SEC Form 4 · accession 0001280452-19-000027
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 11, 2019
Accepted (ET)
Feb 13, 2019 · 5:15 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 11, 2019 | A | 43,893 | $30.00 | A | 97,800 | D | |
| Common Stock | Feb 12, 2019 | S | 12,656 | $130.6571 | D | 85,144 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 7, 2017, the reporting person was granted a target of 16,882 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 11, 2019, the Company's Compensation Committee of the Board of Directors determined and approved the achievement of the performance criteria for the restricted stock units, which resulted in 27,011 additional shares being earned by the reporting person. Of the restricted stock units that were awarded, 21,947 will vest immediately and 21,946 will vest quarterly in the next two years.
- F2The reported sales were to cover taxes upon the vesting of restricted stock units, as required by the Company's equity incentive plans.