Christopher H. Chang - 05 Mar 2022 Form 4 Insider Report for SEMTECH CORP (SMTC)

Role: SVP
Signature: /s/Christopher H. Chang by Charles B. Ammann under Power of Attorney dated March 15, 2018 (Copy On File)
Issuer symbol: SMTC
Transactions as of: 05 Mar 2022
Net transactions value: -$220,007
Form type: 4
Filing time: 08 Mar 2022, 17:35:59 UTC
Previous filing: 03 Mar 2022
Next filing: 10 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMTC	Common Stock	Options Exercise	$0	+2,334	+24%	$0.000000	12,141	05 Mar 2022	Direct
transaction	SMTC	Common Stock	Tax liability	$52,253	-808	-6.7%	$64.67	11,333	05 Mar 2022	Direct
transaction	SMTC	Common Stock	Options Exercise	$0	+7,500	+66%	$0.000000	18,833	06 Mar 2022	Direct
transaction	SMTC	Common Stock	Tax liability	$167,754	-2,594	-14%	$64.67	16,239	06 Mar 2022	Direct

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	SMTC	Restricted Stock Unit	Options Exercise	$0	-7,500	-100%	$0.000000^*	0	06 Mar 2022	SMTC	7,500		Direct	F1, F2, F3
transaction	SMTC	Restricted Stock Unit	Options Exercise	$0	-2,334	-100%	$0.000000^*	0	05 Mar 2022	SMTC	2,334		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each stock unit is the economic equivalent of one share of Semtech common stock.
F2	This grant vests in four annual installments beginning on March 6, 2019.
F3	This grant vests in four annual installments beginning on March 6, 2019.
F4	This grant vests in three annual installments beginning on March 5, 2020.