SEC Form 4 · accession 0001140361-16-066850
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
May 23, 2016
Accepted (ET)
May 24, 2016 · 4:17 pm EDT
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 | May 23, 2016 | M | 1,384 | $16.70 | A | 25,054 | D | |
| Common Stock | May 23, 2016 | S | 1,384 | $50.00 | D | 23,670 | 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)F2 | $16.70 | May 23, 2016 | M | 1,384 | D | Aug 5, 2012 | Aug 5, 2021 | Common Stock | 1,384 | 1,289 | D |
Explanation of responses
- F1These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2015.
- F2The option vested as follows: 25% of the shares subject to the option vested on the date shown, which was one year after the date of grant, and an additional 6.25% of the shares subject to the option vested each calendar quarter thereafter over the next twelve quarters.