SEC Form 4 · accession 0000006281-17-000072
ANALOG DEVICES INC · ADI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent Roche
Officer — President & CEO · Director
Period of report
Mar 24, 2017
Accepted (ET)
Mar 27, 2017 · 4:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000006281
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Comm Stock - $.16-2/3 value | Mar 24, 2017 | M | 26,584 | $37.52 | A | 75,481 | D | |
| Non-Qualified Stock Option (right to buy)F2 | Mar 24, 2017 | S | 47,400 | $81.80 | D | 28,081 | D | |
| Comm Stock - $.16-2/3 value | Mar 26, 2017 | M | 28,100 | $0.00 | A | 56,181 | D | |
| Comm Stock - $.16-2/3 value | Mar 26, 2017 | M | 606 | $0.00 | A | 56,787 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $37.52 | Mar 24, 2017 | M | 26,584 | D | Jan 4, 2012 | Jan 4, 2021 | Comm Stock - $.16-2/3 value | 26,584 | 5,546 | D |
| Restricted Stock Unit (RSU)F4 | $0.00 | Mar 26, 2017 | M | 606 | D | Mar 26, 2017 | — | Comm Stock - $.16-2/3 value | 606 | 0 | D |
| Performance-Based Restricted Stock UnitF4 | $0.00 | Mar 26, 2017 | M | 28,100 | D | — | — | Comm Stock - $.16-2/3 value | 28,100 | 0 | D |
Explanation of responses
- F1These shares were disposed of in an open market sale pursuant to a 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F2These shares were disposed of in multiple transactions on March 24, 2017 at actual sales prices ranging from $81.860 to $82.000 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3This option vested in equal installments on the first, second, third, fourth and fifth anniversaries of the original grant date, which was January 4, 2011.
- F4This transaction represents the settlement of performance-based RSUs granted on March 12, 2014 in shares of common stock of the Company on their scheduled vesting date of March 26, 2017 as a result of the certification by the Company's Compensation Committee on March 17, 2017 of the satisfaction of performance criteria at 102.16% of target.