SEC Form 4 · accession 0000827054-15-000190
MICROCHIP TECHNOLOGY INC · MCHP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen V Drehobl
Officer — VP, MCU8 Division
Period of report
Sep 1, 2015
Accepted (ET)
Sep 2, 2015 · 5:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000827054
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 1, 2015 | A | 118 | $34.289 | A | 13,101 | 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 UnitsF2,F3 | — | Sep 1, 2015 | M | 33,528 | A | — | — | Common Stock | 33,528 | 33,528 | D |
Explanation of responses
- F1Shares were acquired under the Microchip Technology Incorporated 2001 Employee Stock Purchase Plan on September 1, 2015, in an exempt transaction pursuant to Rule 16(b)-3(d), paid for by contributions made during the six month period ended August 31, 2015.
- F2Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F3The restricted stock units vest in twelve equal quarterly installments beginning November 15, 2017 as long as the individual remains a service provider through the vesting date and the Company achieves performance targets for operating expense in the quarter ended December 31, 2015. Vested shares will be delivered to the reporting person upon vest.