SemiLEDs Corp — Director's Dealing 2010

Dec 8, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SemiLEDs Corp (LEDS)
CIK: 0001333822
Period of Report: 2010-12-08

Reporting Person: Young David (CFO and Treasurer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	53571	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$0.84	2017-03-03	Class A Common Stock (35714)		Direct
Employee Stock Option (right to buy)	$0.91	2018-03-01	Class A Common Stock (53571)		Direct

Footnotes

F1: The issuer intends to file a Restated Certificate of Incorporation in the State of Delaware after the effectiveness of the issuer's registration statement on Form S-1, which shall provide that each share of Class A Common Stock shall be automatically reclassified as and converted into one share of Common Stock upon the filing of such Restated Certificate of Incorporation.

F2: The option shares vest and become exercisable in four equal successive annual installments over the next 48 months of continuous service after March 3, 2008.

F3: The original option grant for 71,428 shares was partially exercised for 35,714 shares on May 18, 2010.

F4: The option shares vest and become exercisable in four equal successive annual installments over the next 48 months of continuous service after March 1, 2009.

F5: The original option grant for 71,428 shares was partially exercised for 17,857 shares on May 18, 2010.