SEC Form 4 · accession 0000310568-17-000212
MICROSEMI CORP · MSCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick C Goerner
Officer — Exec VP Worldwide Sales & Mktg
Period of report
Nov 9, 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 9, 2017 | M | 4,750 | $0.00 | A | 62,352 | D | |
| Microsemi Common Stock | Nov 9, 2017 | F | 2,479 | $55.16 | D | 59,873 | 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 9, 2017 | M | 4,750 | A | — | — | Microsemi Common Stock | 4,750 | 0 | D |
Explanation of responses
- F1Each Performance Right represents a right to receive one share of Microsemi common stock. The target number of 15,271 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.