4/A//SEC Filing
SunEdison Semiconductor Ltd 4/A
Accession 0001628280-16-021902
CIK 0001585854operating
Filed
Dec 7, 7:00 PM ET
Accepted
Dec 8, 4:29 PM ET
Size
12.9 KB
Accession
0001628280-16-021902
Insider Transaction Report
Form 4/AAmended
Holyoak Gary
SVP-Global Sales & Marketing
Transactions
- Other
Restricted Stock Units
2016-12-02$12.00/sh−1,688$20,256→ 0 total - Other
Restricted Stock Units
2016-12-02−10,000→ 0 total→ Ordinary Shares (10,000 underlying) - Other
Employee Share Option (right to buy)
2016-12-02−76,600→ 0 totalExercise: $6.28Exp: 2026-04-01→ Ordinary Shares (76,600 underlying) - Other
Restricted Stock Units
2016-12-02−14,500→ 0 total→ Ordinary Shares (14,500 underlying)
Footnotes (6)
- [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 6, 2015 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 April 1, 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.
- [F5]This option was scheduled to vest in four equal annual installments commencing on April 1, 2016.
- [F6]This option, granted under the LTIP, became fully vested (to the extent not already fully vested) and terminated in its entirety pursuant to the Implementation Agreement in exchange for a cash payment equal to the product of (i) $12.00 less the exercise price per share of the option multiplied by (ii) the total number of shares underlying the option.
Documents
Issuer
SunEdison Semiconductor Ltd
CIK 0001585854
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001585854
Filing Metadata
- Form type
- 4/A
- Filed
- Dec 7, 7:00 PM ET
- Accepted
- Dec 8, 4:29 PM ET
- Size
- 12.9 KB