FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
PMC SIERRA INC [ PMCS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/05/2003 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 11/05/2003 | M | 14,159 | A | $3.5313 | 212,647(1) | D | |||
Common Stock | 11/05/2003 | M | 10,000 | A | $0.49 | 222,647(1) | D | |||
Common Stock | 11/05/2003 | M | 105,884 | A | $4.25 | 328,531(1) | D | |||
Common Stock | 11/05/2003 | M | 120,000 | A | $5.95 | 448,531(1) | D | |||
Common Stock | 11/05/2003 | S | 250,043 | D | $20.374(2) | 198,488(1) | D | |||
Common Stock | 2,890 | I | By Son | |||||||
Common Stock | 2,890 | I | By Daughter |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (Right to Buy) | $3.5313 | 11/05/2003 | M | 14,159 | 12/31/2000(3) | 01/22/2007 | Common Stock | 14,159 | $0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $0.49 | 11/05/2003 | M | 10,000 | 12/19/2001(3) | 09/02/2004 | Common Stock | 10,000(4) | $0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $4.25 | 11/05/2003 | M | 105,884 | 12/31/1999(3) | 01/23/2006 | Common Stock | 105,884 | $0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $5.95 | 11/05/2003 | M | 120,000 | 03/31/2003(5) | 03/31/2013 | Common Stock | 1,630,000(6) | $0 | 1,510,000 | D |
Explanation of Responses: |
1. Includes 1,428 shares acquired on 01/01/2003 and 2,471 shares acquired on 08/15/2003 pursuant to the 1991 Employee Stock Purchase Plan. |
2. $20.3740 is the weighted average price. 250,043 shares in total were sold in increments at prices ranging from a high of $20.42 to a low of $20.32. |
3. Fully vested |
4. This option was granted in December 2001 in exchange for an option to purchase Special Shares of PMC-Sierra, Ltd. No change in beneficial ownership occurred in this exchange. |
5. The option vests 25% on the grant date and as to 1/48 of the remaining shares over 48 months. |
6. An option to purchase 1,630,000 shares, previously reported as multiple options, was granted on 3/31/2003 in exchange for options to purchase 1,630,000 shares cancelled in September 2002. |
/S/NEIL WOLFF, ATTORNEY-IN-FACT FOR ROBERT L. BAILEY | 11/05/2003 | |
** 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 4 (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. |