SEC Form 4 · accession 0001209191-17-060755
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
Nov 10, 2017
Accepted (ET)
Nov 14, 2017 · 8:22 pm EST
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 | Nov 10, 2017 | M | 18,404 | $0.00 | A | 381,121 | D | |
| Common StockF2,F3 | Nov 13, 2017 | F | 9,635 | $16.9413 | D | 371,486 | 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,F4 | — | Nov 10, 2017 | M | 18,404 | D | — | — | Common Stock | 18,404 | 128,828 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis upon vesting.
- F2Represents the aggregate number of shares of 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.
- F3The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.9407 to $16.945 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.
- F4On August 10, 2016, the Reporting Person was granted 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.