Cypress Semiconductor Corporation
CYPRESS SEMICONDUCTOR CORP /DE/ (Form: 4, Received: 05/29/2009 16:26:17)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ALBRECHT W STEVE
2. Issuer Name and Ticker or Trading Symbol

CYPRESS SEMICONDUCTOR CORP /DE/ [ CY ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

198 CHAMPION COURT
3. Date of Earliest Transaction (MM/DD/YYYY)

5/27/2009
(Street)

SAN JOSE, CA 95134
(City)        (State)        (Zip)
4. 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   5/27/2009     M    800   A $2.91   126464   D    
Common Stock   5/27/2009     S    800   D $8.5201   125664   D    
Common Stock   5/27/2009     M    800   A $2.91   126464   D    
Common Stock   5/27/2009     S    800   D $8.5801   125664   D    
Common Stock   5/27/2009     M    3300   A $2.91   128964   D    
Common Stock   5/27/2009     S    3300   D $8.57   125664   D    
Common Stock   5/27/2009     M    4211   A $2.91   129875   D    
Common Stock   5/27/2009     S    4211   D $8.53   125664   D    
Common Stock   5/27/2009     M    5700   A $2.91   131364   D    
Common Stock   5/27/2009     S    5700   D $8.58   125664   D    
Common Stock   5/27/2009     M    10000   A $2.91   135664   D    
Common Stock   5/27/2009     S    10000   D $8.64   125664   D    
Common Stock   5/27/2009     S    13203   D $8.74   112461   D    
Common Stock   5/27/2009     S    400   D $8.7401   112061   D    
Common Stock   5/27/2009     S    5000   D $8.68   107061   D    
Common Stock   5/27/2009     S    2500   D $8.71   104561   D    
Common Stock   5/27/2009     S    400   D $8.6102   104161   D    
Common Stock   5/27/2009     S    5000   D $8.77   99161   D    
Common Stock   5/27/2009     S    10000   D $8.75   89161   D    
Common Stock   5/27/2009     S    100   D $8.6104   89061   D    
Common Stock   5/27/2009     S    100   A $8.6101   88961   D    
Common Stock   5/27/2009     S    977   D $8.70   87984   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non Qualified Stock Option   $2.91   5/27/2009           800    5/27/2009   4/29/2015   Common Stock   800   $8.5201   219255   D    
Non Qualified Stock Option   $2.91   5/27/2009           800    5/27/2009   4/29/2015   Common Stock   800   $8.5801   218455   D    
Non Qualified Stock Option   $2.91   5/27/2009           3300    5/27/2009   4/29/2015   Common Stock   3300   $8.57   215155   D    
Non Qualified Stock Option   $2.91   5/27/2009           4211    5/27/2009   4/29/2015   Common Stock   4211   $8.53   210944   D    
Non Qualified Stock Option   $2.91   5/27/2009           5700    5/27/2009   4/29/2015   Common Stock   5700   $8.58   205244   D    
Non Qualified Stock Option   $2.91   5/27/2009           10000    5/27/2009   4/29/2015   Common Stock   10000   $8.64   195244   (1) D    

Explanation of Responses:
( 1)  Under the terms of the resolution of the Board of Directors, all options, RSUs and RSAs outstanding on September 29, 2008 have been adjusted by the SunPower conversion ratio of 4.12022 per share.

Remarks:
Form 2 of 2 - Due to the SEC limitations of 30 rows per table, we have divided these transactions into two forms.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ALBRECHT W STEVE
198 CHAMPION COURT
SAN JOSE, CA 95134
X



Signatures
W. Steve Albrecht 5/29/2009
** Signature of Reporting Person Date


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