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SemiLEDs Corp — Director's Dealing 2014
May 13, 2014
35004_dirs_2014-05-13_3135789f-19da-454d-b8dd-228552832e53.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SemiLEDs Corp (LEDS)
CIK: 0001333822
Period of Report: 2014-05-09
Reporting Person: Tuttle Mark Ewing (GM of SemiLEDs Optoelectronics)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-05-09 | Common Stock | A | 146250 | — | Acquired | 416250 | Direct |
| 2014-05-09 | Common Stock | A | 48750 | — | Acquired | 465000 | Direct |
Footnotes
F1: These shares represent restricted stock units and will be settled in LEDS common stock upon vesting. These restricted stock units are performance based. 50% of the restricted stock units will vest upon the attainment of positive EBITDA (i.e., earnings before interest, taxes, depreciation and amortization) by the Issuer for any of the fiscal years ending August 31, 2015, 2016 or 2017, and the remaining 50% of the restricted stock units will vest upon the attainment of positive net income by the Issuer for any of the fiscal years ending August 31, 2015, 2016 or 2017, based on the Issuer's financial results as announced in its earnings press release, and will become fully vested upon a change in control so long as the Reporting Person continues to provide continuous service through the closing of such change in control.
F2: 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.
F3: These shares represent restricted stock units and will be settled in LEDS common stock upon vesting. The restricted stock units will vest on May 9, 2015, subject to the Reporting Person's continuous employment through the vesting date, 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.