SEC Form 4 · accession 0001111928-18-000036
IPG PHOTONICS CORP · IPGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy PV Mammen
Officer — SVP, Chief Financial Officer
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 5:06 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 | Mar 1, 2018 | M | 5,000 | $58.65 | A | 38,040 | D | |
| Common Stock | Mar 1, 2018 | M | 7,500 | $60.11 | A | 45,540 | D | |
| Common StockF2 | Mar 1, 2018 | S | 12,500 | $243.41 | D | 33,040 | D | |
| Common StockF3 | Mar 1, 2018 | A | 5,864 | $0.00 | A | 38,904 | D | |
| Common Stock | Mar 1, 2018 | F | 1,298 | $0.00 | D | 37,606 | 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 | $58.65 | Mar 1, 2018 | M | 5,000 | D | — | Feb 13, 2022 | Common Stock | 5,000 | 0 | D |
| Employee Stock Option (right to buy)F5 | $60.11 | Mar 1, 2018 | M | 7,500 | D | — | Feb 28, 2023 | Common Stock | 7,500 | 7,500 | 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 December 14, 2017.
- F2The reported transaction involves sales transactions from $239.79 to $246.08 per share. The weighted average price per share was $243.41. 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.
- F3Represents performance share units for which performance criteria is satisfied but which remain subject to service-based vesting on March 1, 2019.
- F4Option vesting in four equal quarterly installments commencing on March 31, 2016.
- F5Option vesting in one installment on March 1, 2017