SEC Form 4 · accession 0000855658-16-000286
LATTICE SEMICONDUCTOR CORP · LSCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maxwell J Downing
Officer — Interim CFO
Period of report
Jul 19, 2016
Accepted (ET)
Aug 15, 2016 · 5:23 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 | $5.88 | Jul 19, 2016 | A | 47,123 | A | Oct 19, 2016 | Jul 19, 2023 | Common Stock | 47,123 | 47,123 | D |
| Restricted Stock Unit (RSU)F2,F3,F4 | $0.00 | Jul 19, 2016 | A | 19,467 | A | Jul 19, 2017 | — | Common Stock | 19,467 | 35,946 | 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.
- F2Each Restricted Stock Unit (RSU) represents a right to receive one share of the Issuers common shares without payment of specific consideration.
- F3This 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.
- F4Not applicable.