SEC Form 4 · accession 0001209191-17-055504
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
Sep 29, 2017
Accepted (ET)
Oct 3, 2017 · 7:41 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 StockF2 | Sep 29, 2017 | M | 40,000 | $0.00 | A | 74,716 | 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 UnitsF4,F2,F3 | $0.00 | Sep 29, 2017 | M | 40,000 | D | — | — | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Reflects restricted stock units (RSUs) that will settle after the current restricted trading period for identified insiders has ended.
- F2These units do not carry a conversion price.
- F3On April 12, 2017, the reporting person was granted 80,000 RSUs with vesting subject to the achievement of specific performance targets. The number of shares and timing of vesting under this grant will vary depending on performance achievement. 40,000 RSUs vested upon achievement of the first performance condition on September 29, 2017 and the remaining 40,000 RSUs are subject to vesting by December 31, 2018.
- F4These units were received as a grant or award for no consideration.