SEC Form 4 · accession 0001209191-15-082964
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
Nov 30, 2015
Accepted (ET)
Dec 2, 2015 · 5:56 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 Stock | Nov 30, 2015 | M | 65,168 | $6.87 | A | 609,157 | D | |
| Common Stock | Nov 30, 2015 | M | 225,000 | $6.53 | A | 834,157 | D | |
| Common StockF1 | Nov 30, 2015 | S | 290,168 | $11.8322 | D | 543,989 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $6.87 | Nov 30, 2015 | M | 65,168 | D | — | Aug 5, 2024 | Common Stock | 65,168 | 143,369 | D |
| Stock Option (Right to Buy)F3 | $6.53 | Nov 30, 2015 | M | 225,000 | D | — | Aug 6, 2023 | Common Stock | 225,000 | 175,000 | D |
Explanation of responses
- F1The sale price reported in Table 1 represents the weighted average sale price of the shares sold ranging from $11.82 to $11.845 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.
- F2One-fourth of the shares subject to the option vest on August 5, 2015 and one forty-eighth of the shares shall vest monthly thereafter.
- F3One-fourth of the shares subject to the option vest on August 6, 2014 and one forty-eighth of the shares shall vest monthly thereafter.