0001209191-17-014031.txt : 20170223
0001209191-17-014031.hdr.sgml : 20170223
20170223185637
ACCESSION NUMBER: 0001209191-17-014031
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170221
FILED AS OF DATE: 20170223
DATE AS OF CHANGE: 20170223
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DIODES INC /DEL/
CENTRAL INDEX KEY: 0000029002
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 952039518
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4949 HEDGCOXE ROAD
STREET 2: SUITE 200
CITY: PLANO
STATE: TX
ZIP: 75024
BUSINESS PHONE: 972-987-3900
MAIL ADDRESS:
STREET 1: 4949 HEDGCOXE ROAD
STREET 2: SUITE 200
CITY: PLANO
STATE: TX
ZIP: 75024
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LU KEH SHEW
CENTRAL INDEX KEY: 0001196531
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 002-25577
FILM NUMBER: 17634226
MAIL ADDRESS:
STREET 1: C/O DIODES INC
STREET 2: 3050 E HILLCREST DR
CITY: WESTLAKE
STATE: CA
ZIP: 91362
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-02-21
0
0000029002
DIODES INC /DEL/
DIOD
0001196531
LU KEH SHEW
4949 HEDGCOXE ROAD
SUITE 200
PLANO
TX
75024
1
1
0
0
President & CEO
Diodes Incorporated Common Stock
2017-02-21
4
A
0
62905
0.00
A
1065920
D
Diodes Incorporated Common Stock - Performance Stock Units
2017-02-21
4
A
0
62905
0.00
A
62905
D
Diodes Incorporated Common Stock
46150
I
Custodial
Diodes Incorporated Common Stock
90400
I
Revocable Trust
Diodes Incorporated Common Stock
476783
I
Lu Grandchildren's Trust
Restricted stock units vest in four equal installments beginning 02/21/2018.
Granted under Rule 16b-3 Plan.
Each PSU represents a contingent right granted under the companys 2013 Equity Incentive Plan, a Rule 16b-3 Plan, to receive 1 share of Diodes Incorporated Common Stock. These PSUs were granted in replacement of 700,000 stock units previously reported.
The PSUs vest in February 2020 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2017 through 2019 of $204.6 million (Target Performance).
This number represents the target number of PSUs (Target Award) that will vest if the Target Performance is achieved. There is a threshold that provides for payment of 50% of the Target Award upon 80% achievement of the Target Performance and a maximum that provides for payment of 200% of the Target Award upon 120% achievement of the Target Performances. Between 80% and 100% and between 100% and 120% achievement of Target Performance, the Target Award will be decreased or increased on a pro rata basis, with no payout below 80% achievement and payout limited to 200% of the Target Award if the Target Performance exceeds 120%.
These shares are held in accounts for the reporting persons minor grandchildren and the reporting person is the custodian of those accounts. The reporting person disclaims ownership of the shares held in those custodial accounts, and this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purposes.
Richard D. White as Power of Attorney for Keh-Shew Lu
2017-02-23