SEC Form 4 · accession 0000827054-18-000171
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
Aug 14, 2018
Accepted (ET)
Aug 15, 2018 · 7:48 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 | Aug 15, 2018 | M | 4,290 | $82.34 | A | 20,882 | D | |
| Common Stock | Aug 15, 2018 | F | 1,869 | $82.34 | D | 19,013 | D | |
| Common Stock | Aug 15, 2018 | M | 129 | $82.34 | A | 19,142 | D | |
| Common Stock | Aug 15, 2018 | F | 57 | $82.34 | D | 19,085 | D | |
| Common Stock | Aug 15, 2018 | M | 154 | $82.34 | A | 19,239 | D | |
| Common Stock | Aug 15, 2018 | F | 68 | $82.34 | D | 19,171 | D | |
| Common Stock | Aug 15, 2018 | M | 2,794 | $82.34 | A | 21,965 | D | |
| Common Stock | Aug 15, 2018 | F | 1,217 | $82.34 | D | 20,748 | D | |
| Common Stock | Aug 15, 2018 | M | 321 | $82.34 | A | 21,069 | D | |
| Common Stock | Aug 15, 2018 | F | 140 | $82.34 | D | 20,929 | 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 UnitsF1,F2 | — | Aug 14, 2018 | A | 502 | A | — | — | Common Stock | 502 | 502 | D |
| Restricted Stock UnitsF3 | $82.34 | Aug 15, 2018 | M | 4,290 | D | — | — | Common Stock | 4,290 | 0 | D |
| Restricted Stock UnitsF3 | $82.34 | Aug 15, 2018 | M | 129 | D | — | — | Common Stock | 129 | 0 | D |
| Restricted Stock UnitsF3 | $82.34 | Aug 15, 2019 | M | 154 | D | — | — | Common Stock | 154 | 0 | D |
| Restricted Stock UnitsF4 | $82.34 | Aug 15, 2018 | M | 2,794 | D | — | — | Common Stock | 33,528 | 22,352 | D |
| Restricted Stock UnitsF3 | $82.34 | Aug 15, 2018 | M | 321 | D | — | — | Common Stock | 321 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F2The restricted stock units will vest in full on August 15, 2019 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- F3The restricted stock units will vest in full on August 15, 2018 as long as the individual remains a service provider through the vesting date. 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. Vested shares will be delivered to the reporting person upon vest.