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Filing Details

Accession Number:: 0000899243-20-006147
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-02-28 11:50:31
Reporting Period:: 2019-11-25

Accepted Time:: 2020-02-28 11:50:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1333822	Semileds Corp	LEDS	Semiconductors & Related Devices (3674)	202735523

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1506776	R. Scott Simplot	1099 West Front Street Boise ID 83702		Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-11-25	500,000	$3.00	500,000	No	4	P	Indirect	See Footnote
Common Stock	Disposition	2020-02-07	500,000	$0.00	0	No	4	J	Indirect	See Footnote
Common Stock	Acquisiton	2020-02-07	500,000	$0.00	500,000	No	4	J	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Convertible Unsecured Promissory Note	Acquisiton	2019-11-25	1,500,000	$1,500,000.00	500,000	$3.00
Common Stock	Convertible Unsecured Promissory Note	Disposition	2020-02-07	1,500,000	$1,500,000.00	500,000	$3.00
Common Stock	Convertible Unsecured Promissory Note	Acquisiton	2020-02-07	1,500,000	$1,500,000.00	500,000	$3.00

Remaning Holdings	Exercise Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
500,000	2019-11-25	No	4	P	Indirect
0	2019-11-25	No	4	J	Indirect
500,000	2019-11-25	No	4	J	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	989,934	Indirect	See Footnote
Common Stock	31,036	Indirect	See Footnote

Footnotes

Consists of 989,934 shares of Common Stock owned of record by Simplot Taiwan Inc., an Idaho corporation. Simplot Taiwan Inc. is wholly owned by J.R. Simplot Company, a Nevada corporation. Mr. Simplot is the chairman of J.R. Simplot Company, and so may be deemed to have shared voting and investment power over such shares. Mr. Simplot disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Consists of 31,036 shares of Common Stock owned of record by JRS Properties III LLLP, an Idaho limited liability limited partnership. The sole general partner of JRS Properties III LLLP is JRS Management, L.L.C., an Idaho limited liability company. Mr. Simplot and Stephen A. Beebe are the managers of JRS Management, L.L.C., and so Mr. Simplot may be deemed to have shared voting and investment power over such shares. Mr. Simplot disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Consists of a Convertible Unsecured Promissory Note initially issued to J.R. Simplot Company in the principal amount of $1,500,000. The Note is convertible into Common Stock at any time at a conversion price of $3.00 per share. Mr. Simplot is the chairman of J.R. Simplot Company, and so may be deemed to have shared voting and investment power over the shares into which such Note is convertible. Mr. Simplot disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
On February 7, 2020, J.R. Simplot Company assigned the Convertible Unsecured Promissory Note to Simplot Taiwan Inc. for no consideration. Mr. Simplot is the chairman of J.R. Simplot Company, the sole owner of Simplot Taiwan Inc., and so may be deemed to have shared voting and investment power over the shares into which such Note is convertible. Mr. Simplot disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
The Note has no expiration date.