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MICROCHIP TECHNOLOGY INC — Director's Dealing 2016
Jul 6, 2016
30107_dirs_2016-07-06_19e33d48-23f7-415b-a5e8-8921b2b3f47a.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: 2016-07-02
Reporting Person: SANGHI STEVE (Director, President, CEO, Chairman)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-07-02 | Restricted Stock Units | $ | A | 1621 | Acquired | Common Stock (1621) | Direct | |
| 2016-07-02 | Restricted Stock Units | $ | A | 1420 | Acquired | Common Stock (1420) | Direct | |
| 2016-07-02 | Restricted Stock Units | $ | A | 563 | Acquired | Common Stock (563) | Direct | |
| 2016-07-02 | Restricted Stock Units | $ | A | 20755 | Acquired | Common Stock (20755) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4642417 | Indirect |
Footnotes
F1: Of the 4,642,417 shares held, 1,689,481 shares were held by the Sanghi Trust; and 2,952,936 shares were held by the Sanghi Family Limited Partnership.
F2: Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
F3: The restricted stock units will vest in full on August 15, 2017 as long as the individual remains a service provider through the vesting date and the Company achieves performance targets for operating expense in the quarter ended September 30, 2016. Vested shares will be delivered to the reporting person upon vest.
F4: The restricted stock units will vest in full on August 15, 2018 as long as the individual remains a service provider through the vesting date and the Company achieves performance targets for operating expense in the quarter ended September 30, 2016. Vested shares will be delivered to the reporting person upon vest.
F5: The restricted stock units will vest in full on August 15, 2019 as long as the individual remains a service provider through the vesting date and the Company achieves performance targets for operating expense in the quarter ended September 30, 2016. Vested shares will be delivered to the reporting person upon vest.
F6: The restricted stock units will vest in full on August 15, 2020 as long as the individual remains a service provider through the vesting date and the Company achieves performance targets for operating expense in the quarter ended September 30, 2016. Vested shares will be delivered to the reporting person upon vest.