SEC Form 4 · accession 0000827054-18-000096
MICROCHIP TECHNOLOGY INC · MCHP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen V Drehobl
Officer — VP, MCU8 Division
Period of report
May 15, 2018
Accepted (ET)
May 16, 2018 · 7:20 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 Stock | May 15, 2018 | M | 4,596 | $93.36 | A | 20,916 | D | |
| Common Stock | May 15, 2018 | F | 1,477 | $93.36 | D | 19,439 | D | |
| Common Stock | May 15, 2018 | M | 148 | $93.36 | A | 19,587 | D | |
| Common Stock | May 15, 2018 | F | 65 | $93.36 | D | 19,522 | D | |
| Common Stock | May 15, 2018 | M | 2,794 | $93.36 | A | 22,316 | D | |
| Common Stock | May 15, 2018 | F | 1,217 | $93.36 | D | 21,099 | D | |
| Common Stock | May 15, 2018 | M | 335 | $93.36 | A | 21,434 | D | |
| Common Stock | May 15, 2018 | F | 146 | $93.36 | D | 21,288 | 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 | $93.36 | May 15, 2018 | M | 4,596 | D | — | — | Common Stock | 4,596 | 0 | D |
| Restricted Stock UnitsF2 | $93.36 | May 15, 2018 | M | 148 | D | — | — | Common Stock | 148 | 0 | D |
| Restricted Stock UnitsF3 | $93.36 | May 15, 2018 | M | 2,794 | D | — | — | Common Stock | 33,528 | 25,146 | D |
| Restricted Stock UnitsF4 | $93.36 | May 15, 2018 | M | 335 | D | — | — | Common Stock | 335 | 0 | D |
Explanation of responses
- F1The restricted stock units will vest in full on May 15, 2018 as long as the individual remains a service provider through the vesting date and the Company achieves performance targets for operating profit in the quarter ended June 30, 2014. Vested shares will be delivered to the reporting person upon vest.
- F2The restricted stock units will vest in full on May 15, 2018 as long as the individual remains a service provider through the vesting date and the Company achieves performance targets for operating profit in the quarter ended June 30, 2015. Vested shares will be delivered to the reporting person upon vest.
- F3The 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.
- F4The restricted stock units will vest in full on May 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 June 30, 2016. Vested shares will be delivered to the reporting person upon vest.