SEC Form 4 · accession 0001127602-15-032035
Freescale Semiconductor, Ltd. · FSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keivan Keshvari
Officer — SVP, Supply Chain Operations
Period of report
Nov 18, 2015
Accepted (ET)
Nov 19, 2015 · 7:30 pm EST
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 | Nov 18, 2015 | M | 3,000 | $12.44 | A | 33,268 | D | |
| Common Shares | Nov 18, 2015 | M | 4,764 | $19.58 | A | 38,032 | D | |
| Common SharesF1 | Nov 18, 2015 | S | 7,764 | $34.3628 | D | 30,268 | 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)F2 | $12.44 | Nov 18, 2015 | M | 3,000 | D | — | Nov 7, 2018 | Common Shares | 3,000 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $19.58 | Nov 18, 2015 | M | 4,764 | D | — | Nov 5, 2021 | Common Shares | 4,764 | 14,293 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.36 to $34.38, inclusive. The reporting person undertakes to provide to Freescale Semiconductor, Ltd., any security holder of Freescale Semiconductor, Ltd., or the 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.
- F2The employee stock option, granted on November 7, 2011, granted Mr. Keshvari the right to purchase up to 12,000 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). A portion of this stock option award was previously exercised.
- F3The employee stock option, granted on November 5, 2014, granted Mr. Keshvari the right to purchase up to 19,057 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).