Form Type: 4

SEC EDGAR Link
Accession Number:0000827054-20-000094
Date:2020-04-09
Issuer: MICROCHIP TECHNOLOGY INC (MCHP)
Original Submission Date:

Reporting Person:

SANGHI STEVE
C/O MICROCHIP TECHNOLOGY INCORPORATED
2355 WEST CHANDLER BOULEVARD CHANDLER, AZ 85224-6199

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-04-09 0 $0.00 4,844,515 indirect f1
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2020-04-09 deemed execution date A 8,375 (a) common stock 8,375 $0.00 8,375 direct
PERFORMANCE STOCK UNITS 0.0 2020-04-09 deemed execution date A 8,376 (a) common stock 8,376 $0.00 8,376 direct
Footnotes
IDfootnote
f1 of the 4,821,656 shares held, 1,891,579 shares were held by the sanghi trust; and 2,952,936 shares were held by the sanghi family limited partnership
f2 each restricted stock unit represent a contingent right to receive one share of microchip technology incorporated common stock.
f3 the restricted stock units will vest in full on may 15, 2024 as long as the individual remains a service provider through the vesting date. vested shares will be delivered to the reporting person upon vest.
f4 each performance stock unit (psu) granted under the microchip technology incorporated (microchip) 2004 equity incentive plan represents a contingent right to receive shares of microchip common stock based on the relative total shareholder return (tsr) of microchip common stock compared to a peer group of twenty companies over a two-year period ending on march 31, 2022. the target number of psu shares that may be earned is reported in the table above, the minimum number of shares that may be earned is zero if microchip's tsr is at or lower than the 25th percentile of the peer group and the maximum number of shares that may be earned is 200% of the target if microchip's tsr is at or higher than the 75th percentile of the peer group. earned psus will vest on may 15, 2024 as long as the reporting person remains a service provider through the vesting date. vested shares will be delivered to the reporting person upon vest.
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