Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  RAUSCHMAYER JOSEPH
2. Date of Event Requiring Statement (Month/Day/Year)
04/28/2016
3. Issuer Name and Ticker or Trading Symbol
CYPRESS SEMICONDUCTOR CORP /DE/ [CY]
(Last)
(First)
(Middle)
198 CHAMPION COURT
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, Manufacturing
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN JOSE, CA 95134
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 112,186
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) (1) 01/31/2012(2) 01/31/2018 Common Stock 7 (3) $ 8.1 (3) D  
Stock Option (Right to Buy) (1) 01/31/2013(4) 01/31/2019 Common Stock 18,017 (3) $ 4.09 (3) D  
Stock Option (Right to Buy) (1) 01/31/2014(5) 01/31/2020 Common Stock 37,965 (3) $ 4.69 (3) D  
Restricted Stock Units (6)   (7)   (7) Common Stock 2,764 $ (7) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RAUSCHMAYER JOSEPH
198 CHAMPION COURT
SAN JOSE, CA 95134
      EVP, Manufacturing  

Signatures

/S/ Pamela Tondreau, as attorney-in-fact 05/06/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Received as provided in the Agreement and Plan of Merger and Reorganization dated as of December 1, 2014 (the "Merger Agreement" and, the transactions contemplated therein, the "Merger"), by and among the Issuer, Mustang Acquisition Corporation (a wholly owned subsidiary of the Issuer) and Spansion Inc. ("Spansion") in exchange for a stock option to purchase shares of Spansion common stock. The number of shares underlying this option and the exercise price thereof were adjusted to reflect the Exchange Ratio as provided in the Merger Agreement whereby each share of Spansion common stock was canceled and automatically converted into 2.457 shares of Issuer common stock.
(2) The option, representing a right to purchase a total of seven (7) shares, became exercisable in three (3) equal annual installments beginning on January 1, 2012, which was the first anniversary of the date on which the option was granted. The option is fully vested.
(3) The number of shares underlying this option and the exercise price thereof were adjusted to reflect the Exchange Ratio, as provided in the Merger Agreement. This option is subject to the same terms and conditions as were applicable to the Spansion stock option from which it converted.
(4) The option, representing a right to purchase a total of 37,965 shares, became exercisable in three (3) equal annual installments beginning on January 1, 2013, which was the first anniversary of the date on which the option was granted. The option is fully vested.
(5) The option, representing a right to purchase a total of 18,017 shares, became exercisable in three (3) equal annual installments beginning on January 1, 2014, which was the first anniversary of the date on which the option was granted. The option is fully vested.
(6) Received in the Merger in exchange for a restricted stock unit award (the "RSU") representing a contingent right to receive shares of Spansion common stock. The number of shares subject to this RSU was adjusted to reflect the Exchange Ratio, as provided in the Merger Agreement.
(7) This RSU represents a contingent right to receive Issuer common stock on a one-for-one basis, being subject to the same terms and conditions as were applicable to the Spansion RSU from which it converted. The RSU vests in equal quarterly installments beginning April 30, 2015.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.