SEC Form 4 · accession 0001209191-17-054138
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey J Owens
Director
Period of report
Sep 25, 2017
Accepted (ET)
Sep 27, 2017 · 4:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000791915
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1,F3 | — | Sep 25, 2017 | A | 14,114 | A | — | — | Common Stock | 14,114 | 14,114 | D |
| Restricted Stock UnitsF4,F5,F1,F6 | — | Sep 25, 2017 | A | 9,409 | A | — | — | Common Stock | 9,409 | 9,409 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis upon vesting.
- F2Acquired upon the appointment of the Reporting Person to the Issuer's board of directors on September 25, 2017 (the "Initial Equity Grant").
- F3This Initial Equity Grant to the 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 upon vesting and will vest in three equal annual installments beginning on September 25, 2018.
- F4Acquired upon the appointment of the Reporting Person to the Issuer's board of directors on September 25, 2017 (the "Annual Equity Grant").
- F5This Annual Equity Grant to the Reporting Person was pro-rated to a grant date value of approximately $133,333 (from $200,000) to reflect his September 25, 2017 initial appointment to the Issuer's board of directors.
- F6This Annual Equity Grant to the 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 upon vesting and is fully vested on the day before the Issuer's next annual meeting of stockholders.