SunEdison Semiconductor Ltd 4
4 · SunEdison Semiconductor Ltd · Filed Dec 6, 2016
Insider Transaction Report
Form 4
Bartholomeusz Michael F.
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2016-12-02−6,250→ 0 total→ Ordinary Shares (6,250 underlying) - Other
Ordinary Shares
2016-12-02$12.00/sh−13,425$161,100→ 0 total - Disposition to Issuer
Restricted Stock Units
2016-12-02−14,844→ 0 total→ Ordinary Shares (14,844 underlying)
Footnotes (4)
- [F1]Pursuant to the Implementation Agreement (the "Implementation Agreement"), dated as of August 17, 2016, by and among SunEdison Semiconductor Limited (the "Company"), GlobalWafers Co., Ltd. ("GWC") and GWafers Singapore Pte. Ltd. ("Acquiror") and Scheme of Arrangement under Singapore law, Acquiror acquired all of the outstanding ordinary shares of the Company (including those of Mr. Sadasivam, but excluding those held by GWC, Acuiror and their subsidiaries) in exchange for a cash payment of $12.00 per share on December 2, 2016.
- [F2]Restricted stock units ("RSUs") granted under the Company's 2014 Non-Employee Director Incentive Plan. Each RSU represented a contingent right to receive an ordinary share of the Company.
- [F3]The RSUs were granted on July 29, 2014 and were scheduled to vest in equal installments on the third and fourth anniversary of the date of grant. Pursuant to the Implementation Agreement, these RSUs became vested in their entirety and converted into the right to receive a cash payment equal to $12.00 per share covered by the RSU.
- [F4]The RSUs were granted on August 3, 2016 and were scheduled to vest in full on the first anniversary of the grant date. Pursuant to the Implementation Agreement, these RSUs became vested in their entirety and converted into the right to receive a cash payment equal to $12.00 per share covered by the RSU.