SEC Form 4 · accession 0001111928-17-000016
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
Jan 20, 2017
Accepted (ET)
Jan 25, 2017 · 4:40 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 | Jan 20, 2017 | M | 100 | $53.76 | A | 11,051 | D | |
| Common Stock | Jan 20, 2017 | D | 100 | $103.00 | D | 10,951 | D | |
| Common Stock | Jan 24, 2017 | M | 2,500 | $53.76 | A | 13,451 | D | |
| Common StockF2 | Jan 24, 2017 | D | 2,500 | $106.43 | D | 10,951 | D | |
| Common Stock | Jan 24, 2017 | M | 2,400 | $53.76 | A | 13,351 | D | |
| Common StockF3 | Jan 24, 2017 | D | 2,400 | $105.84 | 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)F4 | $53.76 | Jan 20, 2017 | M | 100 | D | — | Feb 28, 2021 | Common Stock | 100 | 7,400 | D |
| Employee Stock Options (right to buy)F4 | $53.76 | Jan 24, 2017 | M | 2,500 | D | — | Feb 28, 2021 | Common Stock | 2,500 | 4,900 | D |
| Employee Stock Options (right to buy)F4 | $53.76 | Jan 24, 2017 | M | 2,400 | D | — | Feb 28, 2021 | Common Stock | 2,400 | 2,500 | D |
Explanation of responses
- F1The sales reported in this Form 4 were 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 $106.01 to $106.82 per share. The weighted average price per share was $106.43. 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.
- F3The reported transaction involves sales transactions from $103.16 to $106.81 per share. The weighted average price per share was $105.84. 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.
- F4Options vest 25% on March 1, 2012 and the remainder in twelve equal quarterly installments commencing June 1, 2012.