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POWER INTEGRATIONS INC Director's Dealing 2019

Feb 15, 2019

31606_dirs_2019-02-14_883d2b57-cadc-403a-96bc-9856f448d77e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POWER INTEGRATIONS INC (POWI)
CIK: 0000833640
Period of Report: 2019-02-12

Reporting Person: Sutherland Ben (VP of Sales)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2019-02-12 Common Stock A 7800 $0.0 Acquired 45561.4053 Direct
2019-02-13 Common Stock A 1320 $0.0 Acquired 46881.4053 Direct
2019-02-13 Common Stock A 5224 $0.0 Acquired 52105.4053 Direct
2019-02-14 Common Stock S 628 $70.4212 Disposed 51477.4053 Direct
2019-02-14 Common Stock S 1829 $70.4213 Disposed 49648.4053 Direct
2019-02-14 Common Stock S 736 $70.4213 Disposed 48912.4053 Direct

Footnotes

F1: The reporting person was granted a Performance Stock Unit. The Performance Stock Unit vests based on Power Integrations satisfaction of certain performance conditions. The performance conditions for 2018 were met.

F2: Represents the automatic sale of stock to cover the tax liability associated with the vesting of a Performance Stock Unit.

F3: Sale resulted in short-swing profits that Power Integrations is entitled to recoup from Mr. Sutherland under Section 12(b) of the Securities Exchange Act of 1934, which amounted to $70, and Mr. Sutherland has remitted the full amount of $70 to Power Integrations.

F4: Represents the automatic sale of stock to cover the tax liability associated with the vesting of a Restricted Stock Award.