SEC Form 4 · accession 0001249817-15-000034
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
Jun 6, 2015
Accepted (ET)
Jun 9, 2015 · 5:31 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 | 17,698 | $0.00 | A | 39,088 | D | |
| Common StockF1 | Jun 6, 2015 | F | 6,652 | $15.88 | D | 32,436 | 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 | 10,400 | D | Jun 6, 2015 | — | Common Stock | 10,400 | 20,800 | D |
| Performance Restricted Stock UnitF5,F4,F6 | $0.00 | Jun 6, 2015 | M | 7,298 | D | Jun 6, 2015 | — | Common Stock | 7,298 | 7,299 | D |
Explanation of responses
- F1Shares withheld to satisfy minimum whithholding 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.