Steve Sanghi - Jul 1, 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: Jul 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/6/2021, 06:18 PM
Previous filing: Jun 11, 2021
Next filing: Aug 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MCHP	Common Stock						5M	Jul 1, 2021	Shares held Indirectly, by Trust and by Family Limited Partnership.	F1

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	Award	$0	+2.67K		$0.00	2.67K	Jul 1, 2021	Common Stock	2.67K		Direct	F2, F3
transaction	MCHP	Performance Stock Units	Award	$0	+2.67K		$0.00	2.67K	Jul 1, 2021	Common Stock	2.67K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Of the 5,002,797 shares held, 2,049,861 shares were held by The Sanghi Trust; and 2,952,936 shares were held by The Sanghi Family Limited Partnership
F2	Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
F3	The restricted stock units will vest in full on August 15, 2025 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
F4	Each Performance Stock Unit (PSU) granted under the Microchip Technology Incorporated (Microchip) 2004 Equity Incentive Plan represents a contingent right to receive shares of Microchip common stock based on the relative total shareholder return (TSR) of Microchip common stock compared to a peer group of twenty companies over a three-year period ending on June 30, 2024. The target number of PSU shares that may be earned is reported in the table above, the minimum number of shares that may be earned is zero if Microchip's TSR is at or lower than the 25th percentile of the peer group and the maximum number of shares that may be earned is 200% of the target if Microchip's TSR is at or higher than the 75th percentile of the peer group. Earned PSUs will vest on August 15, 2025 as long as the reporting person remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.