Mike F. Chang - Mar 15, 2023 Form 4 Insider Report for ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Yanbing Hong, attorney-in-fact for Mike F. Chang
Stock symbol
AOSL
Transactions as of
Mar 15, 2023
Transactions value $
-$1,432,810
Form type
4
Date filed
3/17/2023, 06:18 PM
Previous filing
Jan 10, 2023
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AOSL Common Shares Award $0 +37.5K +0.86% $0.00 4.39M Mar 15, 2023 Direct F1, F2
transaction AOSL Common Shares Tax liability -$820K -32.2K -0.73% $25.45 4.36M Mar 15, 2023 Direct F2, F3
transaction AOSL Common Shares Tax liability -$613K -24.1K -0.55% $25.45 4.33M Mar 15, 2023 Direct F2, F4
transaction AOSL Common Shares Award $0 +54.2K +1.25% $0.00 4.39M Mar 15, 2023 Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The RSU shall vest in equal annual installments over four (4) years from March 15, 2023, provided that the Reporting Person remains in the Issuer's service through each such vesting date.
F2 Includes an aggregate of 142,500 shares subject to Restricted Share Unit awards (RSU) granted on March 16, 2020, March 15, 2021, March 15, 2022, and March 15, 2023 which will be issued as such units vest in accordance with their terms, and excludes 53,320 unvested common shares subject to the PSU granted on March 15, 2023, which may become vested upon achievement of certain corporate performance goals in the future.
F3 Shares withheld to satisfy the Issuer's tax withholding obligation upon the vesting of restricted share units (RSU) granted on March 15, 2019, March 16, 2020, March 15, 2021, and March 15, 2022.
F4 Shares withheld to satisfy the Issuer's tax withholding obligation upon the vesting of Performance Share Units (PSU) granted on March 16, 2020, March 15, 2021, and March 15, 2022.
F5 Represents the vesting of PSU granted on March 15, 2022 upon the achievement of specified performance goals as certified previously by the Compensation Committee on February 22, 2023 and the issuance of shares thereunder is subject to vesting in four equal annual installment commencing in March 2023 provided that the Reporting Person remains in the issuer's service through each such vesting date.
F6 Includes 40,635 unvested shares subject to the PSU granted on March 15, 2022 which are subject to vesting upon satisfaction of service-based vesting conditions by the Reporting Person.