WISHART MICHAEL S 4
4 · CYPRESS SEMICONDUCTOR CORP /DE/ · Filed Aug 3, 2017
Insider Transaction Report
Form 4
WISHART MICHAEL S
Director
Transactions
- Sale
Common Stock
2017-08-01$14.07/sh−30,000$422,154→ 65,256 total
Footnotes (2)
- [F1]These shares of Issuer common stock were received in exchange for shares of Spansion Inc. ("Spansion") common stock pursuant to the Agreement and Plan of Merger and Reorganization dated as of December 1, 2014 (the "Merger Agreement" and, the transactions contemplated therein, the "Merger"), by and among the Issuer, Mustang Acquisition Corporation (a wholly owned subsidiary of the Issuer) and Spansion, whereby each share of Spansion common stock was canceled and automatically converted into 2.457 shares of Issuer common stock (the "Exchange Ratio"), with fractional shares being paid in cash as provided in the Merger Agreement. The market value of Issuer common stock received pursuant to the Merger Agreement was $15.68 per share, based on the trading price of Issuer common stock on March 12, 2015.
- [F2]The price reported in Column 4 is a weighted average price. 1,200 shares were sold at a price of $14.09 per share, 3,000 shares were sold at a price of $14.08 per share and 25,800 shares were sold at a price of $14.07 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price.