SEC Form 4 · accession 0001413753-15-000030
SEMTECH CORP · SMTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mohan Maheswaran
Officer — President and CEO · Director
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 7:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000088941
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 24, 2015 | S | 2,000 | $28.0235 | D | 118,485 | D | |
| Common Stock | Feb 25, 2015 | M | 6,010 | $0.00 | A | 124,495 | D | |
| Common Stock | Feb 25, 2015 | F | 2,252 | $28.60 | D | 122,243 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right To Buy)F2 | $28.60 | Feb 24, 2015 | A | 70,000 | A | — | Feb 24, 2021 | Common Stock | 70,000 | 70,000 | D |
| Restricted Stock UnitF3,F2 | — | Feb 24, 2015 | A | 33,000 | A | — | — | Common Stock | 33,000 | 33,000 | D |
| Restricted Stock UnitF3,F4 | — | Feb 25, 2015 | M | 6,010 | D | — | — | Common Stock | 6,010 | 12,022 | D |
Explanation of responses
- F1This price represents the weighted average of these sales. The prices ranged from $27.7700 to $28.1200. Price and share details are available upon request.
- F2This grant vests in three annual installments beginning on February 24, 2016.
- F3Each Restricted Stock Unit represents the contingent right to one share of the company's common stock.
- F4This grant vests in three annual installments beginning on February 25, 2015.
Remarks
The sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Maheswaran on January 6, 2014.