SEC Form 4 · accession 0000833640-17-000060
POWER INTEGRATIONS INC · POWI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Doug Bailey
Officer — VP Marketing
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 | S | 532 | $71.1142 | D | 22,828 | D | |
| Common StockF2 | Feb 1, 2017 | A | 4,912 | $0.00 | A | 27,740 | D | |
| Common Stock | Feb 1, 2017 | M | 2,000 | $21.14 | A | 29,740 | D | |
| Common StockF3 | Feb 1, 2017 | S | 2,000 | $71.30 | D | 27,740 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy) | $21.14 | Feb 1, 2017 | M | 2,000 | D | Oct 28, 2009 | Apr 28, 2019 | Common Stock | 2,000 | 11,000 | D |
Explanation of responses
- F1Represents the automatic sale of stock to cover the tax liability associated with the vesting of a Restricted Stock Award.
- F2For 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.
- F3This sale is pursuant to a 10B5-1 Sales Plan