0001437749-19-020589.txt : 20191024
0001437749-19-020589.hdr.sgml : 20191024
20191024201645
ACCESSION NUMBER: 0001437749-19-020589
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191022
FILED AS OF DATE: 20191024
DATE AS OF CHANGE: 20191024
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hsing Michael
CENTRAL INDEX KEY: 0001308676
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51026
FILM NUMBER: 191167212
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
rdgdoc.xml
FORM 4
X0306
4
2019-10-22
0001280452
MONOLITHIC POWER SYSTEMS INC
MPWR
0001308676
Hsing Michael
4040 LAKE WASHINGTON BLVD. NE, SUITE 201
KIRKLAND
WA
98033
1
1
CEO
Common Stock
2019-10-22
4
M
0
42783
0
A
1075939
D
Common Stock
2019-10-22
4
M
0
21600
0
A
1097539
D
Common Stock
133040
I
by M Hsing 04 Trust
Performance Shares
2019-10-22
4
M
0
42783
0
D
Common Stock
42783
8939
D
Restricted Stock Units
2019-10-22
4
M
0
21600
0
D
Common Stock
21600
43200
D
On December 31, 2015, the reporting person was granted a target number of 138,743 shares of performance units in four tranches subject to satisfaction of share price targets over the next four years. The vesting of performance units in the second, third and fourth tranches is also subject to the satisfaction of certain operational goals,as determined by the Compensation Committee. All performance units are subject to time based vesting and require service through January 1, 2020 or an earlier change in control. Once vested, one-third of the resulting shares have no sales restrictions and are sellable on January 1, 2020, one-third of the shares have sales restrictions until January 1, 2021 and one-third of the shares have sales restrictions until January 1, 2022. On October 22, 2019,the Compensation Committee determined one of the operational goals for the fourth tranche of performance units had been satisfied, which resulted in 42,783units being credited, subject to time based vesting.
On October 25, 2018, the reporting person was granted a target number of 21,600 performance units and can earn up to maximum of 108,000 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 incontrol. 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 October 22, 2019, the third price target had been met and approved by the Compensation Committee, which resulted in 21,600 units being credited,subject to time based vesting.
/s/ Saria Tseng For: Michael Hsing
2019-10-24