QUICKLOGIC Corp — Director's Dealing 2012

Nov 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUICKLOGIC CORPORATION (QUIK)
CIK: 0000882508
Period of Report: 2012-11-08

Reporting Person: SAXE TIMOTHY (SVP & CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-08	Common Stock	M	7650	$0.00	Acquired	24165	Direct
2012-11-08	Common Stock	F	2806	$2.25	Disposed	21359	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-08	Restricted Stock Units	$0.00	M	7650	Acquired	2022-11-08	Common Stock (7650)	Direct
2012-11-08	Restricted Stock Units	$0.00	M	7650	Disposed	2022-11-08	Common Stock (7650)	Direct
2012-11-08	Stock Option	$2.25	M	35700	Acquired	2022-11-07	Common Stock (35700)	Direct

Footnotes

F1: Vesting of Restricted stock units ("RSUs") granted to the reporting person on November 8, 2012

F2: Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.

F3: Each RSU represents a contingent right to receive one share of the Issuer's common stock.

F4: RSUs vest 100% immediately on grant date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.

F5: Each Stock Option represents a contingent right to receive one share of the Issuer's common stock.

F6: Stock options vest 25% one year from the grant date, and then vest 1/48 monthly for the next 3 years.