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