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MICROCHIP TECHNOLOGY INC — Director's Dealing 2013
Nov 18, 2013
30107_dirs_2013-11-18_2fad2947-53ee-4f16-86b7-039d4a7b017a.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: 2013-11-15
Reporting Person: LITTLE MITCHELL R (VP, WW Sales and Appns.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-11-15 | Common Stock | M | 6530 | $43.61 | Acquired | 13280 | Direct |
| 2013-11-15 | Common Stock | F | 3073 | $43.61 | Disposed | 10207 | Direct |
| 2013-11-15 | Common Stock | M | 330 | $43.61 | Acquired | 537 | Direct |
| 2013-11-15 | Common Stock | F | 156 | $43.61 | Disposed | 10381 | Direct |
| 2013-11-18 | Common Stock | S | 1249 | $43.01 | Disposed | 9132 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-11-15 | Restricted Stock Units | $43.61 | M | 6530 | Disposed | Common Stock (6530) | Direct | |
| 2013-11-15 | Restricted Stock Units | $43.61 | M | 330 | Disposed | Common Stock (330) | Direct |
Footnotes
F1: 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.
F2: 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.