SEC Form 4 · accession 0001179110-16-028156
QUICKLOGIC Corp · QUIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew J Pease
Officer — President and CEO · Director
Period of report
Jul 29, 2016
Accepted (ET)
Aug 2, 2016 · 5:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000882508
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 29, 2016 | M | 20,381 | $0.00 | A | 217,275 | D | |
| Common Stock | Jul 29, 2016 | F | 7,509 | $0.9714 | D | 209,766 | 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 UnitF1,F2 | $0.00 | Jul 29, 2016 | M | 7,250 | D | — | — | Common Stock | 7,250 | 0 | D |
| Restricted Stock UnitF1,F2 | $0.00 | Jul 29, 2016 | M | 13,131 | D | — | — | Common Stock | 13,131 | 0 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F2All unvested shares were deemed vested and released to the Reporting Person pursuant to his retirement and Separation Agreement reported on Form 8-K filed June 23, 2016. Shares of the Issuers common stock will be delivered to the Reporting Person as soon as practicable.
- F3Exempt transaction pursuant to Section 16b3(e) payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b3. All of the shares reported as disposed of on this line were relinquished by the Reporting person and cancelled by the issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting person resulting from the vesting of the RSUs.
- F4Vesting of Restricted Stock Units (RSUs) granted to the Reporting Person on December 18, 2014.
- F5Vesting of Restricted Stock Units (RSUs) granted to the Reporting Person on June 9, 2016.