SEC Form 4 · accession 0001209191-16-126349
QLOGIC CORP · QLGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christine King
Officer — Executive Chairman · Director
Period of report
Jun 3, 2016
Accepted (ET)
Jun 7, 2016 · 6:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000918386
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | $0.00 | Jun 3, 2016 | A | 23,131 | A | Jun 3, 2017 | — | Common Stock | 23,131 | 23,131 | D |
| Performance Restricted Stock UnitF3,F4 | $0.00 | Jun 3, 2016 | A | 18,717 | A | Jun 3, 2019 | — | Common Stock | 18,717 | 18,717 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of QLogic common stock.
- F2The restricted stock units vest in four equal annual installments beginning one year from the date of grant.
- F3Each performance restricted stock unit represents a contingent right to receive shares of QLogic common stock subject to the achievement of specific objectives.
- F4The performance restricted stock units vest on the third anniversary of the date of grant, subject to the achievement of specific objectives.