SEC Form 4 · accession 0001437749-16-037350
Silicon Graphics International Corp · SGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kirk O Williams
Officer — SVP, Gen. Counsel & Corp. Sec.
Period of report
Aug 10, 2016
Accepted (ET)
Aug 12, 2016 · 9:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001316625
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | Aug 10, 2016 | A | 7,500 | A | — | — | Common Stock | 7,500 | 40,282 | D |
| Performance-Based Restricted Stock UnitsF1,F4,F3 | — | Aug 10, 2016 | A | 1,250 | A | — | — | Common Stock | 1,250 | 1,250 | D |
| Performance-Based Restricted Stock UnitsF1,F5,F3 | — | Aug 10, 2016 | A | 1,250 | A | — | — | Common Stock | 1,250 | 2,500 | D |
| Performance-Based Restricted Stock UnitsF1,F6,F3 | — | Aug 10, 2016 | A | 4,375 | A | — | — | Common Stock | 4,375 | 6,875 | D |
| Performance-Based Restricted Stock UnitsF1,F7,F3 | — | Aug 10, 2016 | A | 4,375 | A | — | — | Common Stock | 4,375 | 11,250 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Common Stock.
- F2This restricted stock unit award will vest over (3) three years, vesting 1/12 of the shares quarterly.
- F3Restricted Stock Units have no expiration date.
- F4This performance-based restricted stock unit award grant (PSU) is subject to a Total Stockholder Return performance metric determined by the Compensation Committee of the Company's Board of Directors (Compensation Committee). Vesting for this PSU is 33% one year after the initial grant date, with quarterly vesting over the remaining 2 years if the performance metric is deemed obtained by the Compensation Committee. Upon a change in control of the Company, such performance metric will be deemed obtained.
- F5This PSU is subject to performance metrics: 50% revenue and 50% operating income as determined by the Compensation Committee. Vesting for this PSU is 33% one year after the initial grant date, with quarterly vesting over the remaining 2 years if the performance metrics are deemed obtained by the Compensation Committee. Upon a change in control of the Company, such performance metrics will be deemed obtained.
- F6This PSU is subject to a Total Stockholder Return performance metric determined by the Compensation Committee. Vesting for this PSU is 25% one year after the initial grant date of June 27, 2016, with quarterly vesting over the remaining 3 years if the performance metric is deemed obtained by the Compensation Committee. Upon a change in control of the Company, such performance metric will be deemed obtained.
- F7This PSU is subject to performance metrics: 50% revenue and 50% operating income as determined by the Compensation Committee. Vesting for this PSU is 25% one year after the initial grant date of June 27, 2016, with quarterly vesting over the remaining 3 years if the performance metrics are deemed obtained by the Compensation Committee. Upon a change in control of the Company, such performance metrics will be deemed obtained.