4//SEC Filing
NELSON WILLIAM JOHN 4
Accession 0001225208-11-019467
CIK 0001097864other
Filed
Aug 8, 8:00 PM ET
Accepted
Aug 9, 5:38 PM ET
Size
8.4 KB
Accession
0001225208-11-019467
Insider Transaction Report
Form 4
NELSON WILLIAM JOHN
Exec VP & COO
Transactions
- Award
Common
2011-08-05$7.23/sh+106,365$769,019→ 556,149 total - Tax Payment
Common
2011-08-05$7.23/sh−44,196$319,537→ 511,953 total
Footnotes (2)
- [F1]This transaction reports the acquisition, effective August 5, 2011, of 106,365 shares of common stock resulting from the attainment of a performance goal under an earlier Performance Based Restricted Stock Units Award ("PBRSU Award"), as described more below. The Compensation Committee of the Issuer originally awarded 1,276,383 PBRSUs to the Reporting Person with an effective grant date of March 2, 2009 subject to the Issuers 2000 Stock Incentive Plan and a related award agreement. The PBRSU Award will vest, generally, over a three-year (twelve quarter) period but only upon the Issuer achieving certain adjusted non-GAAP earnings before interest, taxes, depreciation and amortization ("EBITDA") base and target performance measurements as set forth in the PBRSU Award agreement.
- [F2]This disposition transaction represents shares withheld by the Issuer pursuant to the Reporting Person's March 2, 2009 PBRSU award. On August 5, 2011, certain of these units vested. These shares were withheld to satisfy the Reporting Person's withholding obligations for various taxes and similar items. The Issuer will pay these taxes on behalf of the Reporting Person.
Documents
Issuer
ON SEMICONDUCTOR CORP
CIK 0001097864
Entity typeother
Related Parties
1- filerCIK 0001398232
Filing Metadata
- Form type
- 4
- Filed
- Aug 8, 8:00 PM ET
- Accepted
- Aug 9, 5:38 PM ET
- Size
- 8.4 KB