SEC Form 4 · accession 0001387467-17-000045
ALPHA & OMEGA SEMICONDUCTOR Ltd · AOSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mike F Chang
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 8:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001387467
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Mar 15, 2017 | F | 8,785 | $17.58 | D | 3,979,557 | D | |
| Common SharesF2,F3 | Mar 15, 2017 | A | 70,000 | $0.00 | A | 4,049,557 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common ShareF4 | $0.00 | Mar 15, 2017 | A | 63,000 | A | — | — | Common Share | 63,000 | 63,000 | D |
Explanation of responses
- F1Shares withheld to satisfy the Issuer's tax withholding obligation upon the vesting of restricted share units (RSU) granted on March 17, 2014, March 16, 2015, and March 15, 2016.
- F2The RSU's shall vest in equal annual installments over four (4) years from March 15, 2017, provided that the Reporting Person remains in the Issuer's service through each such vesting date.
- F3Includes an aggregate of 122,869 shares subject to RSU awards granted on March 17, 2014, March 16, 2015, March 15, 2016, and March 15, 2017, which will be issued as such units vest in accordance with their terms.
- F4Each RSU represents the right to receive a specified number of common shares upon the achievement of certain performance goals of the company.