0001209191-20-011708.txt : 20200221 0001209191-20-011708.hdr.sgml : 20200221 20200221182350 ACCESSION NUMBER: 0001209191-20-011708 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200219 FILED AS OF DATE: 20200221 DATE AS OF CHANGE: 20200221 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: 20641503 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 2020-02-19 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 2020-02-19 4 A 0 15300 0.00 A 97067 D Diodes Incorporated Common Stock 2020-02-21 4 F 0 3465 47.34 D 93602 D Diodes Incorporated Common Stock - Performance Stock Units 2020-02-19 4 A 0 15300 0.00 A 68514 D Diodes Incorporated Common Stock - Performance Stock Units 2020-02-19 4 F 0 12140 49.49 D 56374 D Diodes Incorporated Common Stock - Performance Stock Units 2020-02-19 4 A 0 18214 0.00 A 74588 D Diodes Incorporated Common Stock 2600 I By Son Restricted stock units vest in four equal installments beginning 02/19/2021. Granted under Rule 16b-3 Plan. Vested restricted stock unit shares were automatically withheld to cover income tax. 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 2023 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2020 through 2022 of $390.6 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 performance stock unit shares were automatically withheld to cover income tax on the vested 2017 performance award. The Target Performance was achieved and the 2017 PSU Award vested at 200%. 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 2020-02-21