UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
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¨ Preliminary Proxy Statement
¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
¨ Definitive Proxy Statement
x Definitive Additional Materials
¨ Soliciting Material Pursuant to Section 240.14a-12
CYPRESS SEMICONDUCTOR CORPORATION
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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On April 1, 2011, Cypress Semiconductor Corporation (the “Company”) filed a Proxy Statement for its 2011 Annual Stockholders Meeting, to be held on May 13, 2011. The Company has been requested to provide additional information to show the breakdown of outstanding options under its Proposal Three - Proposal for the Approval of the Amendment to the 1994 Stock Plan (the “Plan”) to Approve Additional Shares.
On page 14 of the Proxy Statement, the Company disclosed that, as of March 1, 2011, options to purchase 31.3 million shares were outstanding under the Plan.
The Company provided the following additional information on April 25, 2011:
1) As of March 1, 2011, the number of stock options granted under the Plan that were outstanding for six (6) years or greater totaled 10,807,729 and had a weighted average exercise price of $3.7311.
2) The number of stock options granted under the Plan that were outstanding for five (5) years or greater totaled 12,944,310 and had a weighted average exercise price of $3.7101.
3) As of March 1, 2011, there were 20.5 million stock options outstanding under the Plan that have not been outstanding for more than six years. The weighted average exercise price of those stock options is $6.7588 and the weighted average remaining term is 6.47 years.
The following table provides additional information regarding these stock options:
Cypress Semiconductor Corporation
Outstanding Options @ 3/1/11
Greater than 6 Years
| Grant Date |
Expiration Date | Vesting Date | Option Price | Shares Outstanding |
||||||||||||||
| 3/28/2001 | 3/28/2011 | 3/28/2006 | $ | 3.900297 | 539 | |||||||||||||
| 5/14/2001 | 5/14/2011 | 5/14/2006 | $ | 4.470601 | 1,215 | |||||||||||||
| 5/29/2001 | 5/29/2011 | 5/29/2006 | $ | 1.963500 | 21,082 | |||||||||||||
| 6/13/2001 | 6/13/2011 | 6/13/2006 | $ | 5.781200 | 38,118 | |||||||||||||
| 7/9/2001 | 7/9/2011 | 7/9/2006 | $ | 5.179300 | 1,977,704 | |||||||||||||
| 8/8/2001 | 8/8/2011 | 8/8/2006 | $ | 6.057900 | 4,253 | |||||||||||||
| 8/10/2001 | 8/10/2011 | 8/10/2006 | $ | 5.963300 | 82,404 | |||||||||||||
| 9/27/2001 | 9/27/2011 | 9/27/2006 | $ | 0.876207 | 522 | |||||||||||||
| 10/8/2001 | 10/8/2011 | 10/8/2006 | $ | 4.087200 | 617,708 | |||||||||||||
| 1/3/2002 | 1/3/2012 | 1/3/2007 | $ | 1.334900 | 9,106 | |||||||||||||
| 1/8/2002 | 1/8/2012 | 1/8/2007 | $ | 5.327400 | 3,781 | |||||||||||||
| 2/8/2002 | 2/8/2012 | 2/8/2007 | $ | 4.890500 | 31,331 | |||||||||||||
| 2/22/2002 | 2/22/2012 | 2/22/2007 | $ | 4.611400 | 41,202 | |||||||||||||
| 3/8/2002 | 3/8/2012 | 3/8/2007 | $ | 6.077303 | 1,142 | |||||||||||||
| 5/8/2002 | 5/8/2012 | 5/8/2007 | $ | 5.388100 | 6,037 | |||||||||||||
| 6/10/2002 | 6/10/2012 | 6/10/2007 | $ | 4.346893 | 412 | |||||||||||||
| 8/8/2002 | 8/8/2012 | 8/8/2007 | $ | 2.684300 | 62,175 | |||||||||||||
| 9/9/2002 | 9/9/2012 | 9/9/2007 | $ | 2.191600 | 48,812 | |||||||||||||
| 10/1/2002 | 10/1/2012 | 10/1/2007 | $ | 1.563000 | 270,748 | |||||||||||||
| 11/19/2002 | 11/19/2012 | 11/19/2007 | $ | 1.322700 | 8,277 | |||||||||||||
| 1/8/2003 | 1/8/2013 | 1/8/2008 | $ | 1.458681 | 182 | |||||||||||||
| 1/21/2003 | 1/21/2013 | 1/21/2008 | $ | 1.347000 | 185,411 | |||||||||||||
| 2/10/2003 | 2/10/2013 | 2/10/2008 | $ | 1.303300 | 12,275 | |||||||||||||
| 3/10/2003 | 3/10/2013 | 3/10/2008 | $ | 1.446500 | 16,441 | |||||||||||||
| 3/27/2003 | 3/27/2013 | 3/27/2008 | $ | 1.788700 | 463,925 | |||||||||||||
| 6/9/2003 | 6/9/2013 | 6/9/2008 | $ | 2.893100 | 21,050 | |||||||||||||
| 7/8/2003 | 7/8/2013 | 7/8/2008 | $ | 3.320200 | 45,385 | |||||||||||||
| 8/7/2003 | 8/7/2013 | 8/7/2008 | $ | 3.208600 | 44,985 | |||||||||||||
| 8/8/2003 | 8/8/2013 | 8/8/2008 | $ | 3.106600 | 118,564 | |||||||||||||
| 8/22/2003 | 8/22/2013 | 8/22/2008 | $ | 4.162400 | 19,365 | |||||||||||||
| 9/8/2003 | 9/8/2013 | 9/8/2008 | $ | 4.482800 | 1,693 | |||||||||||||
| 10/8/2003 | 10/8/2013 | 10/8/2008 | $ | 4.718200 | 20,601 | |||||||||||||
| 10/23/2003 | 10/23/2013 | 10/23/2008 | $ | 4.757000 | 1,104,528 | |||||||||||||
| 11/10/2003 | 11/10/2013 | 11/10/2008 | $ | 5.366200 | 24,114 | |||||||||||||
| 12/8/2003 | 12/8/2013 | 12/8/2008 | $ | 5.028900 | 14,510 | |||||||||||||
| 12/15/2003 | 12/15/2013 | 12/15/2008 | $ | 4.902700 | 82,404 | |||||||||||||
| 1/2/2004 | 1/2/2014 | 1/2/2009 | $ | 5.172100 | 8,000 | |||||||||||||
| 1/8/2004 | 1/8/2014 | 1/8/2009 | $ | 5.514300 | 22,106 | |||||||||||||
| 2/9/2004 | 2/9/2014 | 2/9/2009 | $ | 5.225500 | 51,140 | |||||||||||||
| 2/17/2004 | 2/17/2014 | 2/17/2009 | $ | 5.276400 | 82,404 | |||||||||||||
| 3/8/2004 | 3/8/2014 | 3/8/2009 | $ | 5.191501 | 21,918 | |||||||||||||
| 4/8/2004 | 4/8/2014 | 4/8/2009 | $ | 5.067701 | 13,746 | |||||||||||||
| 4/19/2004 | 4/19/2014 | 4/19/2009 | $ | 4.060500 | 3,782 | |||||||||||||
| 5/10/2004 | 5/10/2014 | 5/10/2009 | $ | 3.538600 | 86,535 | |||||||||||||
| 6/8/2004 | 6/8/2014 | 6/8/2009 | $ | 3.951202 | 1,814 | |||||||||||||
| 7/8/2004 | 7/8/2014 | 7/8/2009 | $ | 2.846900 | 27,452 | |||||||||||||
| 8/9/2004 | 8/9/2014 | 8/9/2009 | $ | 2.499900 | 236,455 | |||||||||||||
| 9/8/2004 | 9/8/2014 | 9/8/2009 | $ | 2.118800 | 86,512 | |||||||||||||
| 11/3/2004 | 11/3/2014 | 11/3/2009 | $ | 1.058200 | 4,423 | |||||||||||||
| 11/8/2004 | 11/8/2014 | 11/8/2009 | $ | 2.696500 | 64,194 | |||||||||||||
| 12/8/2004 | 12/8/2014 | 12/8/2009 | $ | 2.412500 | 9,055 | |||||||||||||
| 1/3/2005 | 1/3/2015 | 1/3/2010 | $ | 2.769300 | 8,240 | |||||||||||||
| 1/10/2005 | 1/10/2015 | 1/10/2010 | $ | 2.512000 | 6,500 | |||||||||||||
| 2/3/2005 | 2/3/2015 | 2/3/2010 | $ | 2.766800 | 1,565,683 | |||||||||||||
| 2/8/2005 | 2/8/2015 | 2/8/2010 | $ | 3.121200 | 65,702 | |||||||||||||
| 2/10/2005 | 2/10/2015 | 2/10/2010 | $ | 3.247400 | 7,416 | |||||||||||||
| 2/25/2005 | 2/25/2015 | 2/25/2010 | $ | 3.531400 | 3,029,623 | |||||||||||||
| 2/25/2005 | 2/25/2015 | 2/25/2010 | $ | 8.829600 | 3,028 | |||||||||||||
|
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Total Options Outstanding at 3/1/11 |
|
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in excess of six years |
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10,807,729 | |||||||||||||||