SEC Form 4 · accession 0000827054-18-000099
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
May 15, 2018
Accepted (ET)
May 16, 2018 · 7:21 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 StockF1 | May 15, 2018 | M | 20,320 | $93.36 | A | 4,587,387 | I | Shares held Indirectly, by Trust and by Family Limited Partnership. |
| Common StockF2 | May 15, 2018 | M | 657 | $93.36 | A | 4,588,044 | I | Shares held Indirectly, by Trust and by Family Limited Partnership. |
| Common StockF3 | May 15, 2018 | M | 12,353 | $93.36 | A | 4,600,397 | I | Shares held Indirectly, by Trust and by Family Limited Partnership. |
| Common StockF4 | May 15, 2018 | M | 1,483 | $93.36 | A | 4,601,880 | 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 UnitF5 | $93.36 | May 15, 2018 | M | 20,320 | D | — | — | Common Stock | 20,320 | 0 | D |
| Restricted Stock UnitsF6 | $93.36 | May 15, 2018 | M | 657 | D | — | — | Common Stock | 657 | 0 | D |
| Restricted Stock UnitsF7 | $93.36 | May 15, 2018 | M | 12,353 | D | — | — | Common Stock | 148 | 111,176 | D |
| Restricted Stock UnitsF8 | $93.36 | May 15, 2018 | M | 1,483 | D | — | — | Common Stock | 1,483 | 0 | D |
Explanation of responses
- F1Of the 4,587,387 shares held, 1,634,451 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership..
- F2Of the 4,588,044 shares held, 1,635,108 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F3Of the 4,600,397 shares held, 1,647,461 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F4Of the 4,601,880 shares held, 1,648,944 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 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.
- F6The 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.
- F7The 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.
- F8The 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.