SEC Form 4 · accession 0000310568-17-000211
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 7, 2017
Accepted (ET)
Nov 9, 2017 · 9:27 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 | 69,482 | $0.00 | A | 88,512 | D | |
| Microsemi Common StockF1 | Nov 7, 2017 | S | 69,482 | $53.709 | D | 19,030 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF2 | — | Nov 7, 2017 | M | 20,251 | A | — | — | Microsemi Common Stock | 20,251 | 0 | D |
| Performance RightsF3 | — | Nov 7, 2017 | M | 30,857 | A | — | — | Microsemi Common Stock | 30,857 | 0 | D |
| Performance RightsF4 | — | Nov 7, 2017 | M | 18,374 | A | — | — | Microsemi Common Stock | 18,374 | 0 | D |
Explanation of responses
- F1This transaction was executed pursuant to a 10b5-1 plan.
- F2Each 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 third year of the performance period and a total of 93,892 were earned over the three-year performance period.
- F3Each 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 second year of the performance period and a total of 52,108 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. The target number of 59,072 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.