Statement of Changes in Beneficial Ownership (4)
August 19 2013 - 2:14PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
LOPEZ EDWARD
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2. Issuer Name
and
Ticker or Trading Symbol
SILICON IMAGE INC
[
SIMG
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Chief Legal and Admin.Officer
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(Last)
(First)
(Middle)
1140 EAST ARQUES AVE.
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3. Date of Earliest Transaction
(MM/DD/YYYY)
8/15/2013
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(Street)
SUNNYVALE, CA 94085
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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8/15/2013
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A
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3125
(1)
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A
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$0
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81520
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D
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Common Stock
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8/15/2013
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F
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1175
(2)
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D
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$5.35
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80345
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D
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Common Stock
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8/15/2013
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F
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1175
(2)
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D
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$5.35
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79170
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D
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Common Stock
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8/16/2013
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F
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470
(2)
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D
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$5.32
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78700
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Performance Shares
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$0
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8/15/2013
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A
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60000
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12/31/2014
(3)
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(4)
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Common Stock
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60000
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$0
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72500
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D
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Explanation of Responses:
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(
1)
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On August 15, 2012, the reporting person was granted 12,500 RSUs, with vesting subject to certain performance-based criteria. On August 15, 2013, these RSUs vested as to 25% of the total number of shares granted due to the achievement of the performance-based criteria that the average of the closing prices per share of the Registrant's common stock (calculated using the closing price per share of the Registrant's common stock as reported on the NASDAQ National Market) for the sixty (60) day period ending on August 14, 2013 be equal to or greater than $4.52. See Registrant's Current Report on Form 8-K filed on August 22, 2012.
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(
2)
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Represents shares withheld from the released restricted stock units for the payment of applicable income and payroll withholding taxes due on release.
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(
3)
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The performance-based restricted stock units ("PBRSUs") will vest as follows: 40% of the total number of shares shall vest on 12/31/14, 30% of the total number of shares shall vest on 12/31/15, 20% of the total number of shares shall vest on 12/31/16 and 10% of the total number of shares shall vest on 12/31/17, provided that the Registrant's GAAP earnings per share (EPS) for the fiscal year ending on each Vesting Date (as evidenced by the Registrant's audited financial results and confirmed by the Compensation Committee) is equal to or greater than the target GAAP EPS for each such fiscal year established by the Compensation Committee. No shares will vest as to any of the grants listed herein, upon any of the Vesting Dates unless the recipient continues to provide services to the Registrant as of such Vesting Date.
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(
4)
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Any PBRSUs not vesting on a Vesting Date due to the Registrant's GAAP EPS for the fiscal year in question not meeting the target for such fiscal year established by the Compensation Committee shall be forfeited.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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LOPEZ EDWARD
1140 EAST ARQUES AVE.
SUNNYVALE, CA 94085
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Chief Legal and Admin.Officer
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Signatures
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By: Liz Casolari, Attorney in Fact For: Edward Lopez
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8/19/2013
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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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