SEC Form 4 · accession 0001249817-15-000023
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 28, 2015
Accepted (ET)
Jun 1, 2015 · 7:45 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 28, 2015 | S | 15,372 | $15.56 | D | 21,390 | 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 UnitF1,F2 | $0.00 | May 28, 2015 | A | 29,581 | A | May 28, 2016 | — | Common Stock | 29,581 | 29,581 | D |
| Performance Restricted Stock UnitF3,F4 | $0.00 | May 28, 2015 | A | 29,581 | A | May 28, 2018 | — | Common Stock | 29,581 | 29,581 | 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.