MICROSEMI CORP 4
4 · MICROSEMI CORP · Filed Nov 7, 2013
Insider Transaction Report
Form 4
MICROSEMI CORPMSCC
BRANDI RALPH
Executive Vice President & COO
Transactions
- Exercise/Conversion
Microsemi Common Stock
2013-11-05+54,180→ 131,680 total - Sale
Microsemi Common Stock
2013-11-05$24.18/sh−54,180$1,309,802→ 77,500 total - Exercise/Conversion
Performance Rights
2013-11-05−54,180→ 0 total→ Microsemi Common Stock (54,180 underlying)
Footnotes (2)
- [F1]The transactions reported on this form were executed pursuant to a 10b5-1 plan.
- [F2]Each Performance Right represents a right to receive one share of Microsemi common stock. A target of 63,000 Performance Rights were granted on 11/17/2011 and between 0% and 200% of the target number were eligible to be earned over a two-year performance period ended 09/29/2013 based on Microsemi's revenue and adjusted earnings per share performance relative to a peer group of companies. A total of 73,080 Performance Rights were earned, of which 18,900 were paid on 11/06/2012. This transaction represents the settlement of the balance of 54,180 shares earned in the second year of the performance period.