SEC Form 4 · accession 0001249817-15-000013
QLOGIC CORP · QLGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jean X. Hu
Officer — Senior VP and CFO
Period of report
May 22, 2015
Accepted (ET)
May 27, 2015 · 5:43 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 | May 22, 2015 | M | 7,100 | $0.00 | A | 35,101 | D | |
| Common StockF1 | May 22, 2015 | F | 2,669 | $15.30 | D | 32,432 | D | |
| Common Stock | May 24, 2015 | M | 4,590 | $0.00 | A | 37,022 | D | |
| Common StockF1 | May 24, 2015 | F | 1,726 | $15.30 | D | 35,296 | D | |
| Common Stock | May 26, 2015 | M | 1,250 | $0.00 | A | 36,546 | D | |
| Common StockF1 | May 26, 2015 | F | 470 | $15.34 | D | 36,076 | 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 | May 22, 2015 | M | 7,100 | D | May 22, 2015 | — | Common Stock | 7,100 | 21,300 | D |
| Restricted Stock UnitF2,F3 | $0.00 | May 24, 2015 | M | 3,825 | D | May 24, 2015 | — | Common Stock | 3,825 | 3,825 | D |
| Performance Restricted Stock UnitF5,F4,F6 | $0.00 | May 24, 2015 | M | 765 | D | May 24, 2015 | — | Common Stock | 765 | 765 | D |
| Performance Restricted Stock UnitF5,F7,F8 | $0.00 | May 26, 2015 | M | 1,250 | D | May 26, 2015 | — | Common Stock | 1,250 | 0 | 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.
- F5Performance restricted stock units earned.
- F6The performance restricted stock units vest in four equal annual installments beginning one year from the date of grant stock subject to the achievement of specific objectives.
- F7Each performance restricted stock unit represents a contingent right to receive one share of QLogic common stock subject to the achievement of FY2012 business objectives.
- F8The performance restricted stock units vest in four equal annual installments beginning one year from the date of grant stock subject to the achievement of FY2012 business objectives.