SEC Form 4 · accession 0001209191-15-068291
PMC SIERRA INC · PMCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tom Sun
Officer — VP and General Manager, CBU
Period of report
Aug 25, 2015
Accepted (ET)
Aug 27, 2015 · 6:21 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,F3 | Aug 25, 2015 | A | 18,500 | $0.00 | A | 105,620 | D | |
| Common StockF4 | Aug 25, 2015 | A | 13,410 | $0.00 | A | 119,030 | D | |
| Common StockF5 | Aug 26, 2015 | F | 11,313 | $5.82 | D | 107,717 | 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.
- F3Includes 780 shares acquired on August 10, 2015 pursuant to the 2011 Employee Stock Purchase Plan.
- F4These 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.
- F5The shares were sold (Sell to Cover) 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.