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QUICKLOGIC Corp — Director's Dealing 2012
Nov 13, 2012
34204_dirs_2012-11-13_01596859-ea94-470a-a776-b8912eaecb9f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: QUICKLOGIC CORPORATION (QUIK)
CIK: 0000882508
Period of Report: 2012-11-08
Reporting Person: HART E THOMAS (Director, EXEC Chairman of the Board)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-11-08 | Common Stock | M | 17978 | $0.00 | Acquired | 153656 | Direct |
| 2012-11-08 | Common Stock | F | 6594 | $2.25 | Disposed | 147062 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-11-08 | Restricted Stock Units | $0.00 | M | 17978 | Acquired | 2022-11-08 | Common Stock (17978) | Direct |
| 2012-11-08 | Restricted Stock Units | $0.00 | M | 17978 | Disposed | 2022-11-08 | Common Stock (17978) | Direct |
| 2012-11-08 | Stock Option | $2.25 | M | 83895 | Acquired | 2022-11-07 | Common Stock (83895) | 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.
F7: Includes shares acquired under the Quicklogic employee stock purchase plan on November 14, 2011 and May 14, 2012.