SEC Form 4 · accession 0001394412-18-000002
GSI TECHNOLOGY INC · GSIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Schirle
Officer — CFO
Period of report
May 22, 2018
Accepted (ET)
May 23, 2018 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001126741
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 22, 2018 | M | 20,625 | $3.75 | A | 60,625 | D | |
| Common StockF1 | May 22, 2018 | S | 20,625 | $7.47 | D | 40,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy) | $3.75 | May 22, 2018 | M | 20,625 | D | Jun 3, 2012 | Aug 4, 2018 | Common Stock | 20,625 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.40 to $7.50, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.