Ganesh Moorthy - May 15, 2021 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Role
President & CEO, Director
Signature
Deborah L. Wussler, as Attorney-in-Fact
Stock symbol
MCHP
Transactions as of
May 15, 2021
Transactions value $
$818,782
Form type
4
Date filed
5/19/2021, 03:20 PM
Previous filing
May 7, 2021
Next filing
May 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Options Exercise $455K +3.17K +0.97% $143.52 330K May 15, 2021 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$195K -1.36K -0.41% $143.52 329K May 15, 2021 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $980K +6.83K +2.08% $143.52 336K May 15, 2021 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$421K -2.93K -0.87% $143.52 333K May 15, 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 -6.83K -100% $0.00* 0 May 15, 2021 Common Stock 6.83K $143.52 Direct F1
transaction MCHP Restricted Stock Units Options Exercise $0 -3.17K -11.11% $0.00 25.4K May 15, 2021 Common Stock 3.17K $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.