SEC Form 4 · accession 0001209191-16-102285
Mellanox Technologies, Ltd. · MLNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Sultzbaugh
Officer — Sr. VP World Wide Sales
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 4:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001356104
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1,F2,F3 | Feb 23, 2016 | A | 20,000 | $0.00 | A | 83,928 | D | |
| Ordinary SharesF4,F3 | Feb 24, 2016 | S | 5,000 | $49.0281 | D | 78,928 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Share Units ("RSU's"). The Reporting Person is entitled to receive one (1) ordinary share for each one (1) RSU.
- F2RSU's shall vest at a rate of 12/48th of the original number of shares on May 1, 2017, and thereafter at a rate of 3/48th of the original number of shares on the first day of each quarterly period of August, November, February and May commencing on August 1, 2017, with the last 3/48th of the original number of shares vesting on May 1, 2020 so long as reporting person remains an officer or employee of the Company.
- F3Includes 48,250 unvested Restricted Share Units (RSU's). Upon vesting thereof, the Reporting Person is entitled to receive one (1) Ordinary Share for each one (1) RSU.
- F4This transaction was executed in multiple trades in prices ranging from $49.00 to $49.08. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a stockholder of the Issuer, information regarding the number of shares and prices at which the transaction was effected.