Transaction in Own Shares • Feb 19, 2014
Transaction in Own Shares
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NOD: Completed secondary sale of shares
Reference is made to the announcement made on 18
February 2014 regarding "Secondary sale of shares" on
behalf of employees in Nordic Semiconductor ASA
exercising stock options in the company. Employees in
Nordic Semiconductor ASA have on 18 February 2014
sold 1,808,265 shares in Nordic Semiconductor ASA at
a price of NOK 34.50 per share. The cap (or maximum
selling price) of the stock options was NOK 37.00,
according to the terms of the corresponding stock
option grant.
Employees and a primary insider of Nordic
Semiconductor ASA have exercised options to subscribe
for 2,190,366 shares with a strike price of NOK 17.15
per share, and a cap price of NOK 37 per share.
As a result of the exercise, the Board of Directors
on February 18, 2013 resolved to sell a total of
2,190,366 treasury shares with a subscription price
of NOK 17.15 to its employees. Total proceeds from
the sale of shares amounts to NOK 37,564,776.90.
After the transaction, Nordic Semiconductor ASA owns
200,634 shares in Nordic Semiconductor ASA.
The following primary insider exercised options and
sold shares in the placement of shares:
Thomas Ulleberg, employee representative on the board
of directors, exercised 23,800 options at a strike
price of NOK 17.15 per share. Thomas Ulleberg has
sold 23,800 shares at price NOK 34.50. After the sale
Thomas Ulleberg holds 0 shares and 0 options in the
company.
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