SEC Form 4 · accession 0001209191-18-030068
CYPRESS SEMICONDUCTOR CORP /DE/ · CY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oc Kwon
Director
Period of report
May 10, 2018
Accepted (ET)
May 14, 2018 · 8:06 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 | May 10, 2018 | M | 14,847 | $0.00 | A | 65,223 | D | |
| Common StockF2 | May 11, 2018 | F | 4,463 | $16.3403 | D | 60,760 | 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, 2018 | M | 14,847 | D | — | — | Common Stock | 14,847 | 0 | D |
| Restricted Stock UnitsF1,F4 | — | May 11, 2018 | A | 12,353 | A | — | — | Common Stock | 12,353 | 12,353 | 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 $16.335 to $16.345 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 June 26, 2017, the Reporting Person was awarded a grant of 14,847 restricted stock units upon election to the Issuer's board of directors at the Issuer's 2017 annual meeting of stockholders (the "2017 Annual Equity Grant"). This 2017 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 upon vesting and is fully vested on the day before the Issuer's 2018 annual meeting of stockholders.
- F4On May 11, 2018, the Reporting Person was awarded a grant of 12,353 restricted stock units upon election to the Issuer's board of directors at the Issuer's 2018 annual meeting of stockholders (the "2018 Annual Equity Grant"). This 2018 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 upon vesting and is fully vested on the day before the Issuer's 2019 annual meeting of stockholders.