SEC Form 4 · accession 0001127602-15-029570
Freescale Semiconductor, Ltd. · FSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey R Elson
Officer — SVP, HR and Security
Period of report
Oct 22, 2015
Accepted (ET)
Oct 26, 2015 · 6:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001392522
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Oct 22, 2015 | M | 21,775 | $9.47 | A | 73,377 | D | |
| Common SharesF2 | Oct 22, 2015 | S | 29,847 | $40.0228 | D | 43,530 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $9.47 | Oct 22, 2015 | M | 21,775 | D | — | Oct 1, 2019 | Common Shares | 21,775 | 21,775 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2015.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.18, inclusive. The reporting person undertakes to provide to Freescale Semiconductor, Ltd., any security holder of Freescale Semiconductor, Ltd., or staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3The employee stock option, granted on October 1, 2012, granted Mr. Elson the right to purchase up to 87,100 shares, and vests at the rate of 25% per year on each anniversary of the grant date so that the option award is fully vested on the fourth anniversary of the grant date (subject to the terms of the Reporting Person's award agreement).