Sec Form 4 Filing - HARDMAN SUSAN J @ INTERSIL CORP/DE - 2014-04-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
HARDMAN SUSAN J
2. Issuer Name and Ticker or Trading Symbol
INTERSIL CORP/DE [ ISIL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, AMS Products Group
(Last) (First) (Middle)
C/O INTERSIL CORPORATION, 1001 MURPHY RANCH ROAD
3. Date of Earliest Transaction (MM/DD/YY)
04/01/2014
(Street)
MILPITAS, CA95035
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/01/2014 M 5,625 A $ 0 79,066.33 ( 1 ) ( 3 ) D
Common Stock 04/01/2014 F 2,090 D $ 13.13 76,976.33 D
Common Stock 04/01/2014 M 10,000 A $ 0 86,976.33 D
Common Stock 04/01/2014 F 3,758 ( 2 ) D $ 13.13 83,218.33 D
Common Stock 04/01/2014 S 1,416.78 ( 2 ) D $ 13.1004 81,801.55 D
Common Stock 04/02/2014 M 6,250 A $ 0 88,051.55 D
Common Stock 04/02/2014 F 2,326 D $ 13.36 85,725.55 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Time-Based Deferred Stock Units (DSUs) $ 0 04/01/2014 A 25,438 ( 4 ) 04/01/2018 Common Stock 25,438 ( 5 ) $ 0 25,438 D
Performance-Based Market Stock Units (MSUs) ( 7 ) $ 0 04/01/2014 A 25,590 ( 6 ) 04/01/2017 Common Stock 25,590 ( 5 ) ( 7 ) $ 0 25,590 D
Deferred Stock Units (DSUs) $ 0 04/01/2014 M 5,625 ( 4 ) 04/01/2015 Common Stock 5,625 ( 5 ) $ 0 5,625 D
Deferred Stock Units (DSUs) $ 0 04/01/2014 M 10,000 ( 4 ) 04/01/2017 Common Stock 10,000 ( 5 ) $ 0 30,000 D
Deferred Stock Units (DSUs) $ 0 04/02/2014 M 6,250 ( 4 ) 04/02/2016 Common Stock 6,250 ( 5 ) $ 0 12,500 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HARDMAN SUSAN J
C/O INTERSIL CORPORATION
1001 MURPHY RANCH ROAD
MILPITAS, CA95035
SVP, AMS Products Group
Signatures
Debbe Ceraolo-Johnson by Power of Attorney 04/03/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Number of shares beneficially owned includes 1416.78 shares of Intersil Common Stock that were automatically purchased on 3/31/2014 as a result of participation in the Intersil Corporation Employee Stock Purchase Plan.
( 2 )A total of 1416.78 shares sold automatically on 4/1/2014 in compliance with Intersil's ESPP Quick Sale Program in which recipient participates.
( 3 )Number of shares beneficially owned includes 17096.61 shares of Intersil Common Stock held by recipient's spouse.
( 4 )The time-based DSU award will vest 25% per year on the anniversary of the date of the award.
( 5 )Reflects the receipt of Common Stock upon the vesting of DSUs and MSUs. Each DSU and MSU has the economic equivalent of one share of Intersil Common Stock.
( 6 )The performance-based MSU award will become vested, if at all, on the third anniversary of the date of the award.
( 7 )The amount of the MSU award upon vesting may be as low as 0 shares and as high as 51,180 shares, depending on Intersil's performance relative to pre-established performance goals set by the Compensation Committee of the Board of Directors.

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