SEC Form 4 · accession 0000310568-15-000230
MICROSEMI CORP · MSCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul H Pickle
Officer — President & COO
Period of report
Nov 3, 2015
Accepted (ET)
Nov 5, 2015 · 9:10 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 | Nov 3, 2015 | M | 60,802 | $0.00 | A | 111,661 | D | |
| Microsemi Common StockF1 | Nov 3, 2015 | F | 31,729 | $36.51 | D | 79,932 | D | |
| Microsemi Common StockF2 | Nov 3, 2015 | S | 29,073 | $36.1818 | D | 50,859 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF3 | — | Nov 3, 2015 | M | 31,346 | D | — | — | Microsemi Common Stock | 31,346 | 0 | D |
| Performance RightsF4 | — | Nov 3, 2015 | M | 29,456 | D | — | — | Microsemi Common Stock | 29,456 | 0 | D |
Explanation of responses
- F1Amount represents shares withheld to satisfy tax withholdings in connection with the vesting of previously awarded performance rights.
- F2The transactions reported on this form were executed pursuant to a 10b5-1 plan.
- F3Each Performance Right represents a right to receive one share of Microsemi common stock. A target of 50,355 Performance Rights was granted on 11/12/2013 and between 0% and 250% of the target number may be earned over a three-year performance period incorporating Microsemi's fiscal year 2014, 2015 and 2016. This transaction reflects the number of shares earned in the second year of the performance period and a total of 41,921 shares were earned in the first two years of the performance period.
- F4Each Performance Right represents a right to receive one share of Microsemi common stock. A target of 73,641 Performance Rights was granted on 11/03/2014 and between 0% and 270% of the target number may be earned over a three-year performance period incorporating Microsemi's fiscal year 2015, 2016 and 2017. This transaction reflects the number of shares earned in the first year of the performance period.