Eric Meurice - Jul 31, 2023 Form 4/A Insider Report for IPG PHOTONICS CORP (IPGP)

Role
Director
Signature
/s/ Adam N. King, Attorney-in-Fact
Stock symbol
IPGP
Transactions as of
Jul 31, 2023
Transactions value $
-$53,585
Form type
4/A
Date filed
1/31/2024, 04:06 PM
Date Of Original Report
Aug 2, 2023
Previous filing
Jun 30, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPGP Common Stock Options Exercise $49.8K +785 +4.76% $63.40 17.3K Jul 31, 2023 Direct F1
transaction IPGP Common Stock Sale -$63K -480 -2.78% $131.27 16.8K Jul 31, 2023 Direct F2, F3
transaction IPGP Common Stock Sale -$38.7K -293 -1.74% $132.25 16.5K Jul 31, 2023 Direct F2, F4
transaction IPGP Common Stock Sale -$1.59K -12 -0.07% $132.90 16.5K Jul 31, 2023 Direct F2, F5

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 IPGP Director Stock Option (right to buy) Options Exercise $0 -785 -10% $0.00 7.07K Jul 31, 2023 Common Stock 785 $63.40 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 On August 2, 2023, the Reporting Person filed a Form 4 (the "Original Form 4") which inadvertently omitted the exercise of an aggregate of 785 options by the Reporting Person. The Original Form 4 reported the sale of shares of Common Stock of the Issuer ("Common Stock") underlying those options, pursuant to a Rule 10b5-1 trading plan. This Form 4 amendment is being filed for the purpose of amending and restating the Original Form 4 solely to report the exercise of the stock options and the resulting increase in beneficial ownership of Common Stock. The Reporting Person has not sold any additional shares of Common Stock beyond those sales reported in the Original Form 4.
F2 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2023.
F3 The reported transaction involves sale transactions ranging from $130.86 to $131.72 per share. The weighted average price per share was $131.27. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
F4 The reported transaction involves sale transactions ranging from $131.86 to $132.82 per share. The weighted average price per share was $132.25. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
F5 The reported transaction involves sale transactions ranging from $132.86 to $132.96 per share. The weighted average price per share was $132.90. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
F6 Grant of stock options vesting in four equal annual installments on June 3, 2015, 2016, 2017 and 2018.