SEC Form 4 · accession 0001127602-15-002667
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dana Nazarian
Officer — Executive Vice President
Period of report
Jan 21, 2015
Accepted (ET)
Jan 23, 2015 · 8:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000791915
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 21, 2015 | A | 41,416 | $14.16 | A | 300,190 | D | |
| Common StockF2 | Jan 22, 2015 | S | 15,769 | $14.3458 | D | 284,421 | D | |
| Common StockF3 | Jan 21, 2015 | M | 30,000 | $14.16 | A | 314,421 | D | |
| Common StockF4 | Jan 22, 2015 | S | 11,259 | $14.3458 | D | 303,162 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance/Service Restricted Stock Units | $0.00 | Jan 21, 2015 | M | 30,000 | D | Jan 21, 2015 | Mar 29, 2022 | Common Stock | 30,000 | 10,000 | D |
Explanation of responses
- F1Represents delivered shares, before tax, related to the achievement under the Tier 1 milestone of the 2014 Performance Based Accelerated Restricted Stock granted March 29, 2014.
- F215,769 shares sold to pay tax applicable to the 41,416 delivered shares related to achievement under the Tier 1 milestone of the 2014 Performance Based Accelerated Restricted Stock granted March 29, 2014.
- F3Represents delivered shares, before tax, related to the achievement of 75% of Tier 3 milestone of the 2014 Performance Based Accelerated Restricted Stock granted March 29, 2014.
- F411,259 shares sold to pay tax applicable to the 30,000 delivered shares related to achievement of 75% of Tier 3 milestone of the 2014 Performance Based Accelerated Restricted Stock granted March 29, 2014.