SEC Form 4 · accession 0000855658-17-000002
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
Jan 9, 2017
Accepted (ET)
Jan 10, 2017 · 2:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000855658
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 9, 2017 | M | 801 | $0.00 | A | 18,331 | D | |
| Common Stock | Jan 9, 2017 | F | 334 | $7.20 | D | 17,997 | 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 Unit (RSU)F3,F4,F5 | $0.00 | Jan 9, 2017 | M | 801 | D | Jul 9, 2016 | — | Common Stock | 801 | 31,234 | D |
Explanation of responses
- F1Restricted Stock Units - no purchase price for this transaction.
- F2These shares were retained by the Issuer in order to meet the tax withholding obligations of the Reporting Person in connection with the vesting of an installment of the restricted stock units. The amount retained by the Issuer was not in excess of the amount of the tax liability.
- 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.