SEC Form 4 · accession 0000310568-16-000472
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 8, 2016
Accepted (ET)
Nov 10, 2016 · 9:05 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 8, 2016 | M | 98,846 | $0.00 | A | 138,525 | D | |
| Microsemi Common StockF1 | Nov 8, 2016 | S | 98,846 | $46.799 | D | 39,679 | D | |
| Microsemi Common StockF2 | Nov 8, 2016 | A | 6,894 | $0.00 | A | 46,573 | D | |
| Microsemi Common Stock | Nov 8, 2016 | F | 3,598 | $47.84 | D | 42,975 | D | |
| Microsemi Common StockF1 | Nov 9, 2016 | S | 3,296 | $47.4543 | D | 39,679 | 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 8, 2016 | M | 33,410 | D | — | — | Microsemi Common Stock | 33,410 | 0 | D |
| Performance RightsF4 | — | Nov 8, 2016 | M | 44,185 | D | — | — | Microsemi Common Stock | 44,185 | 0 | D |
| Performance RightsF5 | — | Nov 8, 2016 | M | 21,251 | D | — | — | Microsemi Common Stock | 21,251 | 0 | D |
Explanation of responses
- F1This transaction was executed pursuant to a 10b5-1 plan.
- F2Shares issued by Microsemi as part of the reporting person's bonus for fiscal year 2016.
- F3Each Performance Right represents a right to receive one share of Microsemi common stock. A target of 50,355 Performance Rights was granted on 11/04/2013 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 third year of the performance period and a total of 75,331 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 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 second year of the performance period and a total of 73,641 were earned in the first two years of the performnce period.
- F5Each Performance Right represents a right to receive one share of Microsemi common stock. A target of 53,128 Performance Rights was granted on 10/12/2015 and between 0% and 270% of the target number may be earned over a three-year performance period incorporating Microsemi's fiscal year 2016, 2017 and 2018. This transaction reflects the number of shares earned in the first year of the performance period.