SEC Form 4 · accession 0001209191-16-145700
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Trent Thad
Officer — EVP, Finance & CFO
Period of report
Oct 10, 2016
Accepted (ET)
Oct 12, 2016 · 4:41 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,F2 | Oct 10, 2016 | M | 15,450 | $3.9877 | A | 181,606 | D | |
| Common StockF1,F2,F3,F4 | Oct 10, 2016 | S | 11,390 | $11.8318 | D | 170,216 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2,F1 | $3.9877 | Oct 10, 2016 | M | 15,450 | D | — | Oct 27, 2016 | Common Stock | 15,450 | 0 | D |
Explanation of responses
- F1The exercise and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2This option was due to expire on October 27, 2016. The option was awarded to the Reporting Person on October 27, 2006 and was fully vested on October 1, 2011.
- F3Shares of Issuer common stock were sold for payment of the exercise price and tax liability incident to the exercise and subsequent sale of shares acquired pursuant to the exercise of the option.
- F4Represents a weighted average sales price per share. These shares were purchased in multiple transactions at prices ranging from $11.81 to $11.85 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 purchased at each separate price within the range.
Remarks
This stock option was due to expire October 27, 2016.