SEC Form 4 · accession 0000950103-18-002566
Penguin Solutions, Inc. · PENG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce M Goldberg
Officer — VP, Chief Legal Officer
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 6:50 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,F2 | Feb 23, 2018 | M | 2,500 | $32.775 | A | 13,391 | D | |
| Ordinary Shares | Feb 23, 2018 | S | 1,634 | $32.5693 | D | 11,757 | D | |
| Ordinary Shares | Feb 23, 2018 | S | 866 | $33.1632 | D | 10,891 | 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)F3 | $2.64 | Feb 23, 2018 | M | 2,500 | D | — | Feb 5, 2024 | Ordinary Shares | 1,634 | 11,666 | D |
Explanation of responses
- F1Shares sold pursuant to a previously established Rule 10b5-1 Plan.
- F2The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $32.06 to $33.21. 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 ranges set forth in footnote (2) to this Form 4
- F3The original option vested 50% in May 2017 with the remainder vesting quarterly through May 2018.