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ALPHA & OMEGA SEMICONDUCTOR Ltd Director's Dealing 2011

Nov 22, 2011

32375_dirs_2011-11-21_55b97ddb-01ca-4b55-9d4f-e50f30753df9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL)
CIK: 0001387467
Period of Report: 2011-11-17

Reporting Person: STEIPP THOMAS W (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-11-17 Share Option (Right to Buy) $9.29 A 7500 Acquired 2021-11-17 Common Share (7500) Direct

Footnotes

F1: The option is immediately exercisable for all the shares. However, the option shares are subject to vesting and the Issuer's right to repurchase any unvested shares upon termination of the reporting person's service. The option shares will vest (and the Issuer's repurchase right will lapse) upon the earlier of (i) the reporting person's completion of one (1) year of board service measured from the grant date or (ii) the date of the Issuer's regular annual shareholders meeting for the year following the year in which the option was granted, provided the reporting person continues in board service through such vesting date.