SEC Form 4 · accession 0001209191-16-112437
ATMEL CORP · ATML
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward C Ross
Director
Period of report
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 5:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000872448
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 31, 2016 | M | 25,000 | $3.24 | A | 185,007 | D | |
| Common Stock | Mar 31, 2016 | M | 22,500 | $3.93 | A | 207,507 | D | |
| Common Stock | Mar 31, 2016 | M | 16,500 | $5.20 | A | 224,007 | D | |
| Common StockF1 | Mar 31, 2016 | F | 31,433 | $8.12 | D | 192,574 | D | |
| Common StockF2 | Apr 4, 2016 | D | 192,574 | — | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $3.24 | Mar 31, 2016 | M | 25,000 | D | — | Apr 15, 2018 | Common Stock | 25,000 | 0 | D |
| Employee Stock Option (right to buy)F3 | $3.93 | Mar 31, 2016 | M | 22,500 | D | — | Jun 15, 2019 | Common Stock | 22,500 | 0 | D |
| Employee Stock Option (right to buy)F3 | $5.20 | Mar 31, 2016 | M | 16,500 | D | — | Jun 15, 2020 | Common Stock | 16,500 | 0 | D |
Explanation of responses
- F1Reflects a non-market disposition undertaken to pay exercise price for the Reporting Person in connection with the exercise of employee stock options. No shares were actually sold by the Reporting Person.
- F2Pursuant to merger agreement among Microchip Technology Corporation, Hero Acquisition Corporation and Atmel Corporation shares were disposed in exchange for, and converted into the right to receive, per share (i) $7.00 in cash and (ii) a fraction of a share of Microchip common stock having a market value of $1.15, calculated in accordance with the merger agreement.
- F3The option was fully vested and exercisable.