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ANALOG DEVICES INC — Director's Dealing 2022
Mar 17, 2022
29843_dirs_2022-03-17_ceecbc2b-85e4-45af-8047-f0cc4ffb6f41.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2022-03-15
Reporting Person: Bryant Gregory M (Executive Vice President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-15 | Restricted Stock Unit (RSU) | $0.0 | A | 35187 | Acquired | Comm Stock - $.16-2/3 value (35187.0) | Direct | |
| 2022-03-15 | Restricted Stock Unit (RSU) | $0.0 | A | 34827 | Acquired | Comm Stock - $.16-2/3 value (34827.0) | Direct | |
| 2022-03-15 | Performance-Based Restricted Stock Unit | $0.0 | A | 160092 | Acquired | Comm Stock - $.16-2/3 value (160092.0) | Direct |
Footnotes
F1: The Restricted Stock Units granted to the Reporting Person on March 15, 2022 (the "Grant Date") vest in full on the third anniversary of the Grant Date. Upon the vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company.
F2: The Restricted Stock Units granted to the Reporting Person on March 15, 2022 (the "Grant Date") vest in full on the first, second, third and fourth anniversaries of the Grant Date. Upon each vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company.
F3: Each Performance-Based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 150% of one share of common stock of the Company. The resulting number of shares of common stock of the Company acquired upon vesting of the Performance-Based RSUs is contingent upon the achievement of pre-established performance parameters.
F4: Unless earlier forfeited under the terms of the Performance-Based RSU, such award vests (i) with respect to 75% of the target Performance-Based RSUs if the average closing price of the Company's common stock on the Nasdaq Global Select Market over any 70 consecutive trading day period during a four-year performance period equals or exceeds $200 and (ii) with respect to an additional 75% of the target Performance Based RSU if the average closing price of the Company's common stock on the Nasdaq Global Select Market over any 70 consecutive trading day period during the four-year performance period equals or exceeds $220, for a maximum of 150% of the target Performance-Based RSUs.