SEC Form 4 · accession 0000833640-19-000062
POWER INTEGRATIONS INC · POWI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raja Petrakian
Officer — VP of Operations
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 7:57 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 | 7,500 | $0.00 | A | 41,510 | D | |
| Common StockF1 | Feb 13, 2019 | A | 1,320 | $0.00 | A | 42,830 | D | |
| Common StockF1 | Feb 13, 2019 | A | 5,598 | $0.00 | A | 48,428 | D | |
| Common StockF2 | Feb 13, 2019 | S | 657 | $70.4204 | D | 47,771 | D | |
| Common StockF3 | Feb 14, 2019 | S | 463 | $70.4203 | D | 47,308 | D | |
| Common StockF3 | Feb 14, 2019 | S | 1,960 | $70.4213 | D | 45,348 | D |
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 Restricted Stock Award.
- F3Represents the automatic sale of stock to cover the tax liability associated with the vesting of a Performance Stock Unit.