FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
LATTICE SEMICONDUCTOR CORP [ LSCC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/02/2019 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 08/02/2019 | M | 14,715 | A | $5.73 | 29,206 | D | |||
Common Stock | 08/02/2019 | S | 14,715 | D | $18.9611(1) | 14,491 | D | |||
Common Stock | 08/02/2019 | M | 8,250 | A | $5.28 | 22,741 | D | |||
Common Stock | 08/02/2019 | S | 8,250 | D | $18.9611(1) | 14,491 | D | |||
Common Stock | 08/02/2019 | S | 2,106 | D | $19.0205(2) | 12,385 | D | |||
Common Stock | 08/02/2019 | S | 4,954 | D | $18.9611(1) | 7,431 | D | |||
Common Stock | 08/02/2019 | M | 4,954 | A | $6.1 | 12,385 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Non-Qualified Stock Option (right to buy) | $5.28 | 08/02/2019 | M | 8,250 | 08/13/2016(3) | 05/13/2023 | Common Stock | 8,250 | $0.0 | 41,800 | D | ||||
Non-Qualified Stock Option (right to buy) | $5.73 | 08/02/2019 | M | 14,715 | 01/18/2018(4) | 10/18/2024 | Common Stock | 14,715 | $0.0 | 25,750 | D | ||||
Non-Qualified Stock Option (right to buy) | $6.1 | 08/02/2019 | M | 4,954 | 05/06/2015(5) | 02/06/2025 | Common Stock | 4,954 | $0.0 | 0 | D | ||||
Performance Restricted Stock Unit (PRSU) | $0.0(6) | 08/02/2019 | A | 13,821 | 08/02/2020(7) | (8) | Common Stock | 13,821 | $0.0 | 35,511 | D | ||||
Restricted Stock Unit (RSU) | $0.0(6) | 08/02/2019 | A | 13,821 | 08/02/2020(9) | (8) | Common Stock | 13,821 | $0.0 | 78,101 | D |
Explanation of Responses: |
1. The price indicated is the weighted average sale price for the shares sold. The individual sale prices for the shares indicated range from $18.61 to $19.20 |
2. The price indicated is the weighted average sale price for the shares sold. The individual sale prices for the shares indicated range from $18.85 to $19.19 |
3. This option to purchase shares of common stock becomes exercisable over a four year period where in 1/16th (6.25%) of the total shares granted vest on each quarterly anniversary of the grant date. |
4. This option to purchase shares of common stock becomes exercisable over a three and half year period where in 1/14th of the total shares granted vest on each quarterly anniversary of the grant date. |
5. This option to purchase shares of common stock becomes exercisable over a four year period where in 1/16th (6.25%) of the total shares granted vest on each quarterly anniversary of the grant date. |
6. Each Restricted Stock Unit (RSU) represents a right to receive one share of the Issuers common shares without payment of specific consideration. |
7. Grants of Performance Restricted Stock Units (PRSUs) vest as follows: one-third of the PRSUs will vest on each anniversary of the date of grant, and upon the achievement of the performance conditions. |
8. Not applicable. |
9. Grants of Restricted Stock Units (RSUs) vest as follows: 25% of the RSUs will vest on the first anniversary of the date of grant, and an additional 6.25% of the RSUs shall vest at the end of each three month period thereafter. |
/s/ Byron W. Milstead | 08/06/2019 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |