SEC Form 4 · accession 0001111928-17-000010
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
Dec 31, 2016
Accepted (ET)
Jan 5, 2017 · 4:13 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 | Dec 31, 2016 | F | 120 | $0.00 | D | 10,951 | D | |
| Common Stock | Jan 3, 2017 | M | 2,500 | $53.76 | A | 13,451 | D | |
| Common StockF2 | Jan 3, 2017 | D | 2,500 | $98.60 | D | 10,951 | 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)F3 | $53.76 | Jan 3, 2017 | M | 2,500 | D | — | Feb 28, 2021 | Common Stock | 2,500 | 7,500 | D |
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 28, 2016.
- F2The reported transaction involves sales transactions from $98.14 to $99.47 per share. The weighted average price per share was $98.60. 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.