Quick Takeaways
- This page summarizes Simplot Taiwan Inc.'s Form 4 filing for SemiLEDs Corp (LEDS).
- 3 reported transactions and 1 derivative row are listed below.
- Filing timestamp: 10 Jan 2024, 17:03.
Simplot Taiwan Inc. - 08 Jan 2024 Form 4 Insider Report for SemiLEDs Corp (LEDS)
- Role
- 10%+ Owner
- Signature
- /s/ Scott R. Simplot, Director
- Issuer symbol
- LEDS
- Transactions as of
- 08 Jan 2024
- Net transactions value
- +$399,999
- Form type
- 4
- Filing time
- 10 Jan 2024, 17:03:40 UTC
- Next filing
- 04 Mar 2025
- SEC
- View on sec.gov
Quoteable Key Fact
"Simplot Taiwan Inc. filed Form 4 for SemiLEDs Corp (LEDS) on 10 Jan 2024."
What Changed
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$399,999.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LEDS | Common Stock | Conversion of derivative security | $1,375,529 | +1,050,022 | +96% | $1.31 | 2,139,956 | 08 Jan 2024 | Direct | F1 |
| transaction | LEDS | Common Stock | Other | $399,999 | +305,343 | +14% | $1.31 | 2,445,299 | 08 Jan 2024 | Direct | F2 |
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LEDS | Convertible Unsecured Promissory Note | Conversion of derivative security | $1,375,529 | 0 | 08 Jan 2024 | Common Stock | 1,050,022 | $1.31 | Direct | F1, F3 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | These shares were issued pursuant to the conversion of a Convertible Unsecured Promissory Note assigned to Simplot Taiwan Inc., an Idaho corporation (the "Reporting Person"), on February 20, 2020 by its sole owner, J.R. Simplot Company, a Nevada corporation ("JRS"), in the original principal amount of $1,500,00 (the "Note") for no consideration. The Note is convertible into Common Stock of the Issuer at any time at a conversion price of $1.31. On January 8, 2024 (the "Effective Date"), the Reporting Person converted an aggregate amount of $1,375,529 under the Note, which amount represents $1,200,000 of principal and $175,529 of interest, into 1,050,022 shares of Common Stock of the Issuer. |
| F2 | On the Effective Date, the Reporting Person received 305,343 shares of Common Stock of the Issuer as a payment of interest pursuant to a Loan Agreement between the Issuer and JRS dated January 8, 2019, as amended on January 16, 2021, January 14, 2022, January 13, 2023 and January 7, 2024, and assigned by JRS to the Reporting Person. |
| F3 | The Note has no expiration date. As a result of the transaction reported herein, all amounts due and payable under the Note have been satisfied in full. |