SEC Form 4 · accession 0001209191-17-039007
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
Jun 7, 2017
Accepted (ET)
Jun 9, 2017 · 7:05 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 | Jun 7, 2017 | M | 21,459 | $0.00 | A | 109,662 | 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 | — | Jun 7, 2017 | M | 21,459 | D | — | — | Common Stock | 21,459 | 0 | 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 May 6, 2016, the Reporting Person was awarded a grant of 21,459 restricted stock units upon election to the Issuer's board of directors at the Issuer's 2016 annual meeting of stockholders (the "2016 Annual Equity Grant"). This 2016 Annual Equity Grant to non-employee members of the Issuer's board of directors represents a contingent right to receive Issuer common stock on a one-for-one basis and is fully vested on the day before the Issuer's 2017 annual meeting of stockholders. The Issuer's 2017 annual meeting of stockholders was convened on June 8, 2017 and was adjourned to June 20, 2017. On May 6, 2016, the Reporting Person was a non-employee member of the Issuer's board of directors at the time he was awarded the 2016 Annual Equity Grant.