SEC Form 4 · accession 0001127602-15-004944
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Benhamou
Director
Period of report
Feb 5, 2015
Accepted (ET)
Feb 9, 2015 · 11:27 am 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 | Feb 5, 2015 | M | 82,404 | $2.91 | A | 251,641 | D | |
| Common StockF1 | Feb 5, 2015 | S | 16,826 | $14.2524 | D | 234,815 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non Qualified Stock Option (Right to Buy)F2 | $2.91 | Feb 5, 2015 | M | 82,404 | D | Apr 29, 2010 | Apr 29, 2015 | Common Stock | 82,404 | 0 | D |
Explanation of responses
- F1Mr. Benhamou was granted an option to purchase 82,404 shares on April 29, 2005 as adjusted for the Sunpower spin-off in 2008. This option will expire on April 29, 2015. 16,826 shares were sold to pay for the exercise price. The net amount of 65,578 shares will be held by Mr. Benhamou and will increase his total ownership to 234,815 shares.
- F2The option vested at the rate of 1/60th each month over five years commencing April 29, 2005.