SemiLEDs Corp — Director's Dealing 2020

May 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SemiLEDs Corp (LEDS)
CIK: 0001333822
Period of Report: 2020-05-26

Reporting Person: J.R. Simplot Co (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-26	Common Stock	C	100000	$3.00	Acquired	1089934	Indirect
2020-05-26	Common Stock	C	100000	$3.00	Disposed	400000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-26	Convertible Unsecured Promissory Note	$3.00	C		Acquired		Common Stock (500000)	Indirect

Footnotes

F1: On February 7, 2020, J.R. Simplot Company, the sole owner of Simplot Taiwan Inc., assigned a Convertible Unsecured Promissory Note initially issued to J.R. Simplot Company in the original principal amount of $1,500,000 (the "Note"), to Simplot Taiwan Inc. for no consideration. The Note is convertible into Common Stock at any time at a conversion price of $3.00 per share. On May 26, 2020, Simplot Taiwan Inc. converted $300,000 of the Note into 100,000 shares of Common Stock.

F2: Consists of shares of Common Stock owned of record by Simplot Taiwan Inc., an Idaho corporation. Simplot Taiwan Inc. is wholly owned by J.R. Simplot Company, a Nevada corporation. Accordingly, J.R. Simplot Company may be deemed to have shared voting and investment power over such shares.

F3: The Note has no expiration date.

F4: Consists of the number of shares into which the remaining principal balance of the Note is convertible following the conversion described above. The Note is convertible into Common Stock at any time at a conversion price of $3.00 per share. Accordingly, J.R. Simplot Company may be deemed to have voting and investment power over the shares into which such note is convertible.