SEC Form 4 · accession 0001603814-15-000096
Renesas Electronics America Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mario Montana
Officer — VP, CHIEF SALES OFFICER
Period of report
Jun 15, 2015
Accepted (ET)
Jun 17, 2015 · 8:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000703361
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 15, 2015 | A | 7,045 | $0.00 | A | 29,933 | D | |
| Common Stock | Jun 15, 2015 | S | 3,727 | $23.7392 | D | 26,206 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF2 | $0.00 | Jun 15, 2015 | A | 16,754 | A | — | — | Common Stock | 16,754 | 16,754 | D |
Explanation of responses
- F1In connection with the vesting and delivery of performance based restricted stock, shares were sold and the net proceeds were used to pay required withholding taxes.
- F2Each performance right represents a contingent right to receive one share of IDT common stock. The performance right vests on 6/15/2017 and 6/15/2018 based upon IDT?s common stock peer percentile rank based on its total shareholder return during the measurement period of March 30,2015 through April 2, 2017, using a 90 day averaging, measured against the companies in the PHLX Semiconductor Total Return Index (PSOX).