SEC Form 4 · accession 0000827054-17-000221
MICROCHIP TECHNOLOGY INC · MCHP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell R Little
Officer — VP, WW Sales and Appns.
Period of report
Nov 15, 2017
Accepted (ET)
Nov 16, 2017 · 4:56 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 Stock | Nov 15, 2017 | M | 4,601 | $89.59 | A | 13,579 | D | |
| Common Stock | Nov 15, 2017 | F | 2,165 | $89.59 | D | 11,414 | D | |
| Common Stock | Nov 15, 2017 | M | 2,426 | $89.59 | A | 13,840 | D | |
| Common Stock | Nov 15, 2017 | F | 1,142 | $89.59 | D | 12,698 | 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 UnitF1 | $89.59 | Nov 15, 2017 | M | 4,601 | D | — | — | Common Stock | 4,601 | 0 | D |
| Restricted Stock UnitF2 | $89.59 | Nov 15, 2017 | M | 2,426 | D | — | — | Common Stock | 29,115 | 26,689 | D |
Explanation of responses
- F1The restricted stock units will vest in full on 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, 2016. Vested shares will be delivered to the reporting person upon vest.
- F2The 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.