SEC Form 4 · accession 0001179110-16-032163
QUICKLOGIC Corp · QUIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Suping (Sue) Cheung
Officer — VP Finance & C.A.O.
Period of report
Nov 25, 2016
Accepted (ET)
Nov 29, 2016 · 2:11 pm EST
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 StockF3 | Nov 25, 2016 | M | 3,931 | $0.00 | A | 39,493 | D | |
| Common StockF2 | Nov 25, 2016 | F | 1,482 | $0.94 | D | 38,011 | 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 UnitF4,F3,F1 | $0.00 | Nov 25, 2016 | M | 3,931 | D | — | — | Common Stock | 3,931 | 11,792 | D |
Explanation of responses
- F125% of the RSUs shall vest on the one-year anniversary of the date of grant and one eighth (1/8th) of the RSUs shall vest every six months thereafter.
- F2Exempt 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.
- F3Vesting of Restricted Stock Units (RSUs) granted to the Reporting Person on November 25, 2015.
- F4Each RSU represents a contingent right to receive one share of the Issuer's common stock.