Tracy Feanny - Nov 3, 2023 Form 4 Insider Report for LATTICE SEMICONDUCTOR CORP (LSCC)

Role: SVP, General Counsel
Signature: /s/ Tracy Feanny
Stock symbol: LSCC
Transactions as of: Nov 3, 2023
Transactions value $: -$146,553
Form type: 4
Date filed: 11/7/2023, 08:00 PM
Previous filing: Aug 22, 2023
Next filing: Nov 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSCC	Common Stock	Options Exercise		+554	+25.15%		2.76K	Nov 3, 2023	Direct	F1
transaction	LSCC	Common Stock	Tax liability	-$12.6K	-218	-7.91%	$57.63	2.54K	Nov 3, 2023	Direct	F2
transaction	LSCC	Common Stock	Options Exercise		+5.91K	+232.61%		8.45K	Nov 3, 2023	Direct	F1
transaction	LSCC	Common Stock	Tax liability	-$134K	-2.33K	-27.53%	$57.63	6.12K	Nov 3, 2023	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	LSCC	Restricted Stock Unit (RSU)	Options Exercise	$0	-554	-3.07%	$0.00	17.5K	Nov 3, 2023	Common Stock	554		Direct	F3, F4, F5
transaction	LSCC	Performance Restricted Stock Unit (PRSU)	Options Exercise	$0	-5.91K	-100%	$0.00^*	0	Nov 3, 2023	Common Stock	5.91K		Direct	F3, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units (RSUs) - no purchase price for this transaction.
F2	These shares were retained by the Issuer in order to meet the tax withholding obligations of the Reporting Person in connection with the vesting of an installment of the restricted stock units. The amount retained by the Issuer was not in excess of the amount of the tax liability.
F3	Each Restricted Stock Unit (RSU) represents a right to receive one share of the Issuer's common stock without payment of specific consideration.
F4	Grants of Restricted Stock Units (RSUs) vest as follows: 25% of the RSUs will vest on the first anniversary of the date of grant, and an additional 6.25% of the RSUs shall vest at the end of each three month period thereafter.
F5	Not applicable.
F6	On November 3, 2023, the Compensation Committee of the Issuer's Board of Directors determined that 200% of the performance conditions, pertaining to the second tranche of shares subject to the Performance Restricted Stock Units (PRSUs) granted November 3, 2021 and scheduled to vest on November 3, 2023, had been achieved, resulting in the vesting and release of 5,906 shares. As the number of outstanding PRSUs following such second tranche vesting is not currently determinable, the share amount set forth in column 9 is zero as the number of shares subject to the third tranche of shares scheduled to vest on November 3, 2024 can range from zero shares (at 0%) to 5,908 shares (at 200%) depending on the level of achievement of the performance conditions.