0001280452-19-000085.txt : 20190703
0001280452-19-000085.hdr.sgml : 20190703
20190703175646
ACCESSION NUMBER: 0001280452-19-000085
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190423
FILED AS OF DATE: 20190703
DATE AS OF CHANGE: 20190703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Xiao Deming
CENTRAL INDEX KEY: 0001308647
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51026
FILM NUMBER: 19942783
MAIL ADDRESS:
STREET 1: 79 GREAT OAKS BLVD
CITY: SAN JOSE
STATE: CA
ZIP: 95119
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MONOLITHIC POWER SYSTEMS INC
CENTRAL INDEX KEY: 0001280452
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 770466789
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4040 LAKE WASHINGTON BLVD. NE
STREET 2: SUITE 201
CITY: KIRKLAND
STATE: WA
ZIP: 98033
BUSINESS PHONE: 425-296-9956
MAIL ADDRESS:
STREET 1: 4040 LAKE WASHINGTON BLVD. NE
STREET 2: SUITE 201
CITY: KIRKLAND
STATE: WA
ZIP: 98033
4
1
edgardoc.xml
PRIMARY DOCUMENT
X0306
4
2019-04-23
0
0001280452
MONOLITHIC POWER SYSTEMS INC
MPWR
0001308647
Xiao Deming
4040 LAKE WASHINGTON BLVD. NE, SUITE 201
KIRKLAND
WA
98033
0
1
0
0
Pres. of MPS Asia Operations
Common Stock
2019-04-23
4
M
0
9600
0.0
A
359151
D
Common Stock
2019-07-01
4
S
0
4305
139.5561
D
342394
D
Common Stock
1101
I
by Spouse
Restricted Stock Units
2019-04-23
4
M
0
9600
0.0
D
Common Stock
9600
38400
D
On October 25, 2018, the reporting person was granted a target number of 9,600 performance units and can earn up to a maximum of 48,000 performance units subject to satisfaction of five stock price targets ranging from $140 to $172 over the performance periods from October 25, 2018 to December 31, 2023, as determined by the Compensation Committee of the Company. All performance units are subject to time based vesting and require service through January 1, 2024 or an earlier change in control. Once vested, performance units convert into shares of common stock on a 1-for-1 basis and one-third of the resulting shares have no sales restrictions and are sellable on January 1, 2024, one-third of the shares have sales restrictions until January 1, 2025 and one-third have sales restrictions until January 1, 2026. On April 23, 2019, the first price target had been met and approved by the Compensation Committee, which resulted in 9,600 units being credited, subject to time based vesting above.
The reported sales were to cover taxes upon the vesting of restricted stock units, as required by the Company's equity incentive plans.
By: Saria Tseng For: Deming Xiao
2019-07-03