GANESH MOORTHY - 15 May 2021 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Role
President & CEO, Director
Signature
Deborah L. Wussler, as Attorney-in-Fact
Issuer symbol
MCHP
Transactions as of
15 May 2021
Net transactions value
+$818,782
Form type
4
Filing time
19 May 2021, 15:20:42 UTC
Previous filing
07 May 2021
Next filing
21 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Options Exercise $455,102 +3,171 +0.97% $143.52 330,343 15 May 2021 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability $195,474 -1,362 -0.41% $143.52 328,981 15 May 2021 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $980,242 +6,830 +2.1% $143.52 335,811 15 May 2021 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability $421,088 -2,934 -0.87% $143.52 332,877 15 May 2021 Shares held Indirectly, by Trust.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MCHP Restricted Stock Units Options Exercise $0 -6,830 -100% $0.000000* 0 15 May 2021 Common Stock 6,830 $143.52 Direct F1
transaction MCHP Restricted Stock Units Options Exercise $0 -3,171 -11% $0.000000 25,369 15 May 2021 Common Stock 3,171 $143.52 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will vest in full on May 15, 2021 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 June 30, 2017. Vested shares will be delivered to the reporting person upon vest.
F2 The restricted stock units vest in twelve equal quarterly installments beginning 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 December 31, 2018. Vested shares will be delivered to the reporting person upon vest.