SEC Form 4 · accession 0001209191-17-007218
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
H Raymond Bingham
Officer — Executive Chairman · Director
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 5:41 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,F2 | Jan 31, 2017 | M | 11,080 | $0.00 | A | 62,398 | D | |
| Common StockF3 | holding | — | — | — | 70,636 | I | By limited partnership |
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,F4 | — | Jan 31, 2017 | M | 11,080 | D | — | — | Common Stock | 11,080 | 0 | D |
Explanation of responses
- F1Restricted stock units ("RSUs") convert into common stock on a one-for-one basis upon vesting.
- F2Represent shares held by the Reporting Person and by the Raymond and Kristin Bingham Revocable Trust.
- F3Represent shares held in Bingham Investments, LP., a limited partnership. Trusts for the Reporting Person's children hold partnership interests in the limited partnership. The Reporting Person has authority to act on behalf of the limited partnership. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his voting and dispositive powers with respect to the shares.
- F4On November 3, 2016, the Reporting Person was granted 11,080 RSUs in lieu of a cash bonus which was payable under existing Issuer incentive programs. This RSU grant represents a contingent right to receive Issuer common stock on a one-for-one basis and was fully vested on January 31, 2017.