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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.