SEC Form 4 · accession 0001209191-17-039008
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oc Kwon
Director
Period of report
Jun 7, 2017
Accepted (ET)
Jun 9, 2017 · 7:06 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 | Jun 7, 2017 | M | 21,459 | $0.00 | A | 69,124 | D | |
| Common StockF2 | Jun 8, 2017 | S | 6,385 | $14.0116 | D | 62,739 | 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 | — | 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.
- F2The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.01 to $14.0182 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 this footnote to this Form 4.
- F3On 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.