4//SEC Filing
KWON OC 4
Accession 0001209191-20-024783
CIK 0000791915other
Filed
Apr 16, 8:00 PM ET
Accepted
Apr 17, 4:10 PM ET
Size
8.3 KB
Accession
0001209191-20-024783
Insider Transaction Report
Form 4
KWON OC
Director
Transactions
- Disposition to Issuer
Common Stock
2020-04-16$23.85/sh−69,403$1,655,262→ 0 total - Disposition to Issuer
Restricted Stock Units
2020-04-16$23.85/sh−11,383$271,485→ 0 total→ Common Stock (11,383 underlying)
Footnotes (4)
- [F1]On April 16, 2020 (the "Effective Time"), pursuant to the Agreement and Plan of Merger, dated as of June 3, 2019 (the "Merger Agreement"), by and among Cypress Semiconductor Corporation (the "Issuer"), Infineon Technologies AG ("Infineon") and IFX Merger Sub Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer as the surviving entity and a wholly owned subsidiary of Infineon. Pursuant to the Merger Agreement, each outstanding share of the Issuer's common stock ("Common Stock") was converted into the right to receive $23.85 per share in cash (the "Per Share Merger Consideration"), without interest.
- [F2]Restricted stock units convert into common stock on a one-for-one basis upon settlement.
- [F3]On May 3, 2019, the Reporting Person was granted 11,383 restricted stock units that vest on the day before the Issuer's 2020 annual meeting of stockholders.
- [F4]Pursuant to the Merger Agreement, immediately prior to the Effective Time, each outstanding restricted stock unit award, whether vested or unvested, was cancelled and converted into the right to receive a cash payment equal to the product of (i) the number of restricted stock units subject to such award immediately prior to the Effective Time multiplied by (ii) the Per Share Merger Consideration. Such payment is to be made at the times and subject to any vesting and acceleration conditions set forth in the Merger Agreement.
Documents
Issuer
CYPRESS SEMICONDUCTOR CORP /DE/
CIK 0000791915
Entity typeother
Related Parties
1- filerCIK 0001617090
Filing Metadata
- Form type
- 4
- Filed
- Apr 16, 8:00 PM ET
- Accepted
- Apr 17, 4:10 PM ET
- Size
- 8.3 KB