SEC Form 4 · accession 0001111928-15-000037
IPG PHOTONICS CORP · IPGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Trevor Ness
Officer — SVP, Worldwide Sales & Mrkting
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 5:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001111928
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 25, 2015 | A | 2,997 | $0.00 | A | 9,656 | D | |
| Common Stock | Feb 25, 2015 | M | 7,500 | $53.76 | A | 17,156 | D | |
| Common StockF2 | Feb 24, 2015 | S | 7,500 | $96.71 | D | 9,656 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F1 | $97.65 | Feb 25, 2015 | A | 5,994 | A | — | Feb 24, 2025 | Common Stock | 5,994 | 5,994 | D |
| Employee Stock Options (right to buy)F3 | $53.76 | Feb 24, 2015 | M | 7,500 | D | — | Feb 28, 2021 | Common Stock | 7,500 | 10,000 | D |
Explanation of responses
- F1Grant of restricted stock units and stock options vesting in one installment March 1, 2019.
- F2The reported transaction involves sales transactions from $96.41 to $97.02 per share. The weighted average price per share was $96.70. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer information regarding the number of shares sold at each separate price.
- F3Options vest 25% on March 1, 2012 and the remainder in twelve equal quarterly installments commencing June 1, 2012.