SemiLEDs Corp — Director's Dealing 2020

Feb 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SemiLEDs Corp (LEDS)
CIK: 0001333822
Period of Report: 2020-02-07

Reporting Person: Simplot Taiwan Inc. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-07	Common Stock	J	500000	$0.00	Acquired	1489934	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-07	Convertible Unsecured Promissory Note	$3.00	J	1500000	Acquired		Common Stock (500000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	989934	Direct

Footnotes

F1: On February 7, 2020, J.R. Simplot Company, the sole owner of Simplot Taiwan Inc., assigned a Convertible Unsecured Promissory Note, described below, to Simplot Taiwan Inc. for no consideration.

F2: Consists of a Convertible Unsecured Promissory Note initially issued to J.R. Simplot Company and assigned to Simplot Taiwan Inc. in the principal amount of $1,500,000. The Note is convertible into Common Stock at any time at a conversion price of $3.00 per share. Accordingly, J Simplot Taiwan Inc. may be deemed to have voting and investment power over the shares into which such Note is convertible.

F3: The Note has no expiration date.