SEC Form 4 · accession 0000827054-16-000258
MICROCHIP TECHNOLOGY INC · MCHP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard J Simoncic
Officer — VP, Analog and Intrfc Prod Div
Period of report
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 5:51 pm EST
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 | holding | — | — | — | 68,308 | I | Shares held Directly and Indirectly, by Trust. |
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 | — | Jan 4, 2016 | A | 179 | A | — | — | Common Stock | 179 | 179 | D |
| Restricted Stock UnitsF2,F4 | — | Jan 4, 2016 | A | 3,568 | A | — | — | Common Stock | 3,568 | 3,568 | D |
Explanation of responses
- F1Of the 68,308 shares held, 7,652 shares were held Directly; 60,656 shares were held by Trust.
- F2Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F3The restricted stock units will vest in full on February 15, 2019 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 March 31, 2016. Vested shares will be delivered to the reporting person upon vest.
- F4The restricted stock units will vest in full on February 15, 2020 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 March 31, 2016. Vested shares will be delivered to the reporting person upon vest.