4//SEC Filing
SunEdison Semiconductor Ltd 4
Accession 0001628280-16-021894
CIK 0001585854operating
Filed
Dec 7, 7:00 PM ET
Accepted
Dec 8, 2:29 PM ET
Size
19.3 KB
Accession
0001628280-16-021894
Insider Transaction Report
Form 4
Hall Jeffrey
EVP and CFO
Transactions
- Disposition to Issuer
Restricted Stock Units
2016-12-02−27,000→ 0 total→ Ordinary Shares (27,000 underlying) - Disposition to Issuer
Restricted Stock Units
2016-12-02−57,692→ 0 total→ Ordinary Shares (57,692 underlying) - Disposition to Issuer
Restricted Stock Units
2016-12-02−3,432→ 0 total→ Ordinary Shares (3,432 underlying) - Disposition to Issuer
Restricted Stock Units
2016-12-02−6,863→ 0 total→ Ordinary Shares (6,863 underlying) - Disposition to Issuer
Restricted Stock Units
2016-12-02−11,485→ 0 total→ Ordinary Shares (11,485 underlying) - Other
Ordinary Shares
2016-12-02$12.00/sh−9,536$114,432→ 0 total - Disposition to Issuer
Employee Share Option (right to buy)
2016-12-02−143,000→ 0 totalExercise: $6.28Exp: 2026-04-01→ Ordinary Shares (143,000 underlying)
Footnotes (7)
- [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 May 28, 2014, and would have vested in full upon achievement of a performance criteria. 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, assuming achievement of the performance goal at 100% of target level.
- [F4]The RSUs were granted on April 1, 2016 and were scheduled to vest in four equal installments commencing on the first 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.
- [F5]The RSUs were granted on June 11, 2015 and were scheduled to vest in equal installments on the second, 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
- [F6]The RSUs were granted on June 13, 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.
- [F7]This option was scheduled to vest in four equal annual installments commencing on April 1, 2017.
Documents
Issuer
SunEdison Semiconductor Ltd
CIK 0001585854
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001585854
Filing Metadata
- Form type
- 4
- Filed
- Dec 7, 7:00 PM ET
- Accepted
- Dec 8, 2:29 PM ET
- Size
- 19.3 KB