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Share Name | Share Symbol | Market | Type |
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(MM) | NASDAQ:SIMG | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.30 | 0 | 01:00:00 |
SILICON IMAGE, INC.
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(Exact name of Registrant as Specified in its Charter)
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Delaware
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(State or Other Jurisdiction of Incorporation)
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000-26887
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77-0396307
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(Commission File Number)
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(IRS Employer Identification No.)
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1140 East Arques Ave., Sunnyvale, CA
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94085
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(Address of Principal Executive Offices)
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(Zip Code)
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(408) 616-4000
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(Registrant’s Telephone Number, Including Area Code)
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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In connection with his service as a director, Mr. Padval will receive the Registrant’s standard non-employee director cash and equity compensation. Mr. Padval will receive a pro-rata portion of the $35,000 annual retainer for his service through the remaining portion of the year ending December 31, 2014. In addition, for his service on the Board, Mr. Padval will be granted 15,000 restricted stock units (“RSUs”) under the Registrant’s 2008 Equity Incentive Plan as an initial RSU Grant (the “Initial RSU Grant”). The Initial RSU Grant will vest as to 100% on the first anniversary of the grant date, will become fully vested upon a change of control and will terminate on the date the director ceases to provide services to the Registrant. Per the Registrant’s standard non-employee director cash and equity compensation practices, immediately following each annual meeting of stockholders, Mr. Padval will also be granted RSUs having a grant value of $75,000, with the number of shares determined as of the grant date by dividing the grant value by the thirty (30) day trailing average of the closing price of our stock reported on the NASDAQ Global Select Market (the “Annual Retainer RSU Grant”). The Annual Retainer RSU Grant will vest 100% on the earlier of the first anniversary of the grant date or the date of the Registrant’s first annual meeting of stockholders following the grant date, will become fully vested upon a change of control and will terminate on the date the director ceases to provide services to the Registrant.
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SILICON IMAGE, INC.
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By:
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/s/ Edward Lopez
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Edward Lopez
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Chief Legal and Administrative Officer
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