SEC Form 4 · accession 0000310568-15-000022
MICROSEMI CORP · MSCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven G Litchfield
Officer — EVP & Chief Strategy Officer
Period of report
Feb 2, 2015
Accepted (ET)
Feb 4, 2015 · 8:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000310568
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Microsemi Common Stock | Feb 2, 2015 | M | 35,000 | $16.17 | A | 101,817 | D | |
| Microsemi Common StockF1 | Feb 2, 2015 | S | 35,000 | $28.00 | D | 66,817 | 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 Option to Buy Common StockF2 | $16.17 | Feb 2, 2015 | M | 35,000 | D | — | Mar 28, 2015 | Microsemi Common Stock | 35,000 | 170,000 | D |
Explanation of responses
- F1The transactions reported on this form were executed pursuant to a 10b5-1 plan.
- F2This stock option was granted pursuant to Microsemi Corporation's 1987 Stock Plan, which satisfies the requirements of Rule 16b-3. The option became exercisable in four equal installments, commencing one year after the date of the grant.