0001209191-14-025776.txt : 20140403 0001209191-14-025776.hdr.sgml : 20140403 20140403193214 ACCESSION NUMBER: 0001209191-14-025776 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: Kagel Phil CENTRAL INDEX KEY: 0001379961 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-12718 FILM NUMBER: 14743963 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 0001379961 Kagel Phil 1235 BOARDEAUX DR. SUNNYVALE CA 94089 0 1 0 0 VP, Finance and CFO Common Stock 2014-04-01 4 D 0 5000 33.00 D 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 10000 D 2021-08-30 Common Stock 10000 0 D Stock Option (right to buy) 22.15 2014-04-01 4 D 0 5000 D 2023-06-02 Common Stock 5000 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. 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/ Phillip A. Kagel 2014-04-03