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SIMG > SEC Filings for SIMG > Form 8-K on 21-Apr-2009All Recent SEC Filings

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Form 8-K for SILICON IMAGE INC


21-Apr-2009

Change in Directors or Principal Officers


ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On April 15, 2009, Silicon Image, Inc. ("Registrant") made the equity grants set forth below, in the form of restricted stock units ("RSUs"), to its named executive officers. Each RSU is subject to the terms and conditions of the Registrant's 2008 Equity Incentive Plan and represents the right to receive one share of the Registrant's common stock upon vesting.

None of the RSUs were vested on the grant date. The RSUs will vest with respect to 10% of the total number of shares on April 15, 2010, 20% of the total number of shares on April 15, 2011, 30% of the total number of shares on April 15, 2012, and 40% of the total number of shares on April 15, 2013. No shares will vest as to any of the grants, upon any of the vesting dates, unless the recipient continues to provide services to the Registrant as of each vesting date.

                Name and Title                    Number of RSUs
Harold Covert,
Chief Financial Officer                                   150,000
J. Duane Northcutt
Chief Technology Officer                                   50,000
Sal Cobar,
Vice President of Worldwide Sales                          75,000
Peter Rado,
Vice President, Worldwide Operations & Quality             75,000


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