SEC Form 4 · accession 0001209191-15-009819
PMC SIERRA INC · PMCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Colin Harris
Officer — VP, COO and GM of CBU
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 4:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000767920
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 3, 2015 | S | 67,885 | $9.0684 | D | 219,448 | D | |
| Common Stock | Feb 3, 2015 | M | 62,500 | $7.83 | A | 281,948 | D | |
| Common Stock | Feb 3, 2015 | M | 62,500 | $7.87 | A | 344,448 | D | |
| Common Stock | Feb 3, 2015 | M | 50,000 | $6.37 | A | 394,448 | D | |
| Common Stock | Feb 3, 2015 | M | 50,000 | $7.54 | A | 444,448 | D | |
| Common Stock | Feb 3, 2015 | M | 80,000 | $4.79 | A | 524,448 | D | |
| Common StockF2 | Feb 3, 2015 | S | 305,000 | $8.9823 | D | 219,448 | D | |
| Common StockF3 | Feb 3, 2015 | M | 5,103 | — | A | 5,103 | I | By Wife |
| Common Stock | Feb 3, 2015 | S | 5,103 | $8.95 | D | 0 | I | By Wife |
| Common StockF3 | Feb 3, 2015 | M | 5,103 | — | A | 5,103 | I | By Trust for Son |
| Common Stock | Feb 3, 2015 | S | 5,103 | $8.95 | D | 0 | I | By Trust for Son |
| Common StockF3 | Feb 3, 2015 | M | 5,103 | — | A | 5,103 | I | By Trust for Son |
| Common Stock | Feb 3, 2015 | S | 5,103 | $8.95 | D | 0 | I | By Trust for Son |
| Common StockF3 | Feb 3, 2015 | M | 5,103 | — | A | 5,103 | I | By Trust for Son |
| Common Stock | Feb 3, 2015 | S | 5,103 | $8.95 | D | 0 | I | By Trust for Son |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF4 | $7.83 | Feb 3, 2015 | M | 62,500 | D | — | Oct 18, 2015 | Common Stock | 62,500 | 0 | D |
| Common StockF4 | $7.87 | Feb 3, 2015 | M | 62,500 | D | — | Apr 18, 2015 | Common Stock | 62,500 | 0 | D |
| Common StockF4 | $6.37 | Feb 3, 2015 | M | 50,000 | D | — | Sep 7, 2016 | Common Stock | 50,000 | 0 | D |
| Common StockF4 | $7.54 | Feb 3, 2015 | M | 50,000 | D | — | Dec 7, 2016 | Common Stock | 50,000 | 0 | D |
| Common StockF4 | $4.79 | Feb 3, 2015 | M | 80,000 | D | — | Mar 4, 2018 | Common Stock | 80,000 | 0 | D |
| 1-B Special SharesF5,F8,F3,F6,F7 | — | Feb 3, 2015 | M | 2,336 | D | Jul 1, 1994 | — | Common Stock | 5,103 | 0 | I |
| 1-B Special SharesF5,F8,F3,F6,F7 | — | Feb 3, 2015 | M | 2,336 | D | Jul 1, 1994 | — | Common Stock | 5,103 | 0 | I |
| 1-B Special SharesF5,F8,F3,F6,F7 | — | Feb 3, 2015 | M | 2,336 | D | Jul 1, 1994 | — | Common Stock | 5,103 | 0 | I |
| 1-B Special SharesF5,F8,F3,F6,F7 | — | Feb 3, 2015 | M | 2,336 | D | Jul 1, 1994 | — | Common Stock | 5,103 | 0 | I |
Explanation of responses
- F1The sale price reported in Table 1 represents the weighted average sale price of the shares sold ranging from $9.00 to $9.155 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F2The sale price reported in Table 1 represents the weighted average sale price of the shares sold ranging from $8.91 to $9.135 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F3Conversion of one PMC Ltd. 1-B Special Share for each 2.18448 shares of PMC Common Stock.
- F4Fully vested.
- F5Presented before conversion of 1-B Special Shares to PMC Common Stock.
- F6No expiration.
- F7Presented as if the Special Shares had been converted to PMC Common Stock.
- F8In 1994, reporting person, his wife and three sons exchanged 75,000 shares of PMC Ltd. Common Stock for 75,000 PMC Ltd. 1-B Special Shares. Each 1-B Special Shares now converts to 2.18448 shares.