SEC Form 4 · accession 0001209191-17-006476
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dana Nazarian
Officer — EVP, Operations & Technology
Period of report
Jan 27, 2017
Accepted (ET)
Jan 31, 2017 · 6:25 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 27, 2017 | M | 30,000 | $0.00 | A | 516,176 | D | |
| Common StockF2 | Jan 30, 2017 | F | 12,117 | $11.7245 | D | 504,059 | 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 UnitsF1,F3 | — | Jan 27, 2017 | M | 30,000 | D | — | — | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1Restricted stock units ("RSUs") convert into common stock on a one-for-one basis upon vesting.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.71 to $11.875 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3On March 3, 2015, the Reporting Person was granted 90,000 RSUs, vesting in three equal annual installments beginning on January 29, 2016.