SEC Form 4 · accession 0001209191-15-068290
PMC SIERRA INC · PMCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory S Lang
Officer — President and CEO · Director
Period of report
Aug 25, 2015
Accepted (ET)
Aug 27, 2015 · 6:20 pm EDT
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,F2 | Aug 25, 2015 | A | 99,987 | $0.00 | A | 508,731 | D | |
| Common StockF3 | Aug 25, 2015 | A | 86,700 | $0.00 | A | 595,431 | D | |
| Common StockF4 | Aug 25, 2015 | F | 52,342 | $5.84 | D | 543,089 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of PMC-Sierra, Inc. common stock.
- F2Twenty-five percent (25%) of the Units shall automatically vest each year over the next four (4) years upon the anniversary of the 25th day of the Award Month.
- F3These are performance-based restricted stock units that were converted to shares pursuant to the satisfaction of certain performance criteria for the performance period of July 1, 2013 to June 30, 2015. Fifty-percent (50%) vest on August 25, 2015 and fifty-percent (50%) vest on August 25, 2016.
- F4The shares were withheld by the Issuer in satisfaction of the withholding taxes incurred in connection with the vesting of restricted stock units previously awarded to the Reporting Person.