SEC Form 4 · accession 0000950103-18-000804
Penguin Solutions, Inc. · PENG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack A Pacheco
Officer — Executive VP, CFO, COO
Period of report
Jan 22, 2018
Accepted (ET)
Jan 24, 2018 · 4:48 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 SharesF1 | Jan 22, 2018 | M | 7,500 | $11.55 | A | 136,243 | D | |
| Ordinary SharesF2,F3,F1 | Jan 22, 2018 | S | 7,500 | $38.64 | D | 128,743 | 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 | Jan 22, 2018 | M | 7,500 | D | — | May 23, 2026 | Ordinary Shares | 7,500 | 68,253 | D |
Explanation of responses
- F1Includes restricted stock units.
- F2Shares sold pursuant to a previously established Rule 10b5-1 Plan.
- F3This is a weighted average sale price. Shares reported in each line item were sold in multiple transactions at prices in the following range: from $38.10 to $39.02. 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 range.
- F4The original option vested 50% in May 2017 with the remainder vesting quarterly through May 2018.