Jeff Jankowsky - Jun 22, 2023 Form 4 Insider Report for TTM TECHNOLOGIES INC (TTMI)

Role
President, A&D C4Isr
Signature
Daniel J. Weber, Attorney-in-Fact
Stock symbol
TTMI
Transactions as of
Jun 22, 2023
Transactions value $
-$53,086
Form type
4
Date filed
6/26/2023, 09:30 PM
Previous filing
Jun 27, 2022
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTMI Common Stock Award $0 +13.1K +23.58% $0.00 68.6K Jun 22, 2023 Direct F1
transaction TTMI Common Stock Tax liability -$53.1K -3.95K -5.76% $13.43 64.6K Jun 23, 2023 Direct F2, F3
* 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 Reflects the grant of restricted stock units. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. The restricted stock units will vest one-third on the first, second and third anniversaries of the date of grant and the stock underlying the restricted units will be delivered on or within 30 days of June 22 of each year.
F2 Represents the sale of shares, pursuant to a 10b5-1 Sales Plan, adopted by the reporting person on August 18, 2022 to pay the tax liability incident to the vesting of RSUs.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.29 to $13.62, inclusive. The reporting person undertakes to provide to TTM Technologies, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.