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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Option (Right to Buy) | 10/01/2009(1) | 10/01/2015 | Common Stock | 100,000 | $16.34 | D | |
| Deferred Stock Units | 10/01/2011 | 10/01/2011 | Common Stock | 25,000(2) | $0 | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| LOFTUS, DAVID Intersil Corporation 1001 Murphy Ranch Road Milpitas, CA 95035 |
SVP, WW Sales & Corp Mktg | |||
| David Loftus | 11/07/2008 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | This option shall become exerciseable as it vests. Options outstanding vest over a 4 year period with 25% of the options becoming exerciseable upon the first anniversary of the date of grant with remaining options vesting at 6.25% per quarter thereafter. |
| (2) | This award of Deferred Stock Units is performance-based (PDSUs). The number of performance shares ultimately earned could range from 0-150% of the total number of PDSUs granted based upon Intersil's revenue growth and Intersil's growth in operating income over a 3 year period relative to its peer group (as determined by the Compensation Committee of the Board of Directors). PDSUs are paid in Common Stock upon vesting. Recipient of this award may elect to defer receipt of Common Stock by making a deferral election in accordance with the terms of the Plan. |