SEC Form 4 · accession 0000827054-17-000223
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
Nov 15, 2017
Accepted (ET)
Nov 16, 2017 · 4:57 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 | Nov 15, 2017 | M | 23,424 | $89.59 | A | 4,556,213 | I | Shares held by Trust and by Family Limited Partnership. |
| Common StockF2 | Nov 15, 2017 | F | 10,248 | $89.59 | D | 4,545,965 | I | Shares held by Trust and by Family Limited Partnership. |
| Common StockF3,F4 | Nov 15, 2017 | M | 12,352 | $89.59 | A | 4,558,317 | I | Shares held by Trust and by Family Limited Partnership. |
| Common StockF4 | Nov 15, 2017 | F | 5,404 | $89.59 | D | 4,552,913 | I | Shares held by Trust and by 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 UnitF5 | $89.59 | Nov 15, 2017 | M | 23,424 | D | — | — | Common Stock | 23,424 | 0 | D |
| Restricted Stock UnitsF6 | $89.59 | Nov 15, 2017 | M | 12,352 | D | — | — | Common Stock | 148,235 | 135,883 | D |
Explanation of responses
- F1Of the 4,556,213 shares held, 1,603.277 shares were held by the Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F2Of the 4,545,965 shares held, 1,593.029 shares were held by the Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F3Of the 4,558,317 shares held, 1,605.381 shares were held by the Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F4Of the 4,552,913 shares held, 1,599.977 shares were held by the Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F5The 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.
- F6The 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.