SEC Form 4 · accession 0001209191-18-012771
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
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 8:43 pm EST
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 | Feb 20, 2018 | M | 9,630 | $0.00 | A | 84,346 | D | |
| Common StockF1 | Feb 20, 2018 | M | 10,000 | $0.00 | A | 94,346 | D | |
| Common StockF2 | Feb 20, 2018 | M | 2,000 | $0.00 | A | 96,346 | D | |
| Common StockF3 | Feb 20, 2018 | A | 41,256 | $0.00 | A | 137,602 | D | |
| Common StockF4 | Feb 20, 2018 | F | 14,805 | $5.89 | D | 122,797 | 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,F5,F6 | $0.00 | Feb 20, 2018 | M | 9,630 | D | — | — | Common Stock | 9,630 | 19,260 | D |
| Restricted Stock UnitsF1,F5,F6 | $0.00 | Feb 20, 2018 | M | 10,000 | D | — | — | Common Stock | 10,000 | 30,000 | D |
| Market Stock UnitsF2,F7 | $0.00 | Feb 20, 2018 | M | 2,000 | D | — | — | Common Stock | 2,000 | 78,000 | D |
Explanation of responses
- F1Each restricted stock unit (RSU) represents a right to receive one share of the Issuer's common stock.
- F2Each market stock unit represents a right to receive one share of the Issuer's common stock.
- F3This acquisition represents shares received under the Company's short-term incentive bonus plan.
- F4These shares were withheld in order to meet the tax withholding obligations related to shares received under the Company's short-term incentive bonus plan.
- F5Award 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.
- F6These units do not expire.
- F7This award represents market stock units with vesting based on performance of the Company's common stock compared to the Nasdaq Composite Index over a period of three years. Depending on the level of performance actually achieved, the number of shares that may vest under this award will vary. A portion of this award vested on February 20, 2018. The amount included in the table above represents the maximum number of shares that could vest under the grant.