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SKYWORKS SOLUTIONS, INC. — Director's Dealing 2011
Nov 10, 2011
30568_dirs_2011-11-09_5c320883-aba3-41c8-8d88-6d6737a2f1ca.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: 2011-11-07
Reporting Person: FREYMAN BRUCE J (SR. VP - WW Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-11-07 | Common Stock | M | 25000 | — | Acquired | 99307 | Direct |
| 2011-11-07 | Common Stock | F | 10904 | $21.32 | Disposed | 88403 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-11-07 | Performance Rights | $ | M | 25000 | Disposed | 2011-11-06 | Common Stock (25000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6406 | Indirect |
Footnotes
F1: Receipt of shares underlying performance rights was based on a comparison of (x) the change in Skyworks' common stock price to (y) the change in the price of the common stock of companies in a peer group over a three year period. The change in price of each company's common stock was determined by comparing its average stock price for the 90 day period beginning 11/6/07 to its average stock price for the 90 day period ending 11/6/10. Because Skyworks determined that the percentage change in Skyworks' stock price during the periods mentioned in the previous sentence exceeded the 70th percentile of the peer group, both the "target" metric under the performance rights covering 25,000 shares and the "stretch" metric under the performance rights covering another 25,000 shares were deemed to have been met.
F2: Transfer of common stock to the issuer of the number of shares determined to be sufficient to satisfy tax withholding obligations incurred as a result of the settlement of the Performance Rights discussed in the previous footnote and the resulting issuance of 25,000 shares of common stock to the reporting person on 11/7/11.
F3: This total represents the number of shares of common stock held by the Reporting Person in the Skyworks 401(k) plan as of the most recent practicable date. The information in this report is based on the latest plan statement dated 10/31/11.