Filing Details

Accession Number:
0001209191-19-013173
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-02-25 18:16:49
Reporting Period:
2019-02-21
Accepted Time:
2019-02-25 18:16:49
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
29002 Diodes Inc L DIOD Semiconductors & Related Devices (3674) 952039518
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1436690 Julie Holland 4949 Hedgcoxe Road
Suite 200
Plano TX 75024
Vp Corporate Operations 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 Explanation
Diodes Incorporated Common Stock Acquisiton 2019-02-21 17,000 $0.00 73,949 No 4 A Direct
Diodes Incorporated Common Stock - Performance Stock Units Acquisiton 2019-02-21 17,000 $0.00 41,316 No 4 A Direct
Diodes Incorporated Common Stock Disposition 2019-02-22 2,829 $40.89 71,120 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 A Direct
No 4 S Direct
Footnotes
  1. Restricted stock units vest in four equal installments beginning 02/21/2020.
  2. Granted under Rule 16b-3 Plan.
  3. Each PSU represents a contingent right granted under the companys 2013 Equity Incentive Plan, a Rule 16b-3 Plan, to receive 1 share of Diodes Incorporated Common Stock.
  4. The PSUs vest in February 2022 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2019 through 2021 of $568.7 million (Target Performance).
  5. This number represents the target number of PSUs (Target Award) that will vest if the Target Performance is achieved. There is a threshold that provides for payment of 50% of the Target Award upon 80% achievement of the Target Performance and a maximum that provides for payment of 200% of the Target Award upon 120% achievement of the Target Performances. Between 80% and 100% and between 100% and 120% achievement of Target Performance, the Target Award will be decreased or increased on a pro rata basis, with no payout below 80% achievement and payout limited to 200% of the Target Award if the Target Performance exceeds 120%.
  6. A portion of the vested restricted stock unit shares was automatically sold to cover income tax.