AI assistant
ON SEMICONDUCTOR CORP — Director's Dealing 2014
Aug 4, 2014
30289_dirs_2014-08-04_c25e70ce-4b60-4e4d-b123-28fa03262392.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ON SEMICONDUCTOR CORP (ONNN)
CIK: 0001097864
Period of Report: 2014-07-31
Reporting Person: Rolls Paul E (Exec VP Sales & Marketing)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-07-31 | Common | A | 14469.0000 | $8.5600 | Acquired | 136088.0000 | Direct |
| 2014-07-31 | Common | F | 1566.0000 | $8.5600 | Disposed | 134522.0000 | Direct |
Footnotes
F1: This transaction reports the acquisition, effective July 31, 2014, of 14,469 units from the attainment of a performance goal under an earlier Performance Based Restricfted Stock Units Award, as described below. The Compensation Committee of the Issuer awarded 30,788 Performance Based Restricted Stock Units to the Reporting Person, with an effective grant date of August 5, 2013, subject to the Issuer's Amended and Restated Stock Incentive Plan ("PBRSU Award"). The PBRSU Award covered a performance period from June 29, 2013 to June 27, 2014 and the number of shares eligible for vesting is based upon the Issuer achieving certain adjusted non-GAAP EBITDA, with straight line interpolation between threshold and target non-GAAP EBITDA amounts. Following achievement of the non-GAAP EBITDA performance metric during the performance period, the first tranche of the units will vest on July 31, 2014 and the remaining two tranches will vest on each subsequent anniversary of the grant date.
F2: This disposition transaction represents shares withheld by the Issuer, pursuant to the Reporting Person's PBRSU Award and related award agreements. On July 31, 2014, certain of these units vested. The shares were withheld to satisfy the Reporting Person's withholding obligations for various taxes and similar items. The Issuer will pay these taxes on behalf of the Reporting Person.
F3: Includes 421.012 shares and 231.69 shares acquired by the Reporting Person, under Issuer's Employee Stock Purchase Plan, for the quarters ended March 28, 2014, and June 27, 2014, respectively.