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ALPHA & OMEGA SEMICONDUCTOR Ltd Director's Dealing 2011

Jul 1, 2011

32375_dirs_2011-07-01_1703475c-b8d9-4331-a762-3e9639f09594.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL)
CIK: 0001387467
Period of Report: 2011-07-01

Reporting Person: Liang Yifan (Chief Accounting Officer)

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 8750 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Share Option (right to buy) $2.00 2015-04-14 Common Shares (23000) Direct
Employee Share Option (right to buy) $6.40 2016-01-30 Common Shares (10000) Direct
Employee Share Option (right to buy) $8.60 2016-10-26 Common Shares (10000) Direct
Employee Share Option (right to buy) $13.00 2018-02-06 Common Shares (20000) Direct
Employee Share Option (right to buy) $18.00 2020-04-27 Common Shares (15000) Direct
Employee Share Option (right to buy) $12.68 2021-03-06 Common Shares (11000) Direct

Footnotes

F1: As of July 1, 2011, the option is fully vested and immediately exercisable for all option shares.

F2: The option was granted on October 27, 2006 and becomes exercisable with respect to one-fifth (1/5) of the underlying shares on the first anniversary of the grant date, and thereafter the balance of the option shares become exercisable in a series of forty-eight (48) successive equal monthly installments.

F3: The option was granted on February 7, 2008 and becomes exercisable with respect to one-fifth (1/5) of the underlying shares on the first anniversary of the grant date, and thereafter the balance of the option shares become exercisable in a series of forty-eight (48) successive equal monthly installments.

F4: The option was granted on April 28, 2010 and becomes exercisable with respect to one-fifth (1/5) of the underlying shares on the first anniversary of the grant date, and thereafter the balance of the option shares become exercisable in a series of forty-eight (48) successive equal monthly installments.

F5: The option was granted on March 7, 2011 and becomes exercisable with respect to one-fifth (1/5) of the underlying shares on the first anniversary of the grant date, and thereafter the balance of the option shares become exercisable in a series of forty-eight (48) successive equal monthly installments.