SEC Form 4 · accession 0001209191-17-031901
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
May 10, 2017
Accepted (ET)
May 12, 2017 · 4:10 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 | May 10, 2017 | M | 11,043 | $0.00 | A | 88,203 | 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 | — | May 10, 2017 | M | 11,043 | D | — | — | Common Stock | 11,043 | 99,381 | D |
Explanation of responses
- F1Restricted stock units 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 August 10, 2016, the Reporting Person was awarded a grant of 132,508 restricted stock units upon his appointment as Executive Chairman, pursuant to which he will function as both an executive officer of the Issuer and as chairman of the board of directors of the Issuer. This equity grant will vest quarterly in equal installments over the next three years from the date of grant.