SEC Form 4 · accession 0000855658-18-000137
LATTICE SEMICONDUCTOR CORP · LSCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Robert Anderson
Officer — President & CEO · Director
Period of report
Sep 4, 2018
Accepted (ET)
Sep 27, 2018 · 10:59 am 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 | $8.24 | Sep 4, 2018 | A | 574,363 | A | Sep 4, 2019 | Sep 4, 2025 | Common Stock | 574,363 | 574,363 | D |
| Performance Restricted Stock Unit (PRSU)F2,F3,F4 | $0.00 | Sep 4, 2018 | A | 222,278 | A | Sep 30, 2019 | — | Common Stock | 222,278 | 222,278 | D |
| Performance Restricted Stock Unit (PRSU)F2,F5,F4 | $0.00 | Sep 4, 2018 | A | 193,834 | A | Sep 30, 2019 | — | Common Stock | 193,834 | 416,112 | D |
| Restricted Stock Unit (RSU)F2,F6,F4 | $0.00 | Sep 4, 2018 | A | 374,746 | A | Sep 4, 2019 | — | Common Stock | 374,746 | 374,746 | D |
Explanation of responses
- F1Grants of Non-Qualified Stock Options vest as follows: 33% of the options will vest on the first anniversary of the date of grant, and an additional 8.33% of the options shall vest at the end of each three month period thereafter.
- F2Each Restricted Stock Unit (RSU) represents a right to receive one share of the Issuers common shares without payment of specific consideration.
- F3Grants of Performance Restricted Stock Units vest as follows: one-third on each of 9/30/19, 9/30/2020 and 9/30/2021 upon achievement of the performance conditions.
- F4Not applicable.
- F5Grants of Performance Restricted Stock Units (PRSUs) will vest upon the Company meeting targets on a trailing four quarter basis, the RSUs will begin vesting about January 1, 2020 and each quarter thereafter dependent on the achievement of targets ending about September 30, 2022.
- F6Grants of Restricted Stock Units (RSUs) vest as follows: 33% of the RSUs will vest on the first anniversary of the date of grant, and an additional 8.33% of the RSUs shall vest at the end of each three month period thereafter.