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

Role
Executive Chair, Director
Signature
Deborah L. Wussler, as Attorney-in-Fact
Stock symbol
MCHP
Transactions as of
May 15, 2021
Transactions value $
$3,004,017
Form type
4
Date filed
5/19/2021, 03:21 PM
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 $2.05M +14.3K +0.29% $143.52 4.99M May 15, 2021 Shares held Indirectly, by Trust and by Family Limited Partnership. F1
transaction MCHP Common Stock Options Exercise $953K +6.64K +0.13% $143.52 5M May 15, 2021 Shares held Indirectly, by Trust and by Family Limited Partnership. F2

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 -14.3K -100% $0.00* 0 May 15, 2021 Common Stock 14.3K $143.52 Direct F3
transaction MCHP Restricted Stock Units Options Exercise $0 -6.64K -11.11% $0.00 53.1K May 15, 2021 Common Stock 6.64K $143.52 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the 4,991,587 shares held, 2,038,651 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
F2 Of the 4,998,224 shares held, 2,045,288 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership.
F3 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.
F4 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.