SEC Form 4 · accession 0000950103-17-011503
Penguin Solutions, Inc. · PENG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack A Pacheco
Officer — Senior VP, CFO, COO
Period of report
Nov 21, 2017
Accepted (ET)
Nov 22, 2017 · 4:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001616533
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Nov 21, 2017 | M | 7,500 | $11.55 | A | 112,243 | D | |
| Ordinary SharesF1,F2 | Nov 21, 2017 | S | 700 | $34.03 | D | 111,543 | D | |
| Ordinary SharesF1,F2 | Nov 21, 2017 | S | 3,700 | $35.19 | D | 107,843 | D | |
| Ordinary SharesF1,F2 | Nov 21, 2017 | S | 2,800 | $36.11 | D | 105,043 | D | |
| Ordinary SharesF1,F2,F3 | Nov 21, 2017 | S | 300 | $36.69 | D | 104,743 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F4 | $11.55 | Nov 21, 2017 | M | 7,500 | D | — | May 23, 2026 | Ordinary Shares | 7,500 | 83,253 | D |
Explanation of responses
- F1Shares sold pursuant to a previously established Rule 10b5-1 Plan.
- F2This is a weighted average sale price. Shares reported in each line item were sold in multiple transactions at prices in the following ranges, respectively: from $33.475 to $34.35; from $34.45 to $35.52; from $35.56 to $36.51; and from $36.61 to $36.76. 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 foregoing ranges.
- F3Includes Restricted Stock Units.
- F4These options vested 50% in May 2017 with the remainder vesting quarterly through May 2018.