Home > Insider Trading > Filing (0001209191-10-014297)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
791915	Cypress Semiconductor Corp	CY	Semiconductors & Related Devices (3674)	942885898

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1336664	W Brad Buss	198 Champion Court San Jose CA 95134	Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2010-03-01	164,809	$0.00	496,083	No	4	M	Direct
Common Stock	Disposition	2010-03-01	69,490	$11.96	426,593	No	4	F	Direct
Common Stock	Acquisiton	2010-03-03	100,000	$3.70	526,593	No	4	M	Direct
Common Stock	Disposition	2010-03-03	100,000	$12.08	426,593	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2010-03-01	82,405	$0.00	82,405	$0.00
Common Stock	Non Qualified Stock Options	Disposition	2010-03-03	100,000	$12.08	100,000	$3.70

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
995,701	2010-03-01	2015-05-11	No	4	M	Direct
895,701	2010-03-03	2015-08-15	No	4	M	Direct

Footnotes

As reported in Form 4 dated 5/11/2007, Mr. Buss was granted 2,060,110 Performance RSUs (as adjusted for the SunPower Spin factor of 4.12022) that could result in 0 to 412,022 Performance RSUs being earned annually by Mr. Buss based on the company's achievement of performance milestones set by the Company's Compensation Committee. The amount reported on this Form 4 reflects the delivery based upon the achievement of the second half of 2009 performance milestones as approved by the Compensation Committee on February 26, 2010 and includes a milestone measured by the Company's Common Stock appreciation as compared to the SOXX Index. The remaining target shares have been forfeited and are not able to be earned in a future period.
The amount reported in this Form 4 represents shares withheld to comply with tax withholding requirements due to the settlement of performance grant milestones reported under footnote #1 above.
The amount reported on this Form 4 reflects the maximum amount that Mr. Buss was eligible to earn for second half 2009 based upon the achievement of a performance milestone related to the Company's Common Stock appreciation as compared to the SOXX Index. Targeted shares related to performance milestones not achieved are forfeited and are not able to be earned in a future period.