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MICROCHIP TECHNOLOGY INC — Director's Dealing 2010
Feb 2, 2010
30107_dirs_2010-02-02_94f27169-8cc2-471e-a2b6-38459202cda4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MICROCHIP TECHNOLOGY INC (MCHP)
CIK: 0000827054
Period of Report: 2010-02-01
Reporting Person: DREHOBL STEPHEN V (VP, Security, MCU & Tech Div.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-02-01 | Common Stock | M | 1600 | $26.51 | Acquired | 9861 | Direct |
| 2010-02-01 | Common Stock | F | 621 | $26.51 | Disposed | 9240 | Direct |
| 2010-02-01 | Common Stock | M | 75 | $26.51 | Acquired | 9315 | Direct |
| 2010-02-01 | Common Stock | F | 30 | $26.51 | Disposed | 9285 | Direct |
| 2010-02-01 | Common Stock | M | 862 | $26.51 | Acquired | 10147 | Direct |
| 2010-02-01 | Common Stock | F | 335 | $26.51 | Disposed | 9812 | Direct |
| 2010-02-01 | Common Stock | M | 500 | $26.51 | Acquired | 10312 | Direct |
| 2010-02-01 | Common Stock | F | 194 | $26.51 | Disposed | 10118 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-02-01 | Restricted Stock Units | $26.51 | M | 1600 | Disposed | Common Stock (12800) | Direct | |
| 2010-02-01 | Restricted Stock Units | $26.51 | M | 75 | Disposed | Common Stock (150) | Direct | |
| 2010-02-01 | Restricted Stock Units | $26.51 | M | 862 | Disposed | Common Stock (6900) | Direct | |
| 2010-02-01 | Restricted Stock Units | $26.51 | M | 500 | Disposed | Common Stock (500) | Direct |
Footnotes
F1: The restricted stock units vest in eight equal quarterly installments beginning May 1, 2008. Vested shares will be delivered to the reporting person upon vest.
F2: The restricted stock units will vest 50% on November 1, 2009 and 50% on February 1, 2010 as long as the individual remains a service provider through the vesting date and the Company achieves performance targets for operating income in the six month period ending September 30, 2008.
F3: The restricted stock units vest in four equal quarterly installments of 862 shares beginning on February 1, 2010 and in four equal quarterly installments of 863 shares beginning on February 1, 2011, as long as the individual remains a service provider through the vesting date and the Company achieves performance targets for operating profit in the quarter ending June 30, 2009. Vested shares will be delivered to the reporting person upon vest.
F4: The restricted stock units will vest in full on February 1, 2010 as long as the individual remains a service provider through the vesting date and the Company achieves performance targets for operating profit in the quarter ended June 30, 2009. Vested shares will be delivered to the reporting person upon vest.