SEC Form 4 · accession 0001249817-15-000046
QLOGIC CORP · QLGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Scott Mercer
Director
Period of report
Aug 19, 2015
Accepted (ET)
Aug 21, 2015 · 4:48 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 | Aug 19, 2015 | M | 15,000 | $0.00 | A | 41,780 | 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 UnitsF1,F2 | $0.00 | Aug 19, 2015 | M | 15,000 | D | Aug 19, 2015 | — | Common Stock | 15,000 | 0 | D |
| Restricted Stock UnitsF1,F2 | $0.00 | Aug 20, 2015 | A | 15,000 | A | — | — | Common Stock | 15,000 | 15,000 | 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 approximately one year from the date of grant. The vesting date will be the earlier of (i) the day prior to the annual meeting of the Corporation's stockholders or (ii) the anniversary of the date of grant.