SEC Form 4 · accession 0001209191-18-012773
MAXWELL TECHNOLOGIES INC · MXWL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Franz Fink
Officer — Chief Executive Officer · Director
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 8:45 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 | 23,113 | $0.00 | A | 561,705 | D | |
| Common StockF1 | Feb 20, 2018 | M | 23,000 | $0.00 | A | 584,705 | D | |
| Common StockF2 | Feb 20, 2018 | M | 6,900 | $0.00 | A | 591,605 | D | |
| Common StockF3 | Feb 20, 2018 | A | 91,680 | $0.00 | A | 683,285 | D | |
| Common StockF4 | Feb 20, 2018 | F | 50,337 | $5.89 | D | 632,948 | 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 | 23,113 | D | — | — | Common Stock | 23,113 | 46,224 | D |
| Restricted Stock UnitsF1,F5,F6 | $0.00 | Feb 20, 2018 | M | 23,000 | D | — | — | Common Stock | 23,000 | 69,000 | D |
| Market Stock UnitsF2,F7 | $0.00 | Feb 20, 2018 | M | 6,900 | D | — | — | Common Stock | 6,900 | 269,100 | 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 of the award holder in connection with the vesting of the holder's restricted stock unit awards and market stock unit awards as well as 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.