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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Microsemi Restricted Stock Units | $ 0 (1) | 10/17/2016 | M | 8,333 | (1) | (1) | Microsemi Common Stock | 8,333 | $ 0 | 20,667 | D | ||||
Microsemi Restricted Stock Units | $ 0 (1) | 10/20/2016 | M | 10,334 | (1) | (1) | Microsemi Common Stock | 10,334 | $ 0 | 10,333 | D | ||||
Performance Rights | (4) | 12/08/2016 | A | 15,271 | (4) | (4) | Microsemi Common Stock | 15,271 | $ 0 | 15,271 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Goerner Frederick C ONE ENTERPRISE ALISO VIEJO, CA 92656 |
Exec VP Worldwide Sales & Mktg |
Mark Lin, Attorney-in-Fact for Frederick C. Goerner | 12/12/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This transaction reports the vesting of awards of restricted stock units and settlement in Microsemi Common Stock on the dates indicated. Each restricted stock unit represents a contingent right to receive one share of Microsemi Common Stock. |
(2) | Award of shares is scheduled to vest, subject to the reporting person's continued employment, over a three year period. |
(3) | Shares issued by Microsemi as part of the reporting person's bonus for fiscal year 2016. |
(4) | Each Performance Right represents a right to receive one share of Microsemi common stock. The target number of Performance Rights is indicated. Between 0% and 270% of the target number will be earned over a three-year performance period incorporating Microsemi's fiscal year 2017, 2018 and 2019, and based on revenue, adjusted earnings per share metrics and total shareholder return relative to a peer group of companies. A portion of the shares may be earned based on performance in each year of the performance period. |