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DIODES INC /DEL/ — Director's Dealing 2017
Feb 24, 2017
31521_dirs_2017-02-23_233a8217-2114-43ea-9058-c8620182356c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DIODES INC /DEL/ (DIOD)
CIK: 0000029002
Period of Report: 2017-02-21
Reporting Person: Tang Francis (VP,Worldwide Discrete Products)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-21 | Diodes Incorporated Common Stock | A | 18214 | $0.00 | Acquired | 69827 | Direct |
| 2017-02-21 | Diodes Incorporated Common Stock - Performance Stock Units | A | 18214 | $0.00 | Acquired | 18214 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Diodes Incorporated Common Stock | 1200 | Indirect |
Footnotes
F1: Restricted stock units vest in four equal installments beginning 02/21/2018.
F2: Each PSU represents a contingent right granted under the companys 2013 Equity Incentive Plan, a Rule 16b-3 Plan, to receive 1 share of Diodes Incorporated Common Stock.
F3: The PSUs vest in February 2020 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2017 through 2019 of $204.6 million (Target Performance).
F4: This number represents the target number of PSUs (Target Award) that will vest if the Target Performance is achieved. There is a threshold that provides for payment of 50% of the Target Award upon 80% achievement of the Target Performance and a maximum that provides for payment of 200% of the Target Award upon 120% achievement of the Target Performances. Between 80% and 100% and between 100% and 120% achievement of Target Performance, the Target Award will be decreased or increased on a pro rata basis, with no payout below 80% achievement and payout limited to 200% of the Target Award if the Target Performance exceeds 120%.
F5: These shares, which consist of restricted stock units, were granted to the reporting persons son, who shares the reporting persons household and is an employee of Diodes Incorporated. The reporting person disclaims beneficial ownership of the shares held by his son, and this report should not be deemed an admission that the reporting person is the beneficial owner of his sons shares for purposes of Section 16 or for any other purpose.