SEC Form 4 · accession 0001209191-16-108675
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oc Kwon
Director
Period of report
Mar 12, 2016
Accepted (ET)
Mar 15, 2016 · 7:00 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 | Mar 12, 2016 | M | 3,720 | — | A | 35,525 | D | |
| Common StockF2,F3 | Mar 15, 2016 | S$0 | 1,164 | — | D | 34,361 | 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 UnitsF4,F5 | — | Mar 12, 2016 | M | 3,720 | D | — | — | Common Stock | 3,720 | 7,440 | D |
Explanation of responses
- F1Upon vesting, each Restricted Stock Unit converts into common stock on a one-for-one basis.
- F2Aggregate number of shares sold for payment of the tax liability incident to the vesting of a security issued in accordance with Rule 16b-3.
- F31,150 shares were sold at a price of $8.37 per share and 14 shares were sold at a price of $8.40 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.
- F4Received upon initial appointment to the Issuer's board of directors (the "Initial Equity Grant").
- F5This Initial Equity Grant represents a contingent right to receive Issuer common stock on a one-for-one basis and vests in three (3) equal annual installments beginning March 12, 2016.