SEC Form 4 · accession 0000833640-19-000057
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 12, 2019
Accepted (ET)
Feb 14, 2019 · 7:54 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 Stock | Feb 12, 2019 | A | 48,000 | $0.00 | A | 324,383 | D | |
| Common StockF1 | Feb 13, 2019 | A | 6,120 | $0.00 | A | 330,503 | D | |
| Common StockF1 | Feb 13, 2019 | A | 29,856 | $0.00 | A | 360,359 | D | |
| Common StockF2 | Feb 14, 2019 | S | 3,062 | $70.5955 | D | 357,297 | D | |
| Common StockF2 | Feb 14, 2019 | S | 14,957 | $70.5955 | D | 342,340 | D | |
| Common StockF3 | Feb 14, 2019 | S | 6,004 | $70.5955 | D | 336,336 | D | |
| Common Stock | holding | — | — | — | 195,157 | I | by Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 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 2018 were met.
- F2Represents the automatic sale of stock to cover the tax liability associated with the vesting of a Performance Stock Unit.
- F3Represents the automatic sale of stock to cover the tax liability associated with the vesting of a Restricted Stock Award.