SEC Form 4 · accession 0001628280-16-017091
SunEdison Semiconductor Ltd · SEMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shaker Sadasivam
Officer — CEO · Director
Period of report
Jun 11, 2016
Accepted (ET)
Jun 14, 2016 · 2:06 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 | 8,750 | $5.39 | A | 11,878 | D | |
| Ordinary SharesF1 | Jun 11, 2016 | F | 2,840 | $5.39 | D | 9,038 | D | |
| Ordinary Shares | Jun 13, 2016 | M | 4,633 | $5.43 | A | 13,671 | D | |
| Ordinary SharesF1 | Jun 13, 2016 | F | 1,504 | $5.43 | D | 12,167 | 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 | — | Jun 11, 2016 | M | 8,750 | D | — | — | Ordinary Shares | 8,750 | 26,250 | D |
| Restricted Stock UnitsF2,F4 | — | Jun 13, 2016 | M | 4,633 | D | — | — | Ordinary Shares | 4,633 | 9,265 | 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, 8,750 on June 11, 2017, 8,750 on June 11, 2018 and 8,750 on June 11, 2019.
- F4The remaining restricted stock units vest as follows, 4,633 on June 13, 2017 and 4,632 on June 13, 2018.