SILICON IMAGE INC 4
4 · SILICON IMAGE INC · Filed Mar 12, 2015
Insider Transaction Report
Form 4
Vehling Timothy J.
VP Products Business Group
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2015-03-10$2.15/sh−60,000$129,000→ 0 totalExercise: $5.15Exp: 2019-08-15→ Common Stock (60,000 underlying) - Exercise/Conversion
Performance Shares
2015-03-10−30,000→ 0 totalExercise: $0.00→ Common Stock (30,000 underlying) - Exercise/Conversion
Common Stock
2015-03-10+7,500→ 7,500 total - Exercise/Conversion
Common Stock
2015-03-10+30,000→ 37,500 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2015-03-10$4.84/sh−65,500$317,020→ 0 totalExercise: $2.46Exp: 2016-06-15→ Common Stock (65,500 underlying) - Disposition from Tender
Common Stock
2015-03-10$7.30/sh−99,132$723,664→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2015-03-10$3.80/sh−100,000$380,000→ 0 totalExercise: $3.50From: 2011-06-15Exp: 2017-06-15→ Common Stock (100,000 underlying) - Exercise/Conversion
Performance Shares
2015-03-10−7,500→ 30,000 totalExercise: $0.00→ Common Stock (7,500 underlying) - Disposition from Tender
Common Stock
2015-03-10$7.30/sh−37,500$273,750→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2015-03-10$0.35/sh−65,000$22,750→ 0 totalExercise: $6.95Exp: 2018-01-18→ Common Stock (65,000 underlying)
Footnotes (4)
- [F1]Restricted stock units convert into common stock on a 1:1 basis.
- [F2]This option, which is fully vested and exercisable, was cancelled at the closing of the tender offer (the "Offer") by Cayabyab Merger Company, a Delaware corporation, and a wholly owned subsidiary of Lattice Semiconductor Corporation, a Delaware corporation ("Lattice"), in exchange for a cash payment from Lattice equal to the product of (a) the number of shares underlying this option and (b) the difference between the offer price of $7.30 per share and the exercise price per share of this option.
- [F3]Represents the outstanding and unvested PBRSU that was granted to the Reporting Person on August 15, 2012 (the "2012 Unvested PBRSU"), which 2012 Unvested PBRSU shall accelerate at the Offer closing based upon the achievement of the performance goals to which such 2012 Unvested PBRSU is subject as of such date.
- [F4]Represents the 50% portion of the outstanding unvested PBRSU for 60,000 shares that was granted to the Reporting Person on August 15, 2013 (the "2013 Unvested PBRSU"), which portion shall accelerate at the Offer closing based upon a determination by the compensation committee as to the deemed satisfaction of the performance metrics to which such 2013 Unvested PBRSU is subject. The remaining 30,000 shares, representing the other 50% portion of the 2013 Unvested PBRSU, will be cancelled at the Offer closing for no consideration.