SEC Form 4 · accession 0001209191-16-126328

QLOGIC CORP · QLGC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Acting CEO, Senior VP and CFO

Period of report

Jun 3, 2016

Accepted (ET)

Jun 7, 2016 · 5:47 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000918386

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Jun 6, 2016	M	14,049	$0.00	A	68,548	D
Common Stock^F1	Jun 6, 2016	F	5,281	$13.79	D	63,267	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Unit^F2,F3	$0.00	Jun 3, 2016	A	30,842	A	Jun 3, 2017	—	Common Stock	30,842	30,842	D
Performance Restricted Stock Unit^F4,F5	$0.00	Jun 3, 2016	A	24,956	A	Jun 3, 2019	—	Common Stock	24,956	24,956	D
Restricted Stock Unit^F2,F3	$0.00	Jun 6, 2016	M	10,400	D	Jun 6, 2016	—	Common Stock	10,400	10,400	D
Performance Restricted Stock Unit^F6,F4,F7	$0.00	Jun 6, 2016	M	3,649	D	Jun 6, 2016	—	Common Stock	3,649	3,650	D

F1Shares withheld to satisfy minimum withholding tax
F2Each restricted stock unit represents a contingent right to receive one share of QLogic common stock.
F3The restricted stock units vest in four equal annual installments beginning one year from the date of grant.
F4Each performance restricted stock unit represents a contingent right to receive shares of QLogic common stock subject to the achievement of specific objectives.
F5The performance restricted stock units vest on the third anniversary of the date of grant, subject to the achievement of specific objectives.
F6Performance restricted stock units earned.
F7The performance restricted stock units vest as to 50% of the shares on the second anniversary of the date of grant, and 25% of the shares vesting annually thereafter, subject to the achievement of specific objectives.