SEC Form 4 · accession 0001111928-17-000153
IPG PHOTONICS CORP · IPGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eugene A Shcherbakov
Officer — SVP, MD IPG Laser GmbH · Director · 10% Owner
Period of report
Oct 16, 2017
Accepted (ET)
Oct 18, 2017 · 6:59 pm EDT
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 | Oct 16, 2017 | M | 1,000 | $15.82 | A | 16,957 | D | |
| Common Stock | Oct 16, 2017 | M | 2,000 | $53.76 | A | 18,957 | D | |
| Common Stock | Oct 16, 2017 | M | 3,000 | $58.65 | A | 21,957 | D | |
| Common Stock | Oct 16, 2017 | M | 3,500 | $60.11 | A | 25,457 | D | |
| Common StockF2 | Oct 16, 2017 | S | 9,500 | $198.79 | D | 15,957 | 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 | $15.82 | Oct 16, 2017 | M | 1,000 | D | — | Feb 25, 2020 | Common Stock | 1,000 | 2,000 | D |
| Employee Stock Option (right to buy)F4 | $53.76 | Oct 16, 2017 | M | 2,000 | D | — | Feb 28, 2021 | Common Stock | 2,000 | 6,000 | D |
| Employee Stock Option (right to buy)F5 | $58.65 | Oct 16, 2017 | M | 3,000 | D | — | Feb 13, 2022 | Common Stock | 3,000 | 4,000 | D |
| Employee Stock Option (right to buy)F6 | $60.11 | Oct 16, 2017 | M | 3,500 | D | — | Feb 28, 2023 | Common Stock | 3,500 | 6,000 | 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 September 13, 2017.
- F2The reported transaction involves sales transactions from $198.04 to $199.41 per share. The weighted average price per share was $198.79. 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.
- F3Option vests in four quarterly installments commencing on March 31, 2014.
- F4Option vests in four quarterly installments commencing on March 31, 2015.
- F5Option vests in four quarterly installments commencing on March 31, 2016.
- F6Option vests in one installment on March 1, 2017.