Downing Mark A 4
4 · INTERSIL CORP/DE · Filed May 2, 2013
Insider Transaction Report
Form 4
INTERSIL CORP/DEISIL
Downing Mark A
SVP, Strategy & Bus Dev
Transactions
- Award
Deferred Stock Units (DSU) Award
2013-05-01+80,000→ 80,000 totalExercise: $0.00From: 2014-05-01Exp: 2020-05-01→ Common Stock (80,000 underlying) - Award
Performance-Based Deferred Market Stock Units (MSU) Award
2013-05-01+80,000→ 80,000 totalExercise: $0.00From: 2016-05-01Exp: 2016-05-01→ Common Stock (80,000 underlying)
Footnotes (5)
- [F1]Deferred Stock Units (DSUs) vest at a rate of 25% annually on each anniversary of the date of the award. This DSU award will be fully vested on 5/1/2017.
- [F2]Reflects the receipt of Common Stock upon the vesting of DSUs or MSUs. Each DSU or MSU has the economic equivalent of one share of Intersil Common Stock.
- [F3]The performance-based MSU award will become vested, if at all, on the third anniversary of the date of the award.
- [F4]The amount of the MSU award upon vesting may be as low as zero MSUs and as high as 160,000 MSUs, depending on Intersil's performance related to pre-established performance goals set by the Compensation Committee of the Board of Directors.
- [F5]Recipient may elect to defer receipt of common stock by making a deferral election in accordance with the terms of the plan.