SEC Form 4 · accession 0001576570-15-000062
ALTERA CORP · ALTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dan Biran
Officer — Sr VP, Strategy
Period of report
May 14, 2015
Accepted (ET)
May 18, 2015 · 7:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000768251
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 14, 2015 | M | 1,372 | $0.00 | A | 1,372 | D | |
| Common StockF1 | May 14, 2015 | M | 1,325 | $0.00 | A | 2,697 | D | |
| Common StockF1 | May 14, 2015 | M | 5,480 | $0.00 | A | 8,177 | D | |
| Common StockF2,F3 | May 15, 2015 | S | 8,177 | $44.1283 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU)F1,F4 | — | May 14, 2015 | M | 1,372 | D | — | — | Common Stock | 1,372 | 58,760 | D |
| Restricted Stock Unit (RSU)F1,F5 | — | May 14, 2015 | M | 1,325 | D | — | — | Common Stock | 1,325 | 57,435 | D |
| Restricted Stock Unit (RSU)F1,F6 | — | May 14, 2015 | M | 5,480 | D | — | — | Common Stock | 5,480 | 51,955 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of Altera Common Stock at no cost.
- F2The sale was made pursuant to a Rule 10b5-1 Sales Plan adopted by the Reporting Person on June 3, 2014.
- F3The 8177 shares were sold in 47 lots ranging from 90 shares to 500 shares per lot. The sale price ranged between $43.85 and $44.38. The price reported above represents the weighted average sale price. The Reporting Person undertakes to provide to any security holder of Altera Corporation or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares and prices at which the transactions were affected.
- F4On May 7, 2012, the Reporting Person received a grant of RSUs that vest over a four-year period. One-fourth of the RSUs vested on May 14, 2015 and the shares were delivered to the Reporting Person on such date.
- F5On May 6, 2013, the Reporting Person received a grant of RSUs that vest over a four-year period. One-fourth of the RSUs vested on May 14, 2015 and the shares were delivered to the Reporting Person on such date.
- F6On May 5, 2014, the Reporting Person received a grant of RSUs that vest over a four-year period. One-fourth of the RSUs vested on May 14, 2015 and the shares were delivered to the Reporting Person on such date.