SEC Form 4 · accession 0001209191-15-083324
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
Dec 1, 2015
Accepted (ET)
Dec 3, 2015 · 5:42 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 | Dec 1, 2015 | M | 75,000 | $4.98 | A | 182,717 | D | |
| Common Stock | Dec 1, 2015 | M | 60,000 | $6.35 | A | 242,717 | D | |
| Common Stock | Dec 1, 2015 | M | 50,000 | $10.97 | A | 292,717 | D | |
| Common Stock | Dec 1, 2015 | M | 50,000 | $9.07 | A | 342,717 | D | |
| Common Stock | Dec 1, 2015 | M | 12,062 | $6.87 | A | 354,779 | D | |
| Common Stock | Dec 1, 2015 | M | 90,000 | $7.22 | A | 444,779 | D | |
| Common Stock | Dec 1, 2015 | M | 27,422 | $5.71 | A | 472,201 | D | |
| Common Stock | Dec 1, 2015 | M | 17,212 | $6.53 | A | 489,413 | D | |
| Common Stock | Dec 1, 2015 | M | 81,000 | $9.06 | A | 570,413 | D | |
| Common Stock | Dec 1, 2015 | S | 462,696 | $11.86 | D | 107,717 | D | |
| Common Stock | Dec 1, 2015 | S | 28,073 | $11.86 | D | 79,644 | D | |
| Common Stock | Dec 1, 2015 | S | 3,312 | $11.86 | D | 76,332 | 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)F1 | $4.98 | Dec 1, 2015 | M | 75,000 | D | — | Mar 3, 2019 | Common Stock | 75,000 | 0 | D |
| Stock Option (Right to Buy)F1 | $6.35 | Dec 1, 2015 | M | 60,000 | D | — | Mar 6, 2017 | Common Stock | 60,000 | 0 | D |
| Stock Option (Right to Buy)F1 | $10.97 | Dec 1, 2015 | M | 50,000 | D | — | Mar 7, 2016 | Common Stock | 50,000 | 0 | D |
| Stock Option (Right to Buy)F1 | $9.07 | Dec 1, 2015 | M | 50,000 | D | — | Jun 7, 2016 | Common Stock | 50,000 | 0 | D |
| Stock Option (Right to Buy)F2 | $6.87 | Dec 1, 2015 | M | 12,062 | D | — | Aug 5, 2024 | Common Stock | 12,062 | 26,538 | D |
| Stock Option (Right to Buy)F1 | $7.22 | Dec 1, 2015 | M | 90,000 | D | — | Apr 5, 2021 | Common Stock | 90,000 | 0 | D |
| Stock Option (Right to Buy)F3 | $5.71 | Dec 1, 2015 | M | 27,422 | D | — | Aug 7, 2022 | Common Stock | 27,422 | 6,328 | D |
| Stock Option (Right to Buy)F4 | $6.53 | Dec 1, 2015 | M | 17,212 | D | — | Aug 6, 2024 | Common Stock | 17,212 | 13,388 | D |
| Stock Option (Right to Buy)F1 | $9.06 | Dec 1, 2015 | M | 81,000 | D | — | Apr 6, 2020 | Common Stock | 81,000 | 0 | D |
Explanation of responses
- F1Fully vested.
- 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 7, 2013 and one forty-eighth of the shares shall vest monthly thereafter.
- F4One-fourth of the shares subject to the option vest on August 6, 2014 and one forty-eighth of the shares shall vest monthly thereafter.