SEC Form 4 · accession 0001225208-16-029705
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 9, 2016
Accepted (ET)
Mar 11, 2016 · 4:00 pm EST
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 | $54.93 | Mar 9, 2016 | A | 20,369 | A | Mar 9, 2017 | Mar 9, 2026 | Comm Stock-$.16-2/3 value | 20,369 | 20,369 | D |
| Performance-Based Restricted Stock UnitF2,F3 | $0.00 | Mar 9, 2016 | A | 5,248 | A | Mar 23, 2019 | — | Comm Stock-$.16-2/3 value | 5,248 | 5,248 | D |
| Restricted Stock Unit (RSU)F4 | $0.00 | Mar 9, 2016 | A | 5,248 | A | Mar 9, 2019 | — | Comm Stock-$.16-2/3 value | 5,248 | 5,248 | D |
Explanation of responses
- F1This option vests in equal installments on the first, second, third, fourth and fifth anniversaries of the original grant date, which was March 9, 2016.
- F2Each 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.
- F3Unless 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.
- F4The Restricted Stock Units granted to the reporting person on March 9, 2016 (the "Original Grant Date") vest 100% on the third anniversary of the Original Grant Date. Upon the vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company.