SEC Form 4 · accession 0000950103-18-007706
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
Jun 22, 2018
Accepted (ET)
Jun 25, 2018 · 4:16 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 SharesF1 | Jun 22, 2018 | M | 3,442 | $11.55 | A | 14,333 | D | |
| Ordinary SharesF2 | Jun 22, 2018 | S | 2,317 | $35.22 | D | 12,016 | D | |
| Ordinary SharesF3 | Jun 22, 2018 | S | 948 | $35.89 | D | 11,068 | D | |
| Ordinary SharesF4 | Jun 22, 2018 | S | 177 | $39.64 | 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)F5 | $11.55 | Jun 22, 2018 | M | 3,442 | D | — | May 23, 2026 | Ordinary Shares | 3,442 | 7,173 | D |
Explanation of responses
- F1The sales were effective pursuant to a Rule 10b5-1 Plan adopted by the reporting person on 10/25/2017.
- F2The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $34.67 to $35.61. 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 ranges.
- F3The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $35.67 to $36.31. 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 ranges.
- F4The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $39.35 to $40.02. 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 such ranges.
- F5The original option vested and became exercisable 50% in May 2017 with the remainder vesting quarterly through May 2018.