Brian C. White - 26 Aug 2021 Form 4 Insider Report for MAXIM INTEGRATED PRODUCTS INC

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
30 Aug 2021, 21:14:24 UTC
Prior SEC filing
18 Aug 2021
Next SEC filing
08 Apr 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ BY MARK CASPER, ATTORNEY-IN-FACT FOR BRIAN WHITE

Key filing fact

Brian C. White filed Form 4 for MAXIM INTEGRATED PRODUCTS INC on 30 Aug 2021.

Key facts

  • This page summarizes Brian C. White's Form 4 filing for MAXIM INTEGRATED PRODUCTS INC.
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 30 Aug 2021, 21:14.

Change

  • Previous filing in this sequence was filed on 18 Aug 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MXIM transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-108,184
Change %
-100%
Price
Shares after
0
Date
26 Aug 2021
Ownership
Direct
Footnotes
F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MXIM transaction Derivative

Performance Shares

Disposed to Issuer

Transaction value
$0
Shares
-17,972
Change %
-100%
Price
$0.000000*
Shares after
0
Date
26 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
Exercise price
$0.000000
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Brian C. White is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

Reflects disposition in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of July 12, 2020 (the "Merger Agreement"), among the Issuer, Analog Devices, Inc. ("ADI") and Magneto Corp. ("Merger Sub"), pursuant to which (i) Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of ADI , and (ii) at the effective time of the Merger (the "Effective Time"), each share of common stock, par value $0.001 per share, of the Issuer (the "Common Stock") outstanding immediately prior to the Effective Time was disposed of in exchange for 0.6300 (the "Exchange Ratio") of a share of common stock, par value $0.16 2/3 per share,

Footnote F2

(Continued from Footnote 1) of ADI (having a market value at the Effective Time of $103.32 per share of Common Stock based on the closing price per share of ADI common stock on the last trading day prior to the Merger of $164.00 per share), together with cash in lieu of any fractional shares of ADI common stock.

Footnote F3

Includes (i) 22,764 Restricted Shares that, pursuant to the Merger Agreement, were disposed of in exchange for a number of restricted shares of ADI common stock based on the Exchange Ratio on the same vesting and other terms and conditions as the Restricted Shares and (ii) 46,680 Restricted Stock Units that, pursuant to the Merger Agreement, were disposed of in exchange for restricted stock unit awards with respect to a number of shares of ADI common stock based on the Exchange Ratio on the same vesting and other terms and conditions.

Footnote F4

Represents performance share units of the Issuer that were previously reported in connection with a performance share award granted on September 3, 2019 and would have vested on August 15, 2023.

Footnote F5

In accordance with the terms of the Merger Agreement and the award agreement, (i) 9,687 shares underlying such performance share award automatically vested immediately prior to the Effective Time, with the number of shares of Common Stock ultimately acquired upon such vesting event being net of a number shares of Common Stock withheld for tax withholding pursuant to the award agreement and which Common Stock was disposed of at the Effective Time for a number of shares of ADI common stock based on the Exchange Ratio and (ii) the balance of such performance share award was disposed of in exchange for a time-based restricted stock unit award with respect to a number of shares of ADI common stock determined by multiplying the number of shares of Common Stock subject to such performance share award (after giving effect to the applicable provisions, if any, of the award agreement governing the treatment of such award upon the consummation of a "change in control"), by the Exchange Ratio.

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