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RICHARDSON ELECTRONICS, LTD. — Director's Dealing 2023
Aug 10, 2023
33958_dirs_2023-08-10_372c6143-9ba7-4562-b9ce-b9aa704c0d6e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RICHARDSON ELECTRONICS, LTD. (RELL)
CIK: 0000355948
Period of Report: 2023-08-08
Reporting Person: Diddell Wendy (Director, COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-08-08 | Common Stock | M | 8000 | $5.61 | Acquired | 129147 | Direct |
| 2023-08-08 | Common Stock | M | 8000 | $4.26 | Acquired | 137147 | Direct |
| 2023-08-08 | Common Stock | M | 4286 | $7.66 | Acquired | 141433 | Direct |
| 2023-08-08 | Common Stock | S | 20286 | $13.001 | Disposed | 121147 | Direct |
| 2023-08-08 | Common Stock | S | 15675 | $13.008 | Disposed | 105472 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-08-08 | Employee Stock Option (Right to Buy) | $5.61 | M | 8000 | Disposed | 2029-07-22 | Common Stock (8000) | Direct |
| 2023-08-08 | Employee Stock Option (Right to Buy) | $4.26 | M | 8000 | Disposed | 2030-07-21 | Common Stock (8000) | Direct |
| 2023-08-08 | Employee Stock Option (Right to Buy) | $7.66 | M | 4286 | Disposed | 2031-07-19 | Common Stock (4286) | Direct |
Footnotes
F1: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $13.00 to $13.02 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $13.00 to $13.14 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3: Options vest 20% per year, beginning 07/22/2020
F4: Options vest 20% per year, beginning 07/21/2021
F5: Options vest 20% per year, beginning 07/19/2022