SEC Form 4 · accession 0000310568-17-000209
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
Nov 7, 2017
Accepted (ET)
Nov 9, 2017 · 9:25 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 | 60,945 | $0.00 | A | 171,648 | D | |
| Microsemi Common Stock | Nov 7, 2017 | F | 31,803 | $55.16 | D | 139,845 | 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 | 17,766 | A | — | — | Microsemi Common Stock | 17,766 | 0 | D |
| Performance RightsF2 | — | Nov 7, 2017 | M | 27,065 | A | — | — | Microsemi Common Stock | 27,065 | 0 | D |
| Performance RightsF3 | — | Nov 7, 2017 | M | 16,114 | A | — | — | Microsemi Common Stock | 16,114 | 0 | D |
Explanation of responses
- F1Each Performance Right represents a right to receive one share of Microsemi common stock. A target of 64,603 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 82,369 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 46,600 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 45,705 were earned in the first two years of the performance period.
- F3Each Performance Right represents a right to receive one share of Microsemi common stock. The target number of 51,807 Performance Rights was granted on 10/10/16 and between 0% and 270% of the target number will be earned over a three-year performance period incorporating Microsemi's fiscal year 2017, 2018 and 2019. This transaction reflects the number of shares earned in the first year of the performance period.