SEC Form 4 · accession 0000833640-17-000059
POWER INTEGRATIONS INC · POWI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Balu Balakrishnan
Officer — President and CEO
Period of report
Feb 1, 2017
Accepted (ET)
Feb 2, 2017 · 4:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000833640
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 1, 2017 | A | 21,615 | $0.00 | A | 211,042 | D | |
| Common StockF2 | Feb 1, 2017 | S | 3,176 | $72.052 | D | 181,605 | I | by Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1For fiscal year 2016, the reporting person was granted a Performance Stock Unit. The Performance Stock Unit vests based on Power Integrations satisfaction of certain performance conditions. The performance conditions for 2016 were met, resulting in vesting of the Performance Stock Unit.
- F2Represents the automatic sale of stock to cover the tax liability associated with the vesting of a Restricted Stock Award.