SEC Form 4 · accession 0001541193-17-000001
SemiLEDs Corp · LEDS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Kuan Hsiung Hsieh
Director
Period of report
Mar 31, 2017
Accepted (ET)
Mar 31, 2017 · 8:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001333822
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 31, 2017 | A | 2,500 | $0.00 | A | 18,571 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares represent restricted stock units and will be settled in LEDS common stock upon vesting. The restricted stock units vest on the date that is the earlier of (a) March 31, 2018 and (b) the date of the 2018 Annual Meeting of Stockholders, but shall vest earlier upon a change in control, in each case subject to the Reporting Person's continuous service through the applicable vesting date. Vested shares will be delivered to the reporting person within the first open trading window following the vesting date, but in no event later than the 15th day of the 3rd month following the end of the Company's tax year that includes the vesting date.
- F2Reflects one-for-ten reverse stock split on April 15, 2016.