SEC Form 4 · accession 0000827054-18-000032
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
Feb 15, 2018
Accepted (ET)
Feb 16, 2018 · 5:33 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 | Feb 15, 2018 | M | 21,372 | $82.49 | A | 4,574,285 | I | Shares held Indirectly, by Trust and by Family Limited Partnership |
| Common StockF2 | Feb 15, 2018 | M | 12,353 | $82.49 | A | 4,586,638 | I | Shares held Indirectly, 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 UnitsF3 | $82.49 | Feb 15, 2018 | M | 21,372 | D | — | — | Common Stock | 21,372 | 0 | D |
| Restricted Stock UnitsF4 | $82.49 | Feb 15, 2018 | M | 12,353 | D | — | — | Common Stock | 148,235 | 123,530 | D |
Explanation of responses
- F1Of the 4,574,285 shares held, 1,621,349 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F2Of the 4,586,638 shares held, 1,633,702 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F3The 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.
- F4The 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.