SEC Form 4 · accession 0000855658-16-000242
LATTICE SEMICONDUCTOR CORP · LSCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darin G Billerbeck
Officer — President & CEO · Director
Period of report
May 13, 2016
Accepted (ET)
May 16, 2016 · 3:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000855658
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $5.28 | May 13, 2016 | A | 202,000 | A | Aug 13, 2016 | May 13, 2023 | Common Stock | 202,000 | 202,000 | D |
| Non-Qualified Stock Option (right to buy)F2 | $5.28 | May 13, 2016 | A | 139,900 | A | May 13, 2018 | May 13, 2023 | Common Stock | 139,900 | 341,900 | D |
| Restricted Stock Unit (RSU)F3,F4,F5 | $0.00 | May 13, 2016 | A | 167,000 | A | May 13, 2017 | — | Common Stock | 167,000 | 322,839 | D |
Explanation of responses
- F1This option to purchase shares of common stock becomes exercisable over a four year period where in 1/16th (6.25%) of the total shares granted vest on each quarterly anniversary of the grant date.
- F2Grants of Performance Options vest as follows: 100% on the second anniversary of the grant date upon achievement of the performance conditions.
- F3Each Restricted Stock Unit (RSU) represents a right to receive one share of the Issuers common shares without payment of specific consideration.
- F4This grant of Restricted Stock Units (RSUs) vest as follows: 25% of the RSUs will vest upon the one-year anniversary of the grant date and an additional 6.25% of the RSUs vest each three months thereafter until 100% of the RSU grant is vested.
- F5Not applicable.