SEC Form 4 · accession 0000950103-18-006442
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
May 21, 2018
Accepted (ET)
May 22, 2018 · 8:01 pm EDT
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 | May 21, 2018 | M | 7,500 | $11.55 | A | 117,819 | D | |
| Ordinary SharesF1,F2 | May 21, 2018 | S | 7,000 | $43.8337 | D | 110,819 | D | |
| Ordinary SharesF1,F3 | May 21, 2018 | S | 500 | $44.584 | D | 110,319 | 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 | May 21, 2018 | M | 7,500 | D | — | May 23, 2026 | Ordinary Shares | 7,500 | 38,253 | D |
Explanation of responses
- F1Shares sold pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on 10/25/17.
- F2The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $43.2100 to $44.2099. 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 such range.
- F3The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $44.2800 to $45.2799. 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 such range.
- F4The original option vested 50% in May 2017 with the remainder vesting quarterly through May 2018.