-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L3WAvBs5WNsPWxBKe3D+m6/TFcQ8l8+mFGByMijlKraXcqQBRjFq1TTIa6UkXxaN G0qqrtH67GSx0L+URwHczQ== 0001179110-08-010551.txt : 20080523 0001179110-08-010551.hdr.sgml : 20080523 20080523144549 ACCESSION NUMBER: 0001179110-08-010551 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080522 FILED AS OF DATE: 20080523 DATE AS OF CHANGE: 20080523 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WJ COMMUNICATIONS INC CENTRAL INDEX KEY: 0000105006 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 941402710 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 401 RIVER OAKS PARKWAY CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 408-577-6200 MAIL ADDRESS: STREET 1: 401 RIVER OAKS PARKWAY CITY: SAN JOSE STATE: CA ZIP: 95134 FORMER COMPANY: FORMER CONFORMED NAME: WATKINS JOHNSON CO DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PATEL HARESH CENTRAL INDEX KEY: 0001211273 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-31337 FILM NUMBER: 08857867 BUSINESS ADDRESS: STREET 1: 3975 FREEDOM CIRCLE STREET 2: C/O PMC SIERRA INC CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4082398000 MAIL ADDRESS: STREET 1: C/O PMC SIERRA STREET 2: 3975 FREEDOM CIRCLE CITY: SANTA CLARA STATE: CA ZIP: 95054 4 1 edgar.xml FORM 4 - X0202 4 2008-05-22 1 0000105006 WJ COMMUNICATIONS INC WJCI 0001211273 PATEL HARESH 401 RIVER OAKS PARKWAY SAN JOSE CA 95134 0 1 0 0 Sr. VP Sales & Marketing Common Stock 2008-05-22 4 S 0 12531 1.00 D 0 D Restricted Stock Unit 0 2008-05-22 4 D 0 32940 D 2010-08-10 Common Stock 32940 0 D Restricted Stock Unit 0 2008-05-22 4 D 0 111360 D 2011-07-30 Common Stock 111360 0 D Stock Option (right to buy) .935 2008-05-22 4 D 0 500000 D 2006-10-24 2015-10-24 Common Stock 500000 0 D Stock Option (right to buy) .935 2008-05-22 4 D 0 200000 D 2015-10-24 Common Stock 200000 0 D The shares were disposed of in connection with the merger of ML Acquisition, Inc. with and into WJ Communications, Inc. ("WJ"), effective May 22, 2008 (the "Merger"), pursuant to the Agreement and Plan of Merger dated March 9, 2008 among TriQuint Semiconductor, Inc., ML Acquisition, Inc. and WJ whereby the shares were exchanged for the right to receive $1.00 per share in cash. The restricted stock units were scheduled to vest on August 10, 2010 if the reporting person continued to be actively employed by the Company through that date. The reporting person had previously received on an accelerated basis a portion of such shares at the end of the fiscal 6-month period ended December 31, 2007, based on the extent to which the Company satisfied its corporate performance objectives for that 6-month fiscal period. Each restricted stock unit represents a contingent right to receive one share without payment of WJ Communications, Inc. common stock. The restricted stock units were cancelled in the Merger and converted into the right to receive an amount in cash, equal to the product of (x) the total number of vested shares subject to the restricted stock units and (y) the $1.00 per share merger consideration with the aggregate amount of such payment rounded down to the nearest cent, less required to be withheld or deducted or any provision of state, local or foreign tax law with respect to such payment. The restricted stock units were scheduled to vest on July 30, 2011 if the reporting person continued to be actively employed by the Company through that date. The reporting person had previously received on an accelerated basis a portion of such shares at the end of the fiscal 6-month period ended 12-31-2007, based on the extent to which the Company satisfied its corporate performance objectives for that 6-month fiscal period. Twenty-five (25) percent of the option grant was scheduled to vest on the one year anniversary of the grant date. The balance of the options was scheduled to vest ratably over the thirty-six (36) month period following the one year anniversary of the grant date. The option was scheduled to vest based on achievement of certain performance criteria. The stock options were cancelled in the Merger and converted into the right to receive a cash payment equal to the excess of the $1.00 per share cash Merger consideration over the exercise price per share of the option, multiplied by the number of shares subject to the option, without interest and less any applicable withholding taxes. /s/ Rainer N. Growitz by Power of Attorney 2008-05-23 -----END PRIVACY-ENHANCED MESSAGE-----