SemiLEDs Corp — Director's Dealing 2011

Jan 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SemiLEDs Corp (LEDS)
CIK: 0001333822
Period of Report: 2011-01-20

Reporting Person: Yeh Shung-Chiang (Jack) (VP, Sales & Marketing Division)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-20	Restricted Stock Units	$	A	2000	Acquired		Common Stock (2000)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of LEDS common stock.

F2: 25% of the restricted stock units will vest upon the completion of each of four years of service following January 20, 2011 and will become fully vested upon a change in control. Vested shares will be delivered to the reporting person within the first open trading window following the vesting date, but in no event later than the 15th day of the 3rd month following the end of the Company's tax year that includes the vesting date.