SEC Form 4 · accession 0000827054-18-000174
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
Aug 14, 2018
Accepted (ET)
Aug 15, 2018 · 7:49 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 | Aug 15, 2018 | M | 18,967 | $82.34 | A | 4,620,847 | I | Shares held Indirectly, by Trust and by Family Limited Partnership. |
| Common StockF2 | Aug 15, 2018 | M | 569 | $82.34 | A | 4,621,416 | I | Shares held Indirectly, by Trust and by Family Limited Partnership. |
| Common StockF3 | Aug 15, 2018 | M | 680 | $82.34 | A | 4,622,096 | I | Shares held Indirectly, by Trust and by Family Limited Partnership. |
| Common StockF4 | Aug 15, 2018 | M | 12,353 | $82.34 | A | 4,634,449 | I | Shares held Indirectly, by Trust and by Family Limited Partnership. |
| Common StockF5 | Aug 15, 2018 | M | 1,420 | $82.34 | A | 4,635,869 | 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 UnitsF6,F7 | — | Aug 14, 2018 | A | 6,019 | A | — | — | Common Stock | 6,019 | 6,019 | D |
| Restricted Stock UnitsF8 | $82.34 | Aug 15, 2018 | M | 18,967 | D | — | — | Common Stock | 18,967 | 0 | D |
| Restricted Stock UnitsF8 | $82.34 | Aug 15, 2018 | M | 569 | D | — | — | Common Stock | 569 | 0 | D |
| Restricted Stock UnitsF8 | $82.34 | Aug 15, 2018 | M | 680 | D | — | — | Common Stock | 680 | 0 | D |
| Restricted Stock UnitsF9 | $82.34 | Aug 15, 2018 | M | 12,353 | D | — | — | Common Stock | 148,235 | 98,824 | D |
| Restricted Stock UnitsF8 | $82.34 | Aug 15, 2018 | M | 1,420 | D | — | — | Common Stock | 1,420 | 0 | D |
Explanation of responses
- F1Of the 4,620,847 shares held, 1,667,911 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F2Of the 4,621,416 shares held, 1,668,480 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F3Of the 4,622,096 shares held, 1,669,160 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F4Of the 4,634,449 shares held, 1,681,513 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F5Of the 4,635,869 shares held, 1,682,933 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
- F6Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F7The 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.
- F8The 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.
- F9The 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.