SEC Form 4 · accession 0001280452-18-000023
MONOLITHIC POWER SYSTEMS, INC. · MPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore Blegen
Officer — CFO
Period of report
Feb 7, 2018
Accepted (ET)
Feb 8, 2018 · 8:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001280452
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 7, 2018 | A | 29,650 | $20.00 | A | 69,536 | D | |
| Common StockF2 | Feb 7, 2018 | A | 999 | $20.00 | A | 70,535 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 19, 2016, the reporting person was granted a target of 12,067 shares of restricted stock units, with the right to earn up to 300% of the target shares, subject to satisfaction of pre-determined, performance-based vesting criteria. On February 7, 2018, the Company's Board of Directors determined that those performance criteria for the restricted stock units had been satisfied, which resulted in 17,583 additional shares being achieved and earned by the reporting person. Of the restricted stock units that were awarded, 14,825 will vest immediately and 14,825 will vest quarterly over two years beginning on July 19, 2018.
- F2On February 2, 2016, the reporting person was granted a target of 641 shares of restricted stock units, with the right to earn up to 200% of the target shares, subject to satisfaction of pre-determined, performance-based vesting criteria. On February 7, 2018, the Company's Board of Directors determined that those performance criteria for the restricted stock units had been satisfied, which resulted in 358 additional shares being achieved and earned by the reporting person. Of the restricted stock units that were awarded, 500 will vest February 17, 2018 and 499 will vest quarterly over two years.