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MICROCHIP TECHNOLOGY INC — Director's Dealing 2013
Dec 19, 2013
30107_dirs_2013-12-19_1580eef3-0fd7-4064-a25f-9d2b50f9ca79.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: MICROCHIP TECHNOLOGY INC (MCHP)
CIK: 0000827054
Period of Report: 2013-11-15
Reporting Person: SANGHI STEVE (Director, President, CEO, Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-11-15 | Common Stock | M | 27937 | $27.05 | Acquired | 5057609 | Indirect |
| 2013-11-15 | Common Stock | S | 27937 | $43.45 | Disposed | 5029672 | Indirect |
| 2013-11-15 | Common Stock | M | 28570 | $43.61 | Acquired | 5058242 | Indirect |
| 2013-11-15 | Common Stock | M | 718 | $43.61 | Acquired | 5058960 | Indirect |
| 2013-11-15 | Common Stock | M | 3500 | $43.61 | Acquired | 5062460 | Indirect |
| 2013-11-18 | Common Stock | M | 10000 | $27.05 | Acquired | 5072460 | Indirect |
| 2013-11-18 | Common Stock | S | 10000 | $43.26 | Disposed | 5062460 | Indirect |
| 2013-11-18 | Common Stock | S | 32788 | $43.43 | Disposed | 5029672 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-11-15 | Common Stock Option (Right to Buy) | $27.05 | M | 27937 | Disposed | 2014-04-01 | Common Stock (145000) | Direct |
| 2013-11-15 | Restricted Stock Units | $43.61 | M | 28570 | Disposed | Common Stock (28570) | Direct | |
| 2013-11-15 | Restriicted Stock Units | $43.61 | M | 718 | Disposed | Common Stock (718) | Direct | |
| 2013-11-15 | Restricted Stock Units | $43.61 | M | 3500 | Disposed | Common Stock (14000) | Direct | |
| 2013-11-18 | Common Stock Option (Right to Buy) | $27.05 | M | 10000 | Disposed | 2014-04-01 | Common Stock (10000) | Direct |
Footnotes
F1: Of the 5,057,609 shares held, 2,020,673 shares were held by the Sanghi Trust; and 3,036,936 shares were held by the Sanghi Family Limited Partnership..
F2: Of the 5,,029,672 shares held, 1,992,736 shares were held by the Sanghi Trust; and 3,036,936 shares were held by the Sanghi Family Limited Partnership.
F3: Of the 5,,058,242 shares held, 2,021,306 shares were held by the Sanghi Trust; and 3,036,936 shares were held by the Sanghi Family Limited Partnership.
F4: Of the 5,058,960 shares held, 2,022,024 shares were held by the Sanghi Trust; and 3,036,936 shares were held by the Sanghi Family Limited Partnership.
F5: Of the 5,062,460 shares held, 2,025,524 shares were held by the Sanghi Trust; and 3,036,936 shares were held by the Sanghi Family Limited Partnership.
F6: Of the 5,072,460 shares held, 2,035,524 shares were held by the Sanghi Trust; and 3,036,936 shares were held by the Sanghi Family Limited Partnership.
F7: The restricted stock units will vest in full on November 15, 2013 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 December 31, 2009. Vested shares will be delivered to the reporting person upon vest.
F8: Each performance unit represents a contingent right to receive one share of MCHP common stock. The performance units vest in full upon MCHP achieving quarterly non-GAAP earnings per share of $0.63 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
F9: The restricted stock units will vest in four equal quarterly installments beginning May 15, 2013, as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting
person upon vest.
F10: This Amended Form 4 is filed to accurately report the number of shares at the beginning of the period. All subsequent reports filed after this date are deemed to include the modification herein.