0001209191-19-061216.txt : 20191218
0001209191-19-061216.hdr.sgml : 20191218
20191218200624
ACCESSION NUMBER: 0001209191-19-061216
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191216
FILED AS OF DATE: 20191218
DATE AS OF CHANGE: 20191218
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: El-Khoury Hassane
CENTRAL INDEX KEY: 0001558882
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10079
FILM NUMBER: 191293881
MAIL ADDRESS:
STREET 1: 198 CHAMPION COURT
CITY: SAN JOSE
STATE: CA
ZIP: 95122
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CYPRESS SEMICONDUCTOR CORP /DE/
CENTRAL INDEX KEY: 0000791915
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 942885898
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1229
BUSINESS ADDRESS:
STREET 1: 198 CHAMPION COURT
CITY: SAN JOSE
STATE: CA
ZIP: 95134
BUSINESS PHONE: 4089432600
MAIL ADDRESS:
STREET 1: 198 CHAMPION COURT
CITY: SAN JOSE
STATE: CA
ZIP: 95134
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-12-16
0
0000791915
CYPRESS SEMICONDUCTOR CORP /DE/
CY
0001558882
El-Khoury Hassane
198 CHAMPION COURT
SAN JOSE
CA
95134
1
1
0
0
President & CEO
Common Stock
2019-12-16
4
M
0
52859
0.00
A
417710
D
Common Stock
2019-12-16
4
M
0
32198
0.00
A
449908
D
Common Stock
2019-12-16
4
M
0
73134
0.00
A
523042
D
Common Stock
2019-12-16
4
A
0
126840
0.00
A
649882
D
Common Stock
2019-12-16
4
A
0
221384
0.00
A
871266
D
Common Stock
2019-12-16
4
F
0
199277
23.38
D
671989
D
Restricted Stock Units
2019-12-16
4
M
0
52859
0.00
D
2019-12-16
Common Stock
52859
0
D
Restricted Stock Units
2019-12-16
4
M
0
32198
0.00
D
Common Stock
32198
32198
D
Restricted Stock Units
2019-12-16
4
M
0
73134
0.00
D
Common Stock
73134
73134
D
On December 12, 2019, in order to mitigate or eliminate the amount of excise tax that might be payable by the Reporting Person in certain circumstances pursuant to Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, the Board of Directors of the Issuer approved accelerated vesting of the Reporting Person's equity awards that were otherwise scheduled to vest in January and February of 2020, including service-based restricted stock units ("RSUs") and performance-based stock units ("PSUs"), with PSUs accelerating vesting at their maximum performance level and with all such RSU and PSU acceleration occurring on December 16, 2019.
RSUs convert into common stock on a one-for-one basis upon vesting.
Represents shares of Issuer common stock accelerating vesting in connection with PSUs granted on March 16, 2017 as part of the Issuer's Performance Accelerated Restricted Stock (or PARS) program.
PSUs convert into common stock on a one-for-one basis upon vesting. Under SEC guidance, PSUs are not considered derivative securities and therefore do not appear in Table II.
Represents shares of Issuer common stock accelerating vesting in connection with PSUs granted on February 15, 2019 as part of the Issuer's Long-Term Incentive (or LTI) Program.
Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs and PSUs.
On March 16, 2017, the Reporting Person was granted 158,577 service-based RSUs, with two-thirds (2/3) of the units vesting on February 1, 2019 and the remaining one-third (1/3) originally scheduled to vest on February 3, 2020.
On February 16, 2018, the Reporting Person was granted 96,594 service-based RSUs, which were originally scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date.
On February 15, 2019, the Reporting Person was granted 146,268 service-based RSUs, with 50% of the units originally scheduled to vest on the first anniversary of the grant date and the remainder of the units scheduled to vest in equal installments on the second and third anniversaries of the grant date.
/s/ Pamela L. Tondreau, attorney-in-fact
2019-12-18