0001209191-19-013181.txt : 20190225
0001209191-19-013181.hdr.sgml : 20190225
20190225183019
ACCESSION NUMBER: 0001209191-19-013181
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190221
FILED AS OF DATE: 20190225
DATE AS OF CHANGE: 20190225
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Tang Francis
CENTRAL INDEX KEY: 0001363562
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 002-25577
FILM NUMBER: 19630975
MAIL ADDRESS:
STREET 1: 3050 E. HILLCREST DRIVE
CITY: WESTLAKE VILLAGE
STATE: CA
ZIP: 91362
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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-02-21
0
0000029002
DIODES INC /DEL/
DIOD
0001363562
Tang Francis
4949 HEDGCOXE ROAD
SUITE 200
PLANO
TX
75024
0
1
0
0
VP,Worldwide Discrete Products
Diodes Incorporated Common Stock
2019-02-21
4
A
0
17000
0.00
A
96770
D
Diodes Incorporated Common Stock - Performance Stock Units
2019-02-21
4
A
0
17000
0.00
A
53214
D
Diodes Incorporated Common Stock
2019-02-22
4
S
0
4553
40.89
D
92217
D
Diodes Incorporated Common Stock
2580
I
By Son
Restricted stock units vest in four equal installments beginning 02/21/2020.
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.
The PSUs vest in February 2022 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2019 through 2021 of $568.7 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%.
A portion of the vested restricted stock unit shares was automatically sold to cover income tax.
These shares, which consist of restricted stock units, were granted to the reporting persons son, who shares the reporting persons household and is an employee of Diodes Incorporated. The reporting person disclaims beneficial ownership of the shares held by his son, and this report should not be deemed an admission that the reporting person is the beneficial owner of his sons shares for purposes of Section 16 or for any other purpose.
Richard D. White as Power of Attorney for Francis Tang
2019-02-25