President of Microchip Technology Incorporated just cashed-in 29,495 options


Steve Sanghi, President of Microchip Technology Incorporated and a director of the company, recently cashed-in 29,495 options. The options were exercised at $47.37, while the disposals took place at $47.02 per share, on dates ranging from August 15 to August 19, 2014. Sanghi continues to hold 4,871,297 shares of the company. Sanghi operates out of Chandler, AZ. Some additional info was provided as follows:

Of the 4,897,292 shares held, 1,860,356 shares were held by The Sanghi Trust;;and 3,036,936 shares were held by The Sanghi Family Limited Partnership.. Of the 4,900,792 shares held, 1,863,856 shares were held by The Sanghi Trust;;and 3,036,936 shares were held by The Sanghi Family Limited Partnership. Of the 4,871,297 shares held, 1,834,361 shares were held by Th e Sanghi Trust;;and 3,036,936 shares were held by The Sanghi Family Limited Partnership. The restricted stock units will vest in full on August 15, 2014 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest. The restricted stock units will vest in four equal quarterly installments beginning May 15, 2014, as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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