4//SEC Filing
Griffin Scot 4
Accession 0001181431-13-006579
CIK 0001322705other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 8:52 PM ET
Size
20.3 KB
Accession
0001181431-13-006579
Insider Transaction Report
Form 4
Spansion Inc.CODE
Griffin Scot
SVP, General Counsel
Transactions
- Exercise/Conversion
Class A Common Stock
2013-01-31+26,000→ 42,500 total - Exercise/Conversion
Restricted Stock Units
2013-01-31−26,000→ 44,000 total→ Class A Common Stock (26,000 underlying) - Award
Performance Restricted Stock Units
2013-01-31+18,000→ 18,000 total→ Class A Common Stock (18,000 underlying) - Exercise/Conversion
Class A Common Stock
2013-01-31+6,500→ 16,500 total - Tax Payment
Class A Common Stock
2013-01-31$11.28/sh−16,250$183,300→ 26,250 total - Exercise/Conversion
Restricted Stock Units
2013-01-31−6,500→ 8,500 total→ Class A Common Stock (6,500 underlying) - Award
Stock Option
2013-01-31$11.50/sh+20,000$230,000→ 20,000 totalExercise: $11.50→ Class A Common Stock (20,000 underlying) - Award
Restricted Stock Units
2013-01-31+9,000→ 9,000 total→ Class A Common Stock (9,000 underlying)
Footnotes (8)
- [F1]Upon vesting of the restricted stock units ("RSUs"), the Reporting Person is entitled to receive one (1) share of Class A Common Stock for each one (1) RSU.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $11.22 to $11.36, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each respective price within the range set forth in footnote 2 to this Form 4.
- [F3]Fifty percent (50%) of the RSUs will vest in four (4) successive and equal annual installments on the last trading day in January of each calendar year. Subject to the achievement of certain performance objectives, the remaining fifty percent (50%) of the RSUs will vest in four (4) successive and equal annual installments on the last trading day in January of each calendar year.
- [F4]Vest over a three-year period, with 50 percent of the shares subject to performance goals in each of the three years commencing with the date of grant and a maximum of 50 percent of the shares subject to time-based vesting; If performance goals for the year of scheduled vesting are not met in that year, the unvested shares will be carried forward and will be forfeited if not earned by the last performance year; If performance is above target in a particular year, up to 150 percent of the shares may be accelerated; Shares carried forward from prior years will be utilized before shares are accelerated.
- [F5]Vest one third (1/3) annually on the anniversary of the date of grant and then monthly thereafter.
- [F6]Vest one third (1/3) annually on the anniversary of the date of grant.
- [F7]Upon vesting of the performance based restricted stock units ("PRSUs"), the Reporting Person is entitled to receive one (1) share of Class A Common Stock for each one (1) PRSU.
- [F8]Subject to the achievement of certain performance objectives, fifty per cent (50%) of the PRSUs are eligible for vesting on the last trading day of July 2014 and the remaining fifty percent (50%) of the shares are eligible for vesting on the last trading day of January.
Documents
Issuer
Spansion Inc.
CIK 0001322705
Entity typeother
Related Parties
1- filerCIK 0001393689
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 8:52 PM ET
- Size
- 20.3 KB