FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
TESSERA TECHNOLOGIES INC [ TSRA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/12/2015 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 02/12/2015 | M | 12,500 | A | $20.71 | 625,607(1) | D | |||
Common Stock | 02/12/2015 | M | 70,747 | A | $18.84 | 696,354(1) | D | |||
Common Stock | 02/12/2015 | S | 100,907 | D | $39.5873(2) | 595,447(1) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (Right to Buy) | $20.71 | 02/12/2015 | M | 12,500 | (3) | 05/28/2023 | Common Stock | 12,500 | $0 | 17,500 | D | ||||
Stock Option (Right to Buy) | $18.84 | 02/12/2015 | M | 70,747 | (4) | 12/08/2023 | Common Stock | 70,747 | $0 | 367,253 | D |
Explanation of Responses: |
1. Reflects the adjusted total which includes a purchase of 917 shares under the Tessera Technologies, Inc. Employee Stock Purchase Plan in a transaction exempt from Section 16(b) pursuant to Rule 16b-3(c). |
2. Represents the weighted average sale price for the entire number of shares sold. The sale prices range from $39.50 to $40.72 per share. Information on the actual numbers of shares sold at each sale price is available upon request. |
3. Shares subject to this stock option become exercisable as they vest. Twenty-five percent of the aggregate number of shares subject to this stock option vest and become exercisable on the first anniversary of the date of grant. Thereafter, the remaining shares subject to this stock option vests and becomes exercisable ratably in equal monthly installments over the following thirty-six months so that the entire number of shares subject to this stock option becomes fully vested and exercisable on the fourth anniversary of the grant date. |
4. Shares subject to this stock option become exercisable as they vest. Twenty-five percent of the aggregate number of shares subject to this stock option vests and becomes exercisable on the first, the second, the third and the fourth anniversary of the grant date, so that the entire number of shares subject to this stock option becomes fully vested and exercisable on the fourth anniversary of the grant date. |
/s/ Paul E. Davis, Attorney-in-Fact for Thomas A. Lacey | 02/13/2015 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |