SEC Form 4 · accession 0001127602-15-002674
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thurman J Rodgers
Officer — President & CEO · Director
Period of report
Jan 21, 2015
Accepted (ET)
Jan 23, 2015 · 8:21 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 | 76,620 | $14.16 | A | 8,234,145 | D | |
| Common StockF2 | Jan 22, 2015 | S | 29,660 | $14.3458 | D | 8,204,485 | D | |
| Common StockF3 | Jan 21, 2015 | M | 55,500 | $14.16 | A | 8,259,985 | D | |
| Common StockF4 | Jan 22, 2015 | S | 28,627 | $14.3458 | D | 8,231,358 | D | |
| Common Stock | holding | — | — | — | 472,160 | I | By Trust, Spouse |
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 | 55,500 | D | Jan 21, 2015 | Mar 29, 2022 | Common Stock | 55,500 | 18,500 | 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.
- F229,660 shares sold to pay tax applicable to the 76,620 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.
- F428,627 shares sold to pay tax applicable to the 55,500 delivered shares related to achievement of 75% of Tier 3 milestone of the 2014 Performance Based Accelerated Restricted Stock granted March 29, 2014.