SEC Form 4 · accession 0000310568-15-000112
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
May 22, 2015
Accepted (ET)
May 27, 2015 · 7:48 pm EDT
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 StockF1 | May 22, 2015 | M | 11,200 | $25.27 | A | 78,017 | D | |
| Microsemi Common StockF1 | May 22, 2015 | S | 11,200 | $35.0039 | 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 | $25.27 | May 22, 2015 | M | 11,200 | D | — | Sep 26, 2015 | Microsemi Common Stock | 11,200 | 73,600 | D |
Explanation of responses
- F1The transactions reported on this form were executed pursuant to a 10b5-1 plan.
- F2This grant of stock options was issued pursuant to Microsemi Corporation's 1987 Stock Plan, which satisfies the requirements of Rule 16b-3. These options were fully vested and exercisable immediately upon grant. Resale restrictions on shares purchable under these options lapsed in five equal, annual installments measured from the option grant date.