SEC Form 4 · accession 0000827054-18-000028
MICROCHIP TECHNOLOGY INC · MCHP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Eric Bjornholt
Officer — VP and CFO
Period of report
Feb 15, 2018
Accepted (ET)
Feb 16, 2018 · 5:31 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 | Feb 15, 2018 | M | 3,053 | $82.49 | A | 19,525 | I | Shares held Indirectly, by Trust. |
| Common Stock | Feb 15, 2018 | F | 944 | $82.49 | D | 18,581 | I | Shares held Indirectly, by Trust. |
| Common Stock | Feb 15, 2018 | M | 1,773 | $82.49 | A | 20,354 | I | Shares held Indirectly, by Trust. |
| Common Stock | Feb 15, 2018 | F | 491 | $82.49 | D | 19,863 | I | Shares held 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 UnitsF1 | $82.49 | Feb 15, 2018 | M | 3,053 | D | — | — | Common Stock | 3,053 | 0 | D |
| Restricted Stock UnitsF2 | $82.49 | Feb 15, 2018 | M | 1,773 | D | — | — | Common Stock | 21,276 | 17,730 | D |
Explanation of responses
- F1The restricted stock units will vest in full on February 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 March 31, 2017. 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.