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: HILL RICHARD (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-20	Restricted Stock Units	$	A	17650	Acquired		Common Stock (17650)	Direct

Footnotes

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

F2: The restricted stock units vest on January 20, 2012 but may vest earlier upon a change in control. Vested shares will be delivered to the reporting person within the first open trading window (and in all cases within 90 days) following the earlier of (i) the reporting person's IRC 409A separation from service or (ii) an IRC 409A change in control.