Sherri R. Luther - Nov 14, 2023 Form 4 Insider Report for LATTICE SEMICONDUCTOR CORP (LSCC)

Role
SVP, CFO
Signature
/s/ Tracy Feanny, Attorney in Fact For: Sherri R. Luther
Stock symbol
LSCC
Transactions as of
Nov 14, 2023
Transactions value $
-$1,018,970
Form type
4
Date filed
11/15/2023, 06:18 PM
Previous filing
Sep 15, 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 $0 +1.82K +1.42% $0.00 130K Nov 14, 2023 Direct F1
transaction LSCC Common Stock Tax liability -$52.9K -903 -0.7% $58.58 129K Nov 14, 2023 Direct F2
transaction LSCC Common Stock Sale -$404K -7.09K -5.5% $57.03 122K Nov 14, 2023 Direct F3, F4
transaction LSCC Common Stock Sale -$562K -9.73K -7.99% $57.79 112K Nov 14, 2023 Direct F3, F5

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 -1.82K -5.1% $0.00 33.9K Nov 14, 2023 Common Stock 1.82K $0.00 Direct F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 The transaction indicated was conducted under an approved 10b5-1 Plan, adoption date of referenced 10b5-1(c) plan is: 06-01-2023.
F4 This transaction was executed in multiple trades at prices ranging from $56.575 to $57.48. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F5 This transaction was executed in multiple trades at prices ranging from $57.64 to $58.08. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F6 Each Restricted Stock Unit (RSU) represents a right to receive one share of the Issuer's common stock without payment of specific consideration.
F7 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.
F8 Not applicable.