SEC Form 4 · accession 0001209191-17-031906
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hassane El-Khoury
Officer — President & CEO · Director
Period of report
May 10, 2017
Accepted (ET)
May 12, 2017 · 4:12 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 | May 10, 2017 | M | 18,404 | $0.00 | A | 360,478 | D | |
| Common StockF2 | May 11, 2017 | F | 9,690 | $13.48 | D | 350,788 | 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 | — | May 10, 2017 | M | 18,404 | D | — | — | Common Stock | 18,404 | 165,636 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis upon vesting.
- F2The sales reported in this Form 4 represent the aggregate number of shares of Issuer common stock sold for payment of the tax liability incident to the vesting of the restricted stock units issued in accordance with Rule 16b-3.
- F3On August 10, 2016, the Reporting Person was awarded a grant of 220,848 restricted stock units upon his appointment as President and Chief Executive Officer of the Issuer. This equity grant will vest quarterly in equal installments over the next three years from the date of grant.