SEC Form 4 · accession 0000827054-16-000310
MICROCHIP TECHNOLOGY INC · MCHP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steve Sanghi
Officer — President, CEO, Chairman · Director
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 6:27 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 | holding | — | — | — | 4,838,769 | I | Shares held Indirectly by Trust and by Limited Partnership. |
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 | — | Apr 1, 2016 | A | 1,483 | A | — | — | Common Stock | 1,483 | 1,483 | D |
| Restricted Stock UnitsF2,F4 | — | Apr 1, 2016 | A | 588 | A | — | — | Common Stock | 588 | 588 | D |
| Restricted Stock UnitsF2,F5 | — | Apr 1, 2016 | A | 21,675 | A | — | — | Common Stock | 21,675 | 21,675 | D |
Explanation of responses
- F1Of the 4,838,769 shares held, 1,885,833 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- 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 May 15, 2018 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 June 30, 2016. Vested shares will be delivered to the reporting person upon vest.
- F4The restricted stock units will vest in full on May 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 June 30, 2016. Vested shares will be delivered to the reporting person upon vest.
- F5The restricted stock units will vest in full on May 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 June 30, 2016. Vested shares will be delivered to the reporting person upon vest.