SEC Form 4 · accession 0001628280-16-017087
SunEdison Semiconductor Ltd · SEMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Hall
Officer — EVP and CFO
Period of report
Jun 11, 2016
Accepted (ET)
Jun 14, 2016 · 2:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001585854
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Jun 11, 2016 | M | 3,828 | $5.39 | A | 7,303 | D | |
| Ordinary SharesF1 | Jun 11, 2016 | F | 1,243 | $5.39 | D | 6,060 | D | |
| Ordinary Shares | Jun 13, 2016 | M | 3,431 | $5.43 | A | 9,491 | D | |
| Ordinary SharesF1 | Jun 13, 2016 | F | 1,114 | $5.43 | D | 8,377 | D | |
| Ordinary Shares | Jun 13, 2016 | M | 1,716 | $5.43 | A | 10,093 | D | |
| Ordinary SharesF1 | Jun 13, 2016 | F | 557 | $5.43 | D | 9,536 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | Jun 11, 2016 | M | 3,828 | D | Jun 11, 2016 | — | Ordinary Shares | 3,828 | 11,485 | D |
| Restricted Stock UnitsF2,F4 | $0.00 | Jun 13, 2016 | M | 3,431 | D | Jun 13, 2016 | — | Ordinary Shares | 3,431 | 6,863 | D |
| Restricted Stock UnitsF2,F5 | $0.00 | Jun 13, 2016 | M | 1,716 | D | Jun 13, 2016 | — | Ordinary Shares | 1,716 | 3,432 | D |
Explanation of responses
- F1Represents ordinary shares underlying vested restricted stock units that are being withheld to satisfy the tax liability that arose upon vesting of the restricted stock units.
- F2Each restricted stock unit represents a contingent right to receive one ordinary share of SunEdison Semiconductor Limited.
- F3The remaining restricted stock units vest as follows, 3,828 on June 11, 2017, 3,828 on June 11, 2018 and 3,829 on June 11, 2019.
- F4The remaining restricted stock units vest as follows, 3,431 on June 13, 2017 and 3,432 on June 13, 2018.
- F5The remaining restricted stock units vest as follows, 1,716 on June 13, 2017 and 1,716 on June 13, 2018.