MARK JON NELSON - 19 Feb 2024 Form 4 Insider Report for LATTICE SEMICONDUCTOR CORP (LSCC)

Role
SVP, Sales
Signature
/s/ Tracy Feanny, Attorney in Fact For: Mark Jon Nelson
Issuer symbol
LSCC
Transactions as of
19 Feb 2024
Net transactions value
-$1,903,711
Form type
4
Filing time
21 Feb 2024, 14:25:07 UTC
Previous filing
20 Feb 2024
Next filing
22 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSCC Common Stock Award $0 +22,806 +73% $0.000000 53,908 19 Feb 2024 Direct F1, F2
transaction LSCC Common Stock Tax liability $846,581 -11,559 -21% $73.24 42,349 19 Feb 2024 Direct F3
transaction LSCC Common Stock Options Exercise $0 +713 +1.7% $0.000000 43,062 19 Feb 2024 Direct F2
transaction LSCC Common Stock Tax liability $26,513 -362 -0.84% $73.24 42,700 19 Feb 2024 Direct F3
transaction LSCC Common Stock Sale $906,066 -12,690 -30% $71.40 30,010 20 Feb 2024 Direct F4, F5
transaction LSCC Common Stock Sale $124,551 -1,727 -5.8% $72.12 28,283 20 Feb 2024 Direct F4, F6

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 -713 -1.8% $0.000000 38,893 19 Feb 2024 Common Stock 713 $0.000000 Direct F7, F8, F9
* 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 Represents shares issued upon achievement of the performance criteria of performance based restricted stock units (PRSUs) granted to the Reporting Person on February 19, 2021. These PRSUs vested on February 19, 2024.
F2 Restricted Stock Units (RSUs) - no purchase price for this transaction.
F3 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.
F4 The transaction indicated was conducted under an approved 10b5-1 Plan, adoption date of referenced 10b5-1(c) plan is: 08-24-2023.
F5 This transaction was executed in multiple trades at prices ranging from $70.99 to $71.98. 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 This transaction was executed in multiple trades at prices ranging from $72.07 to $72.195. 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.
F7 Each Restricted Stock Unit (RSU) represents a right to receive one share of the Issuer's common stock without payment of specific consideration.
F8 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.
F9 Not applicable.