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ON SEMICONDUCTOR CORP — Director's Dealing 2018
Mar 7, 2018
30289_dirs_2018-03-07_607db029-ed5d-4871-8f57-455e499a0dff.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ON SEMICONDUCTOR CORP (ON)
CIK: 0001097864
Period of Report: 2018-03-05
Reporting Person: CAVE GEORGE H (EVP, Gen Cnsl, CC&EO, & Sec)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-03-05 | Common | A | 24530.0000 | $24.4600 | Acquired | 278649.0000 | Direct |
| 2018-03-05 | Common | S | 14000.0000 | $24.2670 | Disposed | 264649.0000 | Direct |
| 2018-03-06 | Common | F | 3861.0000 | $25.4700 | Disposed | 260788.0000 | Direct |
Footnotes
F1: Restricted stock units approved on February 14, 2018 under the Issuer's Amended and Restated Stock Incentive Plan with a grant date of March 5, 2018 and with equal pro rata vesting over a 3-year period beginning on the first anniversary of the grant date. The award may only be settled in shares of the Issuer's common stock upon vesting and was for no consideration other than service as an executive officer of the Issuer.
F2: This transaction was made pursuant to the Reporting Person's existing Rule 10b5-1 plan (i.e., a stock trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended).
F3: This disposition transaction was executed in multiple trades at prices ranging from $24.15 to $24.35. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide, upon request, to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F4: This disposition transaction represents shares withheld by the Issuer in connection with the Reporting Person's 2017 restricted stock units award granted pursuant to the Issuer's Amended and Restated Stock Incentive Plan and related award agreement. On March 6, 2018, certain of these units vested. These shares are withheld to satisfy the Reporting Person's tax withholding obligations. The Issuer will pay these taxes on behalf of the Reporting Person.