-----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, FsYgV8ZQn2XHaen6XFX0DU80qrVKwDVc7o5UNWK2wwD+EihRzrvPeduZ+C1DXSFB HVe6uD4ccCcSluXrKf4oXg== 0001179110-08-010561.txt : 20080523 0001179110-08-010561.hdr.sgml : 20080523 20080523150936 ACCESSION NUMBER: 0001179110-08-010561 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: DIAMOND BRUCE CENTRAL INDEX KEY: 0001251404 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-31337 FILM NUMBER: 08858011 BUSINESS ADDRESS: STREET 1: ZILOG INC STREET 2: 532 RACE ST CITY: SAN JOSE STATE: CA ZIP: 95126 BUSINESS PHONE: 4085588500 4 1 edgar.xml FORM 4 - X0202 4 2008-05-22 1 0000105006 WJ COMMUNICATIONS INC WJCI 0001251404 DIAMOND BRUCE 401 RIVER OAKS PARKWAY SAN JOSE CA 95134 1 1 0 0 President and CEO Common Stock 2008-05-22 4 D 0 790639 1.00 D 0 D Restricted Stock Unit 0 2008-05-22 4 D 0 267493 D 2010-08-10 Common Stock 267493 0 D Restricted Stock Unit 0 2008-05-22 4 D 0 237949 D 2011-07-30 Common Stock 237949 0 D Stock Option (right to buy) .85 2008-05-22 4 D 0 25000 D 2004-07-15 2013-07-15 Common Stock 25000 0 D This amount represents the following items for the reporting person;(a) 45,826 shares acquired pursuant to the terms of the Company's Employee Stock Purchase plan; (b) An award of 500,000 shares of restricted stock that vest solely based on meeting performance criteria offset by 154,026 shares withheld by the Company to cover tax withholding obligations of vested shares; (c) An award of 500,000 shares of restricted stock offset by 192,996 shares withheld by the Company to cover tax withholding obligations of vested shares. This restricted award vests ratably over a thirty-six month period following the date of grant of July 29, 2005 ; (d) 117,268 shares of common stock issued without payment for vested restricted stock units offset by 55,433 shares to cover tax withholding obligations for the vested units; (e) 30,000 shares purchased in various open market transactions. 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 12-31-2007, 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. This option was exercisable in four equal installments beginning July 15, 2004. 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-----