Ramanathan Dinesh 4
4 · CYPRESS SEMICONDUCTOR CORP /DE/ · Filed Feb 27, 2012
Insider Transaction Report
Form 4
Ramanathan Dinesh
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2012-02-24+192,168→ 198,839 total - Tax Payment
Common Stock
2012-02-24$17.87/sh−84,874$1,516,698→ 113,965 total - Exercise/Conversion
Restricted Stock Units
2012-02-24−77,254→ 43,676 totalExercise: $0.00From: 2012-02-24Exp: 2015-05-11→ Common Stock (77,254 underlying)
Footnotes (3)
- [F1]As reported in Form 4 dated 5/11/2007, Mr. Ramanathan was granted 1,287,513 Performance RSUs (as adjusted for the SunPower Spin factor of 4.12022) that could result in 0 to 257,515 Performance RSUs being earned annually by Mr. Ramanathan based on the company's achievement of performance milestones set by the Company's Compensation Committee. The amount reported on this Form 4 reflects the delivery based upon the achievement of 2011 performance milestones as approved by the Compensation Committee on February 23, 2012 and includes a milestone measured by the Company's Common Stock appreciation as compared to the SOXX Index. The remaining target shares have been forfeited and are not able to be earned in a future period.
- [F2]84,874 shares were surrendered to pay tax applicable to the vesting of 192,168 restricted stock awards that were previously reported on Form 4 dated May 11, 2007
- [F3]The amount reported on this Form 4 reflects the maximum amount that Mr. Ramanathan was eligible to earn for 2011 based upon the achievement of a performance milestone related to the Company's Common Stock appreciation as compared to the SOXX Index. Targeted shares related to performance milestones not achieved are forfeited and are not able to be earned in a future period.