Cypress Semiconductor Corporation
CYPRESS SEMICONDUCTOR CORP /DE/ (Form: 3, Received: 06/04/2014 14:31:56)
FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Thad Trent

2. Date of Event Requiring Statement (MM/DD/YYYY)
5/9/2014 

3. Issuer Name and Ticker or Trading Symbol

CYPRESS SEMICONDUCTOR CORP /DE/ [CY]

(Last)        (First)        (Middle)

198 CHAMPION COURT

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
CFO /

(Street)

SAN JOSE, CA 95134       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   43361   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non Qualified Stock Option (Right to Buy)     (1) 10/27/2016   Common Stock   15450   $3.9877   D    
Non Qualified Stock Option (Right to Buy)     (1) 3/19/2019   Common Stock   17000   $6.17   D    
Non Qualified Stock Option (Right to Buy)     (2) 12/18/2020   Common Stock   16001   $11.27   D    
Non Qualified Stock Option (Right to Buy)     (3) 5/30/2021   Common Stock   20002   $11.55   D    
Performance/Service Restricted Stock Units     (4) 3/29/2022   Common Stock   40000   $0   D    
Restricted Stock Units     (5) 5/2/2022   Common Stock   20000   $0   D    
Restricted Stock Units     (6) 12/8/2018   Common Stock   4534   $0   D    
Restricted Stock Units     (7) 12/1/2019   Common Stock   5200   $0   D    
Restricted Stock Units     (8) 12/18/2020   Common Stock   4267   $0   D    
Restricted Stock Units     (9) 5/30/2021   Common Stock   5333   $0   D    
Restricted Stock Units     (10) 5/12/2018   Common Stock   8000   $0   D    

Explanation of Responses:
( 1)  Options are fully vested and exercisable as of the date of this filing.
( 2)  4800 options are fully vested and exercisable as of the date of this filing. The remaining options vest monthly over the five years from the date of grant, or 12/18/2012.
( 3)  4000 options are fully vested and exercisable as of the date of this filing. The remaining options vest monthly over the five years from the date of grant, or 5/30/2013.
( 4)  20% of this grant is service-based and 15% will vest on January 30, 2015 and the remaining 5% will vest on January 30, 2016, provided Mr. Trent is employed and in good standing with the Company on each of the vest dates.
( 5)  50% of this service-based grant will vest on June 1, 2015 and the remaining 50% will vest on June 1, 2016.
( 6)  Represents unvested restricted stock units remaining on a five year grant that will vest in equal parts over the next two years on the anniversary of the 10/31/10 vest date.
( 7)  Represents unvested restricted stock units remaining on a five year grant that will vest in equal parts over the next three years on the anniversary of the 11/14/11 vest date.
( 8)  Represents unvested restricted stock units remaining on a five year grant that will vest in equal parts over the next four years on the anniversary of the 11/19/12 vest date.
( 9)  Represents unvested restricted stock units remaining on a five year grant that will vest in equal parts over the next four years on the anniversary of the 05/09/13 vest date.
( 10)  Represents unvested restricted stock units remaining on a five year grant that will vest fully on the next anniversary date of the 01/18/2010 vest date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Thad Trent
198 CHAMPION COURT
SAN JOSE, CA 95134


CFO

Signatures
Neil H. Weiss, Treasurer, as attorney-in-fact for Thad Trent 6/4/2014
** 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 5(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).
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