SEC Form 4 · accession 0000827054-17-000085
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
May 15, 2017
Accepted (ET)
May 16, 2017 · 7:55 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 | May 15, 2017 | M | 25,673 | $80.13 | A | 4,505,907 | I | Shares held Indirectly, by Trust and Family 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 | $80.13 | May 15, 2017 | M | 25,673 | D | — | — | Common Stock | 25,673 | 0 | D |
Explanation of responses
- F1Of the 4,505,907 shares held, 1,552,971 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F2The restricted stock units will vest in full on May 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 June 30, 2013. Vested shares will be delivered to the reporting person upon vest.