SEC Form 4 · accession 0001140361-15-009643
Qorvo, Inc. · QRVO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James L Klein
Officer — VP and Pres. Infra. & Defense
Period of report
Feb 27, 2015
Accepted (ET)
Mar 2, 2015 · 4:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001604778
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 27, 2015 | M | 4,056 | $16.70 | A | 34,021 | D | |
| Common Stock | Feb 27, 2015 | M | 5,944 | $14.19 | A | 39,965 | D | |
| Common StockF1 | Feb 27, 2015 | S | 9,400 | $70.37 | D | 30,565 | D | |
| Common StockF2 | Feb 27, 2015 | S | 600 | $71.07 | D | 29,965 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $16.70 | Feb 27, 2015 | M | 4,056 | D | Aug 5, 2012 | Aug 5, 2021 | Common Stock | 4,056 | 8,112 | D |
| Stock Option (Right to Buy)F4 | $14.19 | Feb 27, 2015 | M | 5,944 | D | Jul 9, 2014 | Apr 9, 2022 | Common Stock | 5,944 | 19,945 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.94, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.00 to $71.18, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3The option vests as follows: 25% of the shares subject to the option vest on the date shown, which is one year after the date of grant, and an additional 6.25% of the shares subject to the option vest each calendar quarter thereafter over the next twelve quarters.
- F4The option vests in four quarterly installments beginning on this date.