4//SEC Filing
INTEGRATED DEVICE TECHNOLOGY INC 4
Accession 0001603814-17-000051
CIK 0000703361operating
Filed
Jun 15, 8:00 PM ET
Accepted
Jun 16, 8:40 PM ET
Size
9.2 KB
Accession
0001603814-17-000051
Insider Transaction Report
Form 4
BRANDALISE MATTHEW D
GENERAL COUNSEL & CORP SECRETA
Transactions
- Exercise/Conversion
Performance Rights
2017-06-15−10,809→ 0 totalExercise: $0.00→ Common Stock (10,809 underlying) - Sale
Common Stock
2017-06-15$24.36/sh−8,600$209,467→ 74,378 total - Exercise/Conversion
Common Stock
2017-06-15+6,594→ 82,978 total
Footnotes (3)
- [F1]Each performance right, originally granted on June 15, 2015, was converted into the right to receive .61 restricted stock units (with each restricted stock unit representing the right to receive one share of IDT common stock) based upon the achievement of a relative total stockholder return performance goal, as certified by IDT's compensation committee on June 15, 2017. The restricted stock units vest in respect of 50% of the shares underlying the performance rights on each of June 15, 2017 and June 15, 2018, subject to the reporting person's continued service with IDT through the applicable vesting date.
- [F2]Constitutes shares sold to cover the tax liability incurred in respect of the vesting of the restricted stock units.
- [F3]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $24.13 to $24.59, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.
Documents
Issuer
INTEGRATED DEVICE TECHNOLOGY INC
CIK 0000703361
Entity typeoperating
Related Parties
1- filerCIK 0000703361
Filing Metadata
- Form type
- 4
- Filed
- Jun 15, 8:00 PM ET
- Accepted
- Jun 16, 8:40 PM ET
- Size
- 9.2 KB