Home > Insider Trading > Filing (0001209191-11-013254)

Filing Details

Accession Number:: 0001209191-11-013254
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-02-28 12:00:00
Reporting Period:: 2011-02-24

Filing Date:: 2011-02-28
Accepted Time:: 2011-02-28 16:40:27
SEC Url:: Form 4 Filing

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
1346902	Dinesh Ramanathan	198 Champion Court San Jose CA 95134	Executive Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2011-02-24	255,852	$0.00	276,771	No	4	M	Direct
Common Stock	Disposition	2011-02-24	114,906	$21.27	161,865	No	4	F	Direct
Common Stock	Disposition	2011-02-25	127,146	$21.72	34,719	No	4	S	Direct
Common Stock	Disposition	2011-02-25	2,000	$21.73	32,719	No	4	S	Direct
Common Stock	Disposition	2011-02-25	3,600	$21.74	29,119	No	4	S	Direct
Common Stock	Disposition	2011-02-25	400	$21.75	28,719	No	4	S	Direct
Common Stock	Disposition	2011-02-25	1,900	$21.76	26,819	No	4	S	Direct
Common Stock	Disposition	2011-02-25	4,200	$21.77	22,619	No	4	S	Direct
Common Stock	Disposition	2011-02-25	100	$21.77	22,519	No	4	S	Direct
Common Stock	Disposition	2011-02-25	500	$21.78	22,019	No	4	S	Direct
Common Stock	Disposition	2011-02-25	100	$21.78	21,919	No	4	S	Direct
Common Stock	Disposition	2011-02-25	500	$21.79	21,419	No	4	S	Direct
Common Stock	Disposition	2011-02-25	500	$21.80	20,919	No	4	S	Direct

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

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2011-02-24	77,254	$0.00	77,254	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2011-02-24	77,254	$0.00	77,254	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
43,676	2011-02-24	2015-05-11	No	4	M	Direct
120,930		2015-05-11	No	4	M	Direct

Footnotes

As reported in Form 4 dated 5/11/2007, Mr. Ramanathan was granted 1,287,568 Performance RSUs (as adjusted for the SunPower Spin factor of 4.12022) that could result in 0 to 257,513 Performance RSUs being earned annually by Mr. Ramanathan 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 2010 performance milestones as approved by the Compensation Committee on February 24, 2011 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.
114,906 shares were surrendered to pay tax applicable to the vested and earning of 255,852 restricted stock units.
The amount reported on this Form 4 reflects the maximum amount that Mr. Ramanathan was eligible to earn for 2010 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.
The amount reported on this Form 4 reflects the maximum amount that Mr. Ramanathan is eligible to earn for 2011 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.