4//SEC Filing
PDF SOLUTIONS INC 4
Accession 0001209191-09-057777
$PDFSCIK 0001120914operating
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 9:37 PM ET
Size
13.8 KB
Accession
0001209191-09-057777
Insider Transaction Report
Form 4
JOSEPH DAVID
Chief Strategy OfficerOther
Transactions
- Disposition to Issuer
2001 Stock Plan Option (Right to Buy)
2009-12-16−40,000→ 0 totalExercise: $6.39Exp: 2013-04-20→ Common Stock (40,000 underlying) - Award
Common Stock
2009-12-16+13,334→ 259,067 total - Award
Common Stock
2009-12-16+13,334→ 245,733 total - Disposition to Issuer
2001 Stock Plan Option (Right to Buy)
2009-12-16−40,000→ 0 totalExercise: $8.92Exp: 2017-11-06→ Common Stock (40,000 underlying)
Footnotes (7)
- [F1]All transactions on this Form 4 report occurred immediately following the close of PDF Solutions, Inc.'s ("PDFS") offer to exchange described in Schedule TO-1 filed on November 17, 2009, as amended (the "Exchange Offer"). The close of the Exchange Offer occurred at 12 a.m. EST on December 16, 2009 (the "Transaction Date").
- [F2]Pursuant to the Exchange Offer, on the Transaction Date, PDFS cancelled an option granted to the reporting person on April 21, 2003. In exchange for the cancelled option, the reporting person received 13,334 RSRs which will vest as to 25% on March 15, 2010, 25% on September 15, 2010, 25% on March 15, 2011 and 25% on September 15, 2011, subject to the reporting person's continued service with PDFS, or an affiliate thereof, through each vesting date (the "RSR Vesting Schedule").
- [F3]Each RSR represents a bookkeeping entry equal in value to 1 share of PDFS common stock that will be automatically settled in shares upon vesting of the RSR.
- [F4]Pursuant to the Exchange Offer, on the Transaction Date, PDFS cancelled an option granted to the reporting person on November 7, 2007. In exchange for the cancelled option, the reporting person received 13,334 RSRs which will vest in accordance with the RSR Vesting Schedule.
- [F5]This amount includes 38,673 RSRs, each of which represents a bookeeping entry equal in value to 1 share of PDFS common stock that will be automatically settled in shares upon vesting of the RSR. This amount also includes 220,394 shares of outstanding PDFS common stock.
- [F6]The cancelled option provided for vesting as follows: 12/48ths of the total shares subject to the option vested on April 21, 2004 and 1/48th of the total shares vested on the 21st day of each month thereafter, subject to the reporting person's continued service with PDFS, or an affiliate thereof, through each vesting date.
- [F7]The cancelled option provided for vesting as follows: 12/48ths of the total shares subject to the option vested on November 7, 2008 and 1/48th of the total shares vested on the 7th day of each month thereafter, subject to the reporting person's continued service with PDFS, or an affiliate thereof, through each vesting date.
Documents
Issuer
PDF SOLUTIONS INC
CIK 0001120914
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001120914
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 9:37 PM ET
- Size
- 13.8 KB