SEC Form 4 · accession 0001179110-19-003734
QUICKLOGIC Corp · QUIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian C Faith
Officer — President and CEO · Director
Period of report
Mar 8, 2019
Accepted (ET)
Mar 12, 2019 · 4:02 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 | Mar 8, 2019 | M | 32,775 | $0.00 | A | 122,447 | D | |
| Common StockF3 | Mar 8, 2019 | F | 13,399 | $0.7325 | A | 109,048 | 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 | Mar 8, 2019 | M | 32,775 | D | Mar 8, 2019 | — | Common Stock | 32,775 | 98,323 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F2The RSUs will vest as to 25% of the total number of shares subject to the award on the first anniversary of the Grant Date, and as to 1/8th of the total number of shares subject to the award every six months thereafter, subject to the individual's continued service on each vesting date.
- 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.