SEC Form 4 · accession 0001249817-15-000032
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 6, 2015
Accepted (ET)
Jun 9, 2015 · 5:23 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, 2015 | M | 8,530 | $0.00 | A | 13,530 | D | |
| Common StockF1 | Jun 6, 2015 | F | 3,206 | $15.88 | D | 10,324 | D | |
| Common Stock | Jun 8, 2015 | S | 3,121 | $15.73 | D | 7,203 | D | |
| Common Stock | Jun 9, 2015 | S | 2,203 | $15.37 | D | 5,000 | 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 6, 2015 | M | 5,000 | D | Jun 6, 2015 | — | Common Stock | 5,000 | 10,000 | D |
| Performance Restricted Stock UnitF5,F4,F6 | $0.00 | Jun 6, 2015 | M | 3,530 | D | Jun 6, 2015 | — | Common Stock | 3,530 | 3,531 | 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 one share of QLogic common stock subject to the achievement of specific objectives.
- F5Performance restricted stock units earned.
- F6The 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.