SEC Form 4 · accession 0001209191-17-032874
MAXWELL TECHNOLOGIES INC · MXWL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Lyle
Officer — Chief Financial Officer
Period of report
May 12, 2017
Accepted (ET)
May 16, 2017 · 6:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000319815
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 12, 2017 | M | 9,631 | $0.00 | A | 17,411 | D | |
| Common StockF1 | May 12, 2017 | M | 13,003 | $0.00 | A | 30,414 | D | |
| Common StockF1 | May 12, 2017 | M | 20,680 | $0.00 | A | 51,094 | D | |
| Common StockF2 | May 12, 2017 | S | 16,378 | $5.96 | D | 34,716 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3,F4 | $0.00 | May 12, 2017 | M | 9,631 | D | — | — | Common Stock | 9,631 | 28,890 | D |
| Restricted Stock UnitsF1,F3,F4 | $0.00 | May 12, 2017 | M | 13,003 | D | — | — | Common Stock | 13,003 | 26,006 | D |
| Restricted Stock UnitsF1,F5,F4 | $0.00 | May 12, 2017 | M | 20,680 | D | — | — | Common Stock | 20,680 | 0 | D |
Explanation of responses
- F1These units do not carry a conversion price.
- F2These shares were sold in the open market in order to meet the tax withholding obligations of the award holder in connection with the vesting of the holder's restricted stock unit awards.
- F3Award vests in annual installments over 4 years as long as the holder remains in service to the Company. Vested shares will be delivered to the holder shortly after the vesting date.
- F4These units do not expire.
- F5This settlement is related to restricted stock units received under the Company's short-term incentive bonus plan. Restricted stock units received under the short-term incentive bonus plan were fully vested upon grant.