SEC Form 4 · accession 0001111928-18-000070
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
May 10, 2018
Accepted (ET)
May 11, 2018 · 4:18 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 | May 10, 2018 | M | 4,000 | $58.65 | A | 22,573 | D | |
| Common Stock | May 10, 2018 | M | 2,000 | $60.11 | A | 24,573 | D | |
| Common StockF2 | May 10, 2018 | S | 6,000 | $250.44 | D | 18,573 | 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 | $58.65 | May 10, 2018 | M | 4,000 | D | — | Feb 13, 2022 | Common Stock | 4,000 | 0 | D |
| Employee Stock Option (right to buy)F4 | $60.11 | May 10, 2018 | M | 2,000 | D | — | Feb 28, 2023 | Common Stock | 2,000 | 0 | 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 March 2, 2018.
- F2The reported transaction involves purchase transactions from 250.00 to $251.12 per share. The weighted average price per share was $250.44. 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 purchased at each separate price.
- F3Options vest in four equal quarterly installments commencing March 31, 2016.
- F4Options vest in one installment on March 1, 2017.