QUICKLOGIC Corp — Director's Dealing 2014

Apr 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUICKLOGIC CORPORATION (QUIK)
CIK: 0000882508
Period of Report: 2014-04-10

Reporting Person: Bouvat-Merlin Maxime (VP WW Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-10	Common Stock	M	9800	—	Acquired	12108	Direct
2014-04-10	Common Stock	F	3784	$4.90	Disposed	8324	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-04-10	Performance Stock Unit	$0	M	9800	Disposed		Common Stock (9800)	Direct

Footnotes

F1: Vesting of Performance Stock Units (PSU) granted to the reporting person on December 12, 2013.

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 on this line 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 the RSUs.

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

F4: 98% of 50% of the shares or 9,800 shares vested on April 10 (98% (9,800) of the 50% (10,000) set aside for possible grant). The remaining shares are scheduled to vest on July 10, 2014. The percentage of shares vesting on July 10, 2014 will be determined based on the level of achievement of the performance goals.

F5: 1st tranche vested at 98% of goal. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.