SEC Form 4 · accession 0000006281-18-000065
ANALOG DEVICES INC · ADI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Hassett
Officer — SVP, Global Operations & Tech
Period of report
Mar 29, 2018
Accepted (ET)
Apr 2, 2018 · 4:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000006281
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $91.13 | Mar 29, 2018 | A | 20,552 | A | Mar 29, 2019 | Mar 29, 2028 | Comm Stock - $.16-2/3 value | 20,552 | 20,552 | D |
| Restricted Stock Unit (RSU)F2 | $0.00 | Mar 29, 2018 | A | 4,897 | A | Mar 29, 2019 | — | Comm Stock - $.16-2/3 value | 4,897 | 4,897 | D |
| Performance-Based Restricted Stock UnitF3,F4 | $0.00 | Mar 29, 2018 | A | 4,897 | A | Apr 12, 2021 | — | Comm Stock - $.16-2/3 value | 4,897 | 4,897 | D |
Explanation of responses
- F1This option vests in equal installments on the first, second, third and fourth anniversaries of the original grant date, which was March 29, 2018.
- F2The Restricted Stock Units granted to the Reporting Person on March 29, 2018 (the "Original Grant Date") vest in equal installments on the first, second, third and fourth anniversaries of the Original Grant Date. Upon each vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company.
- F3Each Performance-Based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 200% of one share of common stock of the Company. The resulting number of shares of common stock of the Company acquired upon vesting of the Performance-Based RSUs is contingent upon the achievement of pre-established performance parameters, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the grant date and ending on the third anniversary of the grant date.
- F4Unless earlier forfeited under the terms of the Performance-Based RSU, each Performance-Based RSU vests and converts into no more than 200% of one share of common stock of the Company three years and 14 days after the grant date.