SEC Form 4 · accession 0000310568-15-000231
MICROSEMI CORP · MSCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Goren
Officer — SVP Bus Affairs, Compl, Legal
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 | 47,846 | $0.00 | A | 87,259 | D | |
| Microsemi Common StockF1 | Nov 3, 2015 | F | 23,736 | $36.51 | D | 63,523 | D | |
| Microsemi Common StockF2 | Nov 3, 2015 | S | 24,110 | $36.1832 | D | 39,413 | 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 | 12,286 | D | — | — | Microsemi Common Stock | 12,286 | 0 | D |
| Performance RightsF4 | — | Nov 3, 2015 | M | 18,332 | D | — | — | Microsemi Common Stock | 18,332 | 0 | D |
| Performance RightsF5 | — | Nov 3, 2015 | M | 17,228 | D | — | — | Microsemi Common Stock | 17,228 | 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 was executed pursuant to a 10b5-1 plan.
- F3Each Performance Right represents a right to receive one share of Microsemi common stock. A target of 29,000 Performance Rights was granted on 11/05/2012 and between 0% and 250% of the target number may have been earned over a three-year performance period incorporating Microsemi's fiscal year 2013, 2014 and 2015. This transaction reflects the number of shares earned in the final year of the performance period and a total of 32,053 shares were earned over the three-year performance period.
- F4Each Performance Right represents a right to receive one share of Microsemi common stock. A target of 29,450 Performance Rights was granted on 11/04/2013 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 24,517 shares were earned in the first two years of the performance period.
- F5Each Performance Right represents a right to receive one share of Microsemi common stock. A target of 43,070 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.