Semtech COO Asaf Silberstein exercised Options for 2,439 shares at $0 on Sep. 10 and forfeited 1,241 shares at $163.94 per share. The reported results show his resulting holdings of 2,439 shares and 14,633 derivative securities, giving investors the disclosed ownership changes and transaction percentages.

Key Highlights

  • The forfeiture represented about 50.9% of Asaf Silberstein’s prior shares holding.
  • Silberstein owned 14,633 derivative securities after the option exercise.
  • The derivative-securities transaction represented about 14.3% of his prior derivative securities holding.

SEMTECH CORP (NASDAQ: SMTC) COO Asaf Silberstein exercised options for 2,439 shares at $0 on Sep. 10. The transaction was accompanied by a separate forfeiture of 1,241 shares at $163.94 per share.

Option Exercise and Share Forfeiture Details

The transactions used code M for the option exercises and code F for the forfeiture. After the forfeiture, Silberstein owned 1,198 shares of Semtech. A separate exercise involving 2,439 derivative securities left him with 14,633 derivative securities.

Reported Ownership Changes

The share exercise represented about 100.0% of Silberstein’s resulting shares holding. The forfeiture represented about 50.9% of his prior shares holding. The derivative-securities exercise represented about 14.3% of his prior derivative securities holding.