0001209191-20-024797.txt : 20200417
0001209191-20-024797.hdr.sgml : 20200417
20200417162018
ACCESSION NUMBER: 0001209191-20-024797
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200416
FILED AS OF DATE: 20200417
DATE AS OF CHANGE: 20200417
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Thad Trent
CENTRAL INDEX KEY: 0001607990
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10079
FILM NUMBER: 20799965
BUSINESS ADDRESS:
STREET 1: 198 CHAMPION COURT
CITY: SAN JOSE
STATE: CA
ZIP: 95134
BUSINESS PHONE: 408-232-4557
MAIL ADDRESS:
STREET 1: 198 CHAMPION COURT
CITY: SAN JOSE
STATE: CA
ZIP: 95134
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
2020-04-16
1
0000791915
CYPRESS SEMICONDUCTOR CORP /DE/
CY
0001607990
Thad Trent
198 CHAMPION COURT
SAN JOSE
CA
95134
0
1
0
0
EVP, Finance & CFO
Common Stock
2020-04-16
4
D
0
350555
23.85
D
0
D
Restricted Stock Units
2020-04-16
4
D
0
16737
23.85
D
Common Stock
16737
0
D
Restricted Stock Units
2020-04-16
4
D
0
40630
23.85
D
Common Stock
40630
0
D
Restricted Stock Units
2020-04-16
4
D
0
86617
23.85
D
Common Stock
86617
0
D
On April 16, 2020 (the "Effective Time"), pursuant to the Agreement and Plan of Merger, dated as of June 3, 2019 (the "Merger Agreement"), by and among Cypress Semiconductor Corporation (the "Issuer"), Infineon Technologies AG ("Infineon") and IFX Merger Sub Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer as the surviving entity and a wholly owned subsidiary of Infineon. Pursuant to the Merger Agreement, each outstanding share of the Issuer's common stock ("Common Stock") was converted into the right to receive $23.85 per share in cash (the "Per Share Merger Consideration"), without interest.
Restricted stock units convert into common stock on a one-for-one basis upon settlement.
On February 16, 2018, the Reporting Person was granted 50,210 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
Pursuant to the Merger Agreement, immediately prior to the Effective Time, each outstanding restricted stock unit award, whether vested or unvested, was cancelled and converted into the right to receive a cash payment equal to the product of (i) the number of restricted stock units subject to such award immediately prior to the Effective Time multiplied by (ii) the Per Share Merger Consideration. Such payment is to be made at the times and subject to any vesting and acceleration conditions set forth in the Merger Agreement.
On February 15, 2019, the Reporting Person was granted 70,425 restricted stock units, with approximately 42% of the units vesting on the first anniversary of the grant date and the remainder of the units vesting in equal installments on the second and third anniversaries of the grant date.
On March 1, 2020, the Reporting Person was granted 86,617 restricted stock units that vest in three equal annual installments beginning on February 14, 2021.
/s/ Pamela L. Tondreau, attorney-in-fact
2020-04-17