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MONOLITHIC POWER SYSTEMS INC — Director's Dealing 2019
Feb 13, 2019
30057_dirs_2019-02-13_939e3e35-f69e-42fd-9c88-a32fda7d8c6a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MONOLITHIC POWER SYSTEMS INC (MPWR)
CIK: 0001280452
Period of Report: 2019-02-11
Reporting Person: Blegen Theodore (CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-02-11 | Common Stock | A | 43893 | $30.0 | Acquired | 97800 | Direct |
| 2019-02-12 | Common Stock | S | 12656 | $130.6571 | Disposed | 85144 | Direct |
Footnotes
F1: On February 7, 2017, the reporting person was granted a target of 16,882 shares of restricted stock units, with the right to earn up to 300% of the target shares, subject to satisfaction of pre-determined, performance-based vesting criteria. On February 11, 2019, the Company's Compensation Committee of the Board of Directors determined and approved the achievement of the performance criteria for the restricted stock units, which resulted in 27,011 additional shares being earned by the reporting person. Of the restricted stock units that were awarded, 21,947 will vest immediately and 21,946 will vest quarterly in the next two years.
F2: The reported sales were to cover taxes upon the vesting of restricted stock units, as required by the Company's equity incentive plans.