FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 12/09/2014 |
3. Issuer Name and Ticker or Trading Symbol
PMC SIERRA INC [ PMCS ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock(1) | 33,100(2) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (Right to Buy) | (3) | 03/07/2016 | Common Stock | 21,000 | $10.97 | D | |
Stock Option (Right to Buy) | (3) | 03/03/2019 | Common Stock | 6,875 | $4.98 | D | |
Stock Option (Right to Buy) | (3) | 04/06/2020 | Common Stock | 17,400 | $9.06 | D | |
Stock Option (Right to Buy) | 04/05/2012(4) | 04/05/2021 | Common Stock | 19,800 | $7.22 | D |
Explanation of Responses: |
1. The securities are represented by Restricted Stock Units ("RSUs") that will entitle the reporting person to receive one share of PMC-Sierra, Inc. common stock per Restricted Stock Unit. 4,400 RSUs were awarded on May 25, 2011 which 50% vest 24 months from the award date and 25% vest each 12-month period thereafter. 9,900 RSUs were awarded on August 27, 2012, 11,400 RSUs were awarded on August 26, 2013 and 18,500 RSUs were awarded on August 25, 2014. Twenty-five percent (25%) of the Units shall automatically vest each year over four (4) years upon the anniversary of the 25th day of the Award Month. The RSUs will be issued provided the reporting person remains in continuous status as an employee, consultant or director through such date. |
2. The securities were awarded in an exempt transaction pursuant to Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended. |
3. All of the shares subject to the option are fully vested and exercisable. |
4. One-fourth of the shares subject to the option vested on April 5, 2012 and one forty-eighth of the shares shall vest monthly thereafter. |
/s/ Alinka Flaminia, Attorney-in-fact for David M. Fein | 12/15/2014 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |