SEC Form 4 · accession 0001437749-16-024808
MONOLITHIC POWER SYSTEMS, INC. · MPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Saria Tseng
Officer — VP & General Counsel
Period of report
Feb 2, 2016
Accepted (ET)
Feb 4, 2016 · 6:41 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 2, 2016 | A | 90,284 | $0.00 | A | 348,079 | D | |
| Common Stock | Feb 4, 2016 | S | 22,057 | $57.9337 | D | 326,022 | D | |
| Common Stock | holding | — | — | — | 2,000 | I | S. Tseng Charity Fund |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 4, 2014, the reporting person was granted a target of 32,831 shares of restricted stock units subject to satisfaction of pre-determined, performance-based vesting criteria. On February 2, 2016, the Company's Board of Directors determined that those performance criteria for the restricted stock units had been satisfied, which resulted in 57,453 additional shares being achieved and granted to the reporting person. Of the restricted stock units that were awarded, 45,143 will vest immediately and 45,141 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.