SEC Form 4 · accession 0001209191-16-126345
QLOGIC CORP · QLGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger J Klein
Officer — Senior VP and GM
Period of report
Jun 3, 2016
Accepted (ET)
Jun 7, 2016 · 6:13 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 | 6,765 | $0.00 | A | 18,354 | D | |
| Common StockF1 | Jun 6, 2016 | F | 2,544 | $13.79 | D | 15,810 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | $0.00 | Jun 3, 2016 | A | 19,956 | A | Jun 3, 2017 | — | Common Stock | 19,956 | 19,956 | D |
| Performance Restricted Stock UnitF4,F5 | $0.00 | Jun 3, 2016 | A | 16,148 | A | Jun 3, 2019 | — | Common Stock | 16,148 | 16,148 | D |
| Restricted Stock UnitF2,F3 | $0.00 | Jun 6, 2016 | M | 5,000 | D | Jun 6, 2016 | — | Common Stock | 5,000 | 5,000 | D |
| Performance Restricted Stock UnitF6,F4,F7 | $0.00 | Jun 6, 2016 | M | 1,765 | D | Jun 6, 2016 | — | Common Stock | 1,765 | 1,766 | D |
Explanation of responses
- 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.