereafter until March 5, 2016, at which time all remaining Shares under the Option became fully exercisable.