4//SEC Filing
INTERSIL CORP/DE 4
Accession 0001140361-16-090655
CIK 0001096325operating
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 5:30 PM ET
Size
28.9 KB
Accession
0001140361-16-090655
Insider Transaction Report
Form 4
INTERSIL CORP/DEISIL
Wendelken Roger
SVP, Worldwide Sales
Transactions
- Tax Payment
Common Stock
2016-12-20$22.29/sh−11,432$254,819→ 82,009.09 total - Exercise/Conversion
Common Stock
2016-12-20+7,500→ 89,509.09 total - Tax Payment
Common Stock
2016-12-20$22.29/sh−3,831$85,393→ 89,105.09 total - Exercise/Conversion
Common Stock
2016-12-20+7,308→ 96,413.09 total - Exercise/Conversion
Common Stock
2016-12-20+56,730→ 149,329.09 total - Exercise/Conversion
Deferred Stock Units Award (DSUs)
2016-12-20−22,500→ 0 totalExercise: $0.00→ Common Stock (22,500 underlying) - Exercise/Conversion
Deferred Stock Units Award (DSUs)
2016-12-20−7,500→ 7,500 totalExercise: $0.00→ Common Stock (7,500 underlying) - Exercise/Conversion
Deferred Stock Units Award (DSUs)
2016-12-20−7,308→ 21,924 totalExercise: $0.00→ Common Stock (7,308 underlying) - Exercise/Conversion
Performance-Based Market Stock Units Award (MSUs)
2016-12-20−31,000→ 2,635 totalExercise: $0.00→ Common Stock (56,730 underlying) - Exercise/Conversion
Common Stock
2016-12-20+7,341→ 92,936.09 total - Exercise/Conversion
Common Stock
2016-12-20+22,500→ 93,441.09 total - Tax Payment
Common Stock
2016-12-20$22.29/sh−3,914$87,243→ 85,595.09 total - Exercise/Conversion
Deferred Stock Units Award (DSUs)
2016-12-20−7,341→ 14,682 totalExercise: $0.00→ Common Stock (7,341 underlying) - Tax Payment
Common Stock
2016-12-20$22.29/sh−3,814$85,014→ 92,599.09 total
Footnotes (7)
- [F1]This equity award was originally scheduled to become fully vested on November 1, 2017; however, the Compensation Committee of the Board of Directors has approved the acceleration of the vesting of this award to be effective as of December 20, 2016.
- [F2]Not applicable.
- [F3]Reflects the receipt of Common Stock upon the vesting of DSUs. Each DSU has the economic equivalent of one share of Intersil Common Stock.
- [F4]This equity award vests 25% annually. The next tranche of this award was scheduled to vest on April 1, 2017; however, the Compensation Committee of the Board of Directors has approved the acceleration of the vesting of this tranche of this award to be effective as of December 20, 2016.
- [F5]The award was originally scheduled to become fully vested on April 1, 2017; however, the Compensation Committee of the Board of Directors approved the acceleration of this award to be effective as of December 20, 2016.
- [F6]The Compensation Committee of the Board of Directors approved the conversion of a portion of this MSU award to a performance-based restricted stock award effective as of December 20, 2016.
- [F7]This MSU has been amended effective as of December 20, 2016 by the Compensation Committee of the Board of Directors of Intersil with the approval of the Board of Directors of Intersil to (i) convert 56,730 of the maximum potential amount of MSUs under the award of 62,000 MSUs into a performance-based restricted stock award for up to 56,730 shares of Intersil Common Stock, which amount upon vesting may be as low as 0 shares and as high as 56,730 shares, depending on Intersil's performance relative to pre-established performance goals set by the Compensation Committee of the Board of Directors; and (ii) to reduce the potential number of MSUs under the award from a maximum potential amount of 62,000 MSUs to 5,270 MSUs, which amount upon vesting may be as low as 0 shares and as high as 5,270 shares (with a midpoint of 2,635 shares), depending on Intersil's performance relative to pre-established performance goals set by the Compensation Committee of the Board of Directors.
Documents
Issuer
INTERSIL CORP/DE
CIK 0001096325
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001096325
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 5:30 PM ET
- Size
- 28.9 KB