SemiLEDs Corp — Director's Dealing 2013

Apr 9, 2013

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SemiLEDs Corp (LEDS)
CIK: 0001333822
Period of Report: 2013-04-05

Reporting Person: Tuttle Mark Ewing (Exec VP of Operations)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	58000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$9.10	2020-04-23	Common Stock (14285)		Direct
Employee Stock Option (right to buy)	$19.00	2021-01-19	Common Stock (12500)		Direct

Footnotes

F1: These shares represent: (a) 8,000 restricted stock units that will be settled in LEDS common stock upon vesting, 25% of the restricted stock units will vest on January 20 in each of 2012, 2013, 2014 and 2015, subject to the Reporting Person's continuous employment through each of the vesting dates, and will become fully vested upon a change in control; and (b) 50,000 restricted stock units that will be settled in LEDS common stock upon vesting, 25% of the restricted stock units will vest on February 20 in each of 2013, 2014, 2015 and 2016, subject to the Reporting Person's continuous employment through each of the vesting dates. 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.

F2: The option shares vest and become exercisable in four equal successive annual installments over the next 48 months of continuous service after May 30, 2010.

F3: 25% of the option vests and becomes exercisable upon the completion of each of 4 years of service following January 20, 2011 and will become fully vested and exercisable upon a change in control.