SEC Form 4/A · accession 0000855658-17-000113
LATTICE SEMICONDUCTOR CORP · LSCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Darin G Billerbeck
Officer — President & CEO · Director
Period of report
Oct 18, 2017
Accepted (ET)
Nov 6, 2017 · 3:04 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 Stock | Oct 18, 2017 | M | 574,600 | $4.86 | A | 1,018,111 | D | |
| Common Stock | Oct 18, 2017 | F | 531,807 | $5.73 | D | 486,304 | D |
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)F2 | $4.86 | Oct 18, 2017 | M | 574,600 | D | Nov 8, 2011 | Nov 8, 2017 | Common Stock | 574,600 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3 | $5.73 | Oct 18, 2017 | A | 256,500 | A | Jan 18, 2018 | Oct 18, 2024 | Common Stock | 256,500 | 256,500 | D |
| Performance Non-Qualified Stock Option (right to buy)F4 | $5.73 | Oct 18, 2017 | A | 177,900 | A | Oct 18, 2019 | Oct 18, 2024 | Common Stock | 177,900 | 177,900 | D |
| Restricted Stock Unit (RSU)F5,F6,F7 | $0.00 | Oct 18, 2017 | A | 210,300 | A | Oct 18, 2018 | — | Common Stock | 210,300 | 398,912 | D |
Explanation of responses
- F1These shares were retained by the Issuer in order to meet the aggregate exercise price and tax withholding obligations of the Reporting Person in connection with the exercise of stock options that were scheduled to expire on November 8, 2017. The amount retained by the Issuer was not in excess of the amount of the tax liability. The Reporting Person retained the net shares obtained on the exercise.
- F2This option to purchase shares of common stock vested as follows: 25% of the total amount of shares subject to the option vested on 11/8/2011. 6.25% of the total amount of the shares subject to the option vested in each of the three months thereafter until all shares vested on 11/8/2014.
- F3This option to purchase shares of common stock becomes exercisable over a three and half year period where in 1/14th of the total shares granted vest on each quarterly anniversary of the grant date.
- F4Grants of Performance Options vest as follows: 100% on the second anniversary of the grant date upon achievement of the performance conditions.
- F5Each Restricted Stock Unit (RSU) represents a right to receive one share of the Issuers common shares without payment of specific consideration.
- F6This 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 7.5% of the RSUs vest each three months thereafter until 100% of the RSU grant is vested.
- F7Not applicable.