0000899243-16-027403.txt : 20160817
0000899243-16-027403.hdr.sgml : 20160817
20160817153222
ACCESSION NUMBER: 0000899243-16-027403
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160816
FILED AS OF DATE: 20160817
DATE AS OF CHANGE: 20160817
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: QLOGIC CORP
CENTRAL INDEX KEY: 0000918386
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576]
IRS NUMBER: 330537669
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0330
BUSINESS ADDRESS:
STREET 1: 26650 ALISO VIEJO PARKWAY
CITY: ALISO VIEJO
STATE: CA
ZIP: 92656
BUSINESS PHONE: (949) 389-6000
MAIL ADDRESS:
STREET 1: 26650 ALISO VIEJO PARKWAY
CITY: ALISO VIEJO
STATE: CA
ZIP: 92656
FORMER COMPANY:
FORMER CONFORMED NAME: Q LOGIC CORP
DATE OF NAME CHANGE: 19940201
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ZEITLER WILLIAM M
CENTRAL INDEX KEY: 0001180516
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23298
FILM NUMBER: 161838494
MAIL ADDRESS:
STREET 1: QLOGIC CORPORATION
STREET 2: 26650 ALISO VIEJO PARKWAY
CITY: ALISO VIEJO
STATE: CA
ZIP: 92656
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2016-08-16
1
0000918386
QLOGIC CORP
QLGC
0001180516
ZEITLER WILLIAM M
26650 ALISO VIEJO PARKWAY
ALISO VIEJO
CA
92656
1
0
0
0
Common Stock
2016-08-16
4
D
0
51780
D
0
D
Restricted Stock Units
2016-08-16
4
D
0
15000
D
Common Stock
15000
0
D
Stock Options (Right to buy)
11.26
2016-08-16
4
D
0
8005
D
Common Stock
8005
0
D
Stock Options (Right to buy)
12.14
2016-08-16
4
D
0
7403
D
Common Stock
7403
0
D
Stock Options (Right to buy)
12.94
2016-08-16
4
D
0
14024
D
Common Stock
14024
0
D
Stock Options (Right to buy)
15.93
2016-08-16
4
D
0
41644
D
Common Stock
41644
0
D
Disposed of pursuant to the Agreement and Plan of Merger by and among Cavium, Inc. ("Cavium"), Quasar Acquisition Corp. (a wholly owned subsidiary of Cavium), and Issuer, dated as of June 15, 2016 (the "Merger Agreement" and, the transaction contemplated therein, the "Merger"), whereby each share of Issuer common stock was cancelled and automatically converted into $11.00 in cash, without interest, and 0.098 shares of Cavium common stock (together, the "Per Share Amount"), with the fractional shares being paid in cash as provided in the Merger Agreement. The market value of the Per Share Amount is $16.09 per share, based on the trading price of Cavium common stock as of end of trading on August 15, 2016.
In connection with the Merger, the vesting of this Restricted Stock Unit award (the "RSU") was fully accelerated pursuant to the terms of the RSU. Pursuant to the Merger Agreement, each Issuer share issuable upon vesting of the award was cancelled and automatically converted into the right to receive the Per Share Amount.
Disposed of pursuant to the Merger Agreement and the Merger, whereby each Issuer vested stock option was cancelled and automatically converted into a combination of cash and Cavium common stock that together equal the positive difference, if any, between the dollar value of the Per Share Amount and the exercise price applicable to the Issuer stock option, multiplied by the number of shares of Issuer common stock for which the Issuer stock option was exercisable.
/s/ Michael L. Hawkins as Attorney-in-Fact
2016-08-16