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SKYWORKS SOLUTIONS, INC. — Director's Dealing 2007
Nov 8, 2007
30568_dirs_2007-11-08_8a1f0853-85b8-46d1-98a9-cb9311f17c0e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SKYWORKS SOLUTIONS INC (SWKS)
CIK: 0000004127
Period of Report: 2007-11-06
Reporting Person: Swearingen Stan A Jr (VP & GM, Linear Products)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-11-06 | Common Stock | A | 22500 | $0.00 | Acquired | 84237 | Direct |
| 2007-11-06 | Common Stock | F | 3440 | $9.33 | Disposed | 80797 | Direct |
| 2007-11-08 | Common Stock | F | 4763 | $8.44 | Disposed | 76034 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-11-06 | Common Stock (Right to Buy) | $9.33 | A | 45000 | Acquired | 2014-11-06 | Common Stock (45000) | Direct |
| 2007-11-06 | Performance Rights | $0.00 | A | 75000 | Acquired | 2010-11-06 | Common Stock (75000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3530 | Indirect |
Footnotes
F1: Restricted stock granted under the Skyworks Solutions, Inc. 2005 Long-Term Incentive Plan. Stock vests over four (4) years in three (3) equal installments, beginning on 11/6/2009 and ending on 11/6/2011; provided, however, that if the percentage change in the price of Skyworks' common stock meets certain annual performance targets, 1/3 of the restricted shares could vest as early as 11/6/2008, and another 1/3 could vest as early as 11/6/2009, such that 100% of the grant could be vested by such date.
F2: This total includes the 2,000 shares of common stock acquired by the reporting person in the Skyworks Solutions, Inc. Employee Stock Purchase Plan since the last report.
F3: This total represents the number of shares of common stock held by the reporting person in the Skyworks Solutions, Inc. 401(k) plan. The information in this report is based on the latest plan statement dated 11/6/2007.
F4: Stock option granted under the Company's 2005 Long-Term Incentive Plan. The stock option vests in four (4) equal installments, beginning on 11/6/2008 and ending on 11/6/2011.
F5: Receipt of performance shares is tied to stock price appreciation thresholds measured over a three-year performance period ending on November 6, 2010. One third of the total performance shares will be earned upon each incremental 20% stock price appreciation from the 60-day trading average of the common stock immediately preceding the date of grant, such that 100% of the total performance shares will be earned upon stock price appreciation of at least 60% during the performance period. Continued service through the end of the performance period is required to earn the performance shares.