SEC Form 4 · accession 0000310568-17-000207
MICROSEMI CORP · MSCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J Peterson
Officer — Chairman of the Board & CEO · Director
Period of report
Nov 7, 2017
Accepted (ET)
Nov 9, 2017 · 9:21 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 7, 2017 | M | 111,992 | $0.00 | A | 271,938 | D | |
| Microsemi Common Stock | Nov 7, 2017 | F | 58,440 | $55.16 | D | 213,498 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF1 | — | Nov 7, 2017 | M | 44,381 | A | — | — | Microsemi Common Stock | 44,381 | 0 | D |
| Performance RightsF2 | — | Nov 7, 2017 | M | 67,611 | A | — | — | Microsemi Common Stock | 67,611 | 0 | D |
Explanation of responses
- F1Each Performance Right represents a right to receive one share of Microsemi common stock. A target of 161,387 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 third year of the performance period and a total of 205,768 were earned over the three-year performance period.
- F2Each Performance Right represents a right to receive one share of Microsemi common stock. A target of 116,410 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 second year of the performance period and a total of 114,175 were earned in the first two years of the performance period.