Filing Details
- Accession Number:
- 0000006281-19-000062
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-03-15 16:08:11
- Reporting Period:
- 2019-03-13
- Accepted Time:
- 2019-03-15 16:08:11
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 6281 | Analog Devices Inc | ADI | Semiconductors & Related Devices (3674) | 042348234 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1201872 | Vincent Roche | P.o. Box 9106 One Technology Way Norwood MA 02062-9106 | President & Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Comm Stock - $.16-2/3 Value | Disposition | 2019-03-14 | 15,505 | $107.20 | 17,376 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Comm Stock - $.16-2/3 Value | Non-Qualified Stock Option (right to buy) | Acquisiton | 2019-03-13 | 100,803 | $0.00 | 100,803 | $108.08 |
| Comm Stock - $.16-2/3 Value | Restricted Stock Unit (RSU) | Acquisiton | 2019-03-13 | 22,763 | $0.00 | 22,763 | $0.00 |
| Comm Stock - $.16-2/3 Value | Performance-Based Restricted Stock Unit | Acquisiton | 2019-03-13 | 22,763 | $0.00 | 22,763 | $0.00 |
| Comm Stock - $.16-2/3 Value | Performance-Based Restricted Stock Unit | Acquisiton | 2019-03-13 | 22,763 | $0.00 | 22,763 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 100,803 | 2020-03-13 | 2029-03-13 | No | 4 | A | Direct |
| 22,763 | 2020-03-13 | No | 4 | A | Direct | |
| 22,763 | 2022-03-27 | No | 5 | A | Direct | |
| 22,763 | 2022-03-13 | No | 5 | A | Direct |
Footnotes
- These shares were disposed of in multiple transactions on March 14, 2019 at actual sales prices ranging from $107.120 to $107.230 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- This option vests in equal installments on the first, second, third, and fourth anniversaries of the Original Grant Date, which was March 13, 2019.
- The Restricted Stock Units granted to the Reporting Person on March 13, 2019 (the "Original Grant Date") vest in equal installments on the first, second, third and fourth anniversaries of the Original Grant Date. Upon each vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company.
- Each Performance-Based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 200% of one share of common stock of the Company. The resulting number of shares of common stock of the Company acquired upon vesting of the Performance-Based RSUs is contingent upon the achievement of pre-established performance parameters relating to the Company's relative total shareholder return (TSR) performance against the median TSR of a defined comparator group of companies, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the grant date and ending on the third anniversary of the grant date.
- Unless earlier forfeited under the terms of the Performance-Based RSU, each Performance-Based RSU vests and converts into no more than 200% of one share of common stock of the Company three years and 14 days after the grant date.
- Each Performance-Based RSU represents the right to receive, following vesting, up to 200% of one share of common stock of the Company. The resulting number of shares of common stock of the Company acquired upon vesting of the Performance-Based RSUs is contingent upon the achievement of pre-established performance parameters relating to the Company's financial performance, as approved by the Company's Compensation Committee, over a one-year performance period, two-year cumulative performance period and three-year cumulative performance period, and vesting on the third anniversary of the grant date.
- Unless earlier forfeited under the terms of the Performance-Based RSU, each Performance-Based RSU vests and converts into no more than 200% of one share of common stock of the Company on the third anniversary of the grant date.
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