SEC Form 4 · accession 0000827054-19-000057
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, 2019
Accepted (ET)
Feb 19, 2019 · 5:10 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, 2019 | M | 21,670 | $91.10 | A | 4,692,901 | I | Shares held Indirectly, by Trust and by Family Limited Partnership. |
| Common StockF2 | Feb 15, 2019 | M | 12,353 | $91.10 | A | 4,705,254 | I | Shares held Indirectly, by Trust and by Family Limited Partnership. |
| Common StockF3 | Feb 15, 2019 | M | 690 | $91.10 | A | 4,705,944 | I | Shares held Indirectly, by Trust and by Family Limited Partnership. |
| Common StockF4 | Feb 15, 2019 | M | 1,121 | $91.10 | A | 4,707,165 | 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 UnitsF5 | $91.10 | Feb 15, 2019 | M | 21,670 | D | — | — | Common Stock | 21,670 | 0 | D |
| Restricted Stock UnitsF6 | $91.10 | Feb 15, 2019 | M | 12,353 | D | — | — | Common Stock | 148,235 | 123,530 | D |
| Restricted Stock UnitsF7 | $91.10 | Feb 15, 2019 | M | 690 | D | — | — | Common Stock | 690 | 0 | D |
| Restricted Stock UnitsF8 | $91.10 | Feb 15, 2019 | M | 1,121 | D | — | — | Common Stock | 1,121 | 0 | D |
Explanation of responses
- F1Of the 4,692,901 shares held, 1,739,965 shares were held by The Sanghi Trust; and 2.952.936 shares were held by The Sanghi Limited Partnership.
- F2Of the 4,705,254 shares held, 1,752,318 shares were held by The Sanghi Trust; and 2.952.936 shares were held by The Sanghi Limited Partnership.
- F3Of the 4,705,944 shares held, 1,753,008 shares were held by The Sanghi Trust; and 2.952.936 shares were held by The Sanghi Limited Partnership.
- F4Of the 4,707,165 shares held, 1,754,229 shares were held by The Sanghi Trust; and 2.952.936 shares were held by The Sanghi Limited Partnership.
- F5The restricted stock units will vest in full on February 15, 2019 as long as the individual remains a service provider through the vesting date and the Company achieves performance targets for operating expenses in the quarter ended March 31, 2015. Vested shares will be delivered to the reporting person upon vest.
- F6The 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.
- F7The restricted stock units will vest in full on February 15, 2019 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, 2016. Vested shares will be delivered to the reporting person upon vest.
- F8The restricted stock units will vest in full on February 15, 2019 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.