0001209191-14-025756.txt : 20140403
0001209191-14-025756.hdr.sgml : 20140403
20140403191815
ACCESSION NUMBER: 0001209191-14-025756
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140401
FILED AS OF DATE: 20140403
DATE AS OF CHANGE: 20140403
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SUPERTEX INC
CENTRAL INDEX KEY: 0000730000
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 942328535
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1221
BUSINESS ADDRESS:
STREET 1: 1235 BORDEAUX DR
CITY: SUNNYVALE
STATE: CA
ZIP: 94089
BUSINESS PHONE: 4087440100
MAIL ADDRESS:
STREET 1: 1235 BORDEAUX DR
CITY: SUNNYVALE
STATE: CA
ZIP: 94089
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LEE MICHAEL JAMES
CENTRAL INDEX KEY: 0001215302
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-12718
FILM NUMBER: 14743896
MAIL ADDRESS:
STREET 1: 1235 BORDEAUX DRIVE
CITY: SUNNYVALE
STATE: CA
ZIP: 94089
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-04-01
1
0000730000
SUPERTEX INC
SUPX
0001215302
LEE MICHAEL JAMES
1235 BOARDEAUX DR.
SUNNYVALE
CA
94089
0
1
0
0
VP, I.C. Design & Marketing
Common Stock
2014-04-01
4
D
0
48465
33.00
D
0
D
Stock Option (right to buy)
33.95
2014-04-01
4
D
0
8000
0.00
D
2017-12-02
Common Stock
8000
0
D
Stock Option (right to buy)
20.85
2014-04-01
4
D
0
35000
12.15
D
2018-11-30
Common Stock
35000
0
D
Stock Option (right to buy)
19.51
2014-04-01
4
D
0
14000
D
2021-08-30
Common Stock
14000
0
D
Stock Option (right to buy)
22.15
2014-04-01
4
D
0
2900
D
2023-06-02
Common Stock
2900
0
D
Stock Option (right to buy)
23.06
2014-04-01
4
D
0
10000
D
2023-09-02
Common Stock
10000
0
D
Disposed of pursuant to that certain Agreement and Plan of Merger dated as of February 9, 2014 (the "Merger Agreement"), by and among Supertex, Inc., a California corporation (the "Issuer"), Microchip Technology Incorporated, a Delaware corporation ("Microchip"), and Orchid Acquisition Corporation, a California corporation and a wholly owned subsidiary of Microchip ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer with the Issuer surviving the merger as a wholly owned subsidiary of Microchip (the "Merger"), in exchange for $33.00 per share (the "Merger Consideration") on the effective date of the Merger.
This option is fully vested.
Pursuant to the Merger Agreement, this out of the money option was canceled.
This option becomes exercisable at the rate of 50% of the underlying shares on the third anniversary of the grant date, with 50% vesting the following year.
Pursuant to the Merger Agreement, this option was cancelled and converted in to the right to receive a cash payment equal to the number of shares of the Issuer's common stock underlying this option multiplied by the amount, if any, that $33.00 exceeded the exercise price of the this option, less any applicable withholding taxes.
Pursuant to the Merger Agreement, this option was converted into an option to acquire the number of shares of Microchip common stock determined by multiplying the number of shares of Issuer common stock subject to this option by 0.697, with an exercise price per share determined by dividing the exercise price per share of this option by 0.697, and otherwise subject to substantially the same terms and conditions as applied to this option.
This option becomes exercisable at the rate of 20% of the underlying shares each year for 5 years at the anniversary date.
/s/ Michael Lee
2014-04-03