SEC Form 4 · accession 0001209191-18-013146
DIODES INC /DEL/ · DIOD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clemente Beltran
Officer — Vice President
Period of report
Feb 14, 2018
Accepted (ET)
Feb 23, 2018 · 7:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000029002
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Diodes Incorporated Common StockF1,F2 | Feb 14, 2018 | A | 3,800 | $0.00 | A | 30,063 | D | |
| Diodes Incorporated Common Stock | Feb 21, 2018 | F | 282 | $29.21 | D | 29,781 | D | |
| Diodes Incorporated Common Stock - Performance Stock UnitsF4 | Feb 14, 2018 | A | 3,800 | $0.00 | A | 7,597 | D | |
| Diodes Incorporated Common Stock | holding | — | — | — | 12,588 | I | Owned By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock units vest in four equal installments beginning 02/14/2019.
- F2Granted under Rule 16b-3 Plan.
- F3Vested restricted stock unit shares were automatically withheld to cover income tax.
- F4Each PSU represents a contingent right granted under the companys 2013 Equity Incentive Plan, a Rule 16b-3 Plan, to receive 1 share of Diodes Incorporated Common Stock.
- F5The PSUs vest in February 2021 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2018 through 2020 of $360.8 million (Target Performance).
- F6This number represents the target number of PSUs (Target Award) that will vest if the Target Performance is achieved. There is a threshold that provides for payment of 50% of the Target Award upon 80% achievement of the Target Performance and a maximum that provides for payment of 200% of the Target Award upon 120% achievement of the Target Performances. Between 80% and 100% and between 100% and 120% achievement of Target Performance, the Target Award will be decreased or increased on a pro rata basis, with no payout below 80% achievement and payout limited to 200% of the Target Award if the Target Performance exceeds 120%.