SEC Form 4 · accession 0001181431-15-006381
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Daniel McCranie
Officer — EVP
Period of report
Apr 28, 2015
Accepted (ET)
May 1, 2015 · 5:50 pm EDT
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 | Apr 28, 2015 | M | 160,000 | $0.00 | A | 397,425 | D | |
| Common StockF2,F3,F4 | Apr 29, 2015 | S | 82,003 | $12.83 | D | 315,422 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5 | — | Apr 28, 2015 | M | 160,000 | D | — | — | Common Stock | 160,000 | 0 | D |
Explanation of responses
- F1Represents the aggregate number of shares of Issuer common stock acquired upon vesting of the Restricted Stock Units (the "RSUs") award received by the Reporting Person pursuant to a March 3, 2015 equity grant. These RSUs are fully vested.
- F2Represents the aggregate number of shares of Issuer common stock sold to cover taxes due upon vesting of the RSUs.
- F3Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $12.73 to $12.98 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- F4Represents the aggregate number of shares of Issuer common stock acquired upon settlement of the RSUs award received by the Reporting Person pursuant to the March 3, 2015 equity grant.
- F5Represents a contingent right to receive shares of Issuer common stock on a one-for-one basis. These RSUs are fully vested.