Mike F. Chang - Jan 9, 2023 Form 4 Insider Report for ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Yanbing Hong, attorney-in-fact for Mike F. Chang
Stock symbol
AOSL
Transactions as of
Jan 9, 2023
Transactions value $
-$1,212,916
Form type
4
Date filed
1/10/2023, 04:59 PM
Previous filing
Mar 24, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AOSL Common Shares Options Exercise $477K +56.4K +1.3% $8.45 4.41M Jan 9, 2023 Direct F1, F2
transaction AOSL Common Shares Sale -$1.69M -56.4K -1.28% $29.96 4.35M Jan 9, 2023 Direct F1, F2, F3, F4

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 AOSL Employee Share Option (right to buy) Options Exercise $0 +56.4K $0.00* 0 Jan 9, 2023 Common Shares 56.4K $8.45 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes an aggregate of 170,000 shares subject to Restricted Share Unit awards (RSU) granted on March 15, 2019, March 16, 2020, March 15, 2021, and March 15, 2022 which will be issued as such units vest in accordance with their terms, and excludes 70,000 unvested common shares subject to the PSU granted on March 15, 2022, which may become vested upon achievement of certain corporate performance goals in the future.
F2 Includes 52,500 unvested shares subject to the PSU granted on March 15, 2021 and 35,000 unvested shares subject to the PSU granted on March 16, 2020 which are subject to vesting upon satisfaction of service-based vesting conditions by the Reporting Person.
F3 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted previously by the Reporting Person.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.55 to $30.53, inclusive. The Reporting Person undertakes to provide to Alpha and Omega Semiconductor Limited, any security holder of Alpha and Omega Semiconductor Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F5 The option is fully vested and immediately exercisable for all option shares.