ALPHA & OMEGA SEMICONDUCTOR Ltd — Director's Dealing 2012

Nov 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL)
CIK: 0001387467
Period of Report: 2012-11-15

Reporting Person: BAILEY HOWARD (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-15	Share Option (right to buy)	$7.97	A	7500	Acquired	2022-11-14	Common Share (7500.0)	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.