LIN Yingku (Adam) 4
4 · SemiLEDs Corp · Filed Jul 7, 2011
Insider Transaction Report
Form 4
SemiLEDs CorpLEDS
LIN Yingku (Adam)
VP Bus. Dev. & General Counsel
Transactions
- Award
Common Stock
2011-07-06+7,000→ 7,000 total - Award
Employee Stock Option (right to buy)
2011-07-06+60,000→ 60,000 totalExercise: $6.08Exp: 2021-07-05→ Common Stock (60,000 underlying)
Footnotes (2)
- [F1]These shares represent restricted stock units and will be settled in LEDS common stock upon vesting. 25% of the restricted stock units will vest upon the completion of each of four years of service following May 9, 2011 and will become fully vested upon a change in control. Vested shares will be delivered to the reporting person within the first open trading window following the vesting date, but in no event later than the 15th day of the 3rd month following the end of the Company's tax year that includes the vesting date.
- [F2]25% of the option vests and becomes exercisable upon the completion of each of 4 years of service following May 9, 2011 and will become fully vested and exercisable upon a change in control..