JACKSON KEITH D 4
4 · ON SEMICONDUCTOR CORP · Filed Mar 10, 2020
Insider Transaction Report
Form 4
JACKSON KEITH D
DirectorCEO & Pres.
Transactions
- Tax Payment
Common
2020-03-06$17.28/sh−72,821$1,258,347→ 3,068,458 total - Tax Payment
Common
2020-03-06$17.28/sh−24,274$419,455→ 3,141,279 total
Holdings
- 350,000(indirect: By Jackson 5, LP)
Common
Footnotes (4)
- [F1]This disposition transaction represents shares withheld by the Issuer in connection with the vesting on March 6, 2020 of a portion of the Reporting Person's 2017 Restricted Stock Units award granted pursuant to the Issuer's Amended and Restated Stock Incentive Plan and related award agreement. These shares were withheld to satisfy the Reporting Person's tax withholding obligations. The Issuer will pay these taxes on behalf of the Reporting Person.
- [F2]The aggregate holdings of the Reporting Person have been reduced by 2 shares of common stock of the Issuer in order to reflect the inadvertent over-reporting by 2 shares in the Form 4 filed by the Reporting Person on August 3, 2018 with respect to the acquisition of shares of Issuer common stock upon the attainment of performance goals under an award of Performance Based Restricted Stock Units ("PBRSUs") made to the Reporting Person on March 6, 2017.
- [F3]This disposition transaction represents shares withheld by the Issuer in connection with the vesting on March 6, 2020 of the Reporting Person's 2017 PBRSUs award granted pursuant to the Issuer's Amended and Restated Stock Incentive Plan and related award agreement. These shares were withheld to satisfy the Reporting Person's tax withholding obligations. The Issuer will pay these taxes on behalf of the Reporting Person.
- [F4]The limited liability company in which the reporting person and his spouse are the sole members serves as the sole general partner of Jackson 5, LP. The reporting person disclaims beneficial ownership of the shares of ON Semiconductor common stock held by Jackson 5, LP, except to the extent of his pecuniary interest therein.