Statement of Changes in Beneficial Ownership (4)
March 12 2021 - 4:13PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Mammen Timothy PV |
2. Issuer Name and Ticker or Trading Symbol
IPG PHOTONICS CORP
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IPGP
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP, Chief Financial Officer |
(Last)
(First)
(Middle)
C/O IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/10/2021 |
(Street)
OXFORD, MA 01540
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 3/10/2021 | | M | | 534 | A | $119.50 | 46309 | D | |
Common Stock | 3/10/2021 | | S | | 509 | D(1) | $210.20 (2) | 45800 | D | |
Common Stock | 3/10/2021 | | S | | 25 | D(1) | $211.36 (3) | 45775 | D | |
Common Stock | 3/11/2021 | | M | | 1666 | A | $119.50 | 47441 | D | |
Common Stock | 3/11/2021 | | S | | 100 | D(1) | $210.36 (4) | 47341 | D | |
Common Stock | 3/11/2021 | | S | | 160 | D(1) | $211.82 (5) | 47181 | D | |
Common Stock | 3/11/2021 | | S | | 160 | D(1) | $212.56 (6) | 47021 | D | |
Common Stock | 3/11/2021 | | S | | 946 | D(1) | $214.21 (7) | 46075 | D | |
Common Stock | 3/11/2021 | | S | | 300 | D(1) | $214.84 (8) | 45775 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (right to buy) | $119.5 | 3/10/2021 | | M | | | 534 | (9) | 2/16/2027 | Common Stock | 534.0 | $0 | 1666 | D | |
Employee Stock Option (right to buy) | $119.5 | 3/11/2021 | | M | | | 1666 | (9) | 2/16/2027 | Common Stock | 1666.0 | $0 | 0 | D | |
Explanation of Responses: |
(1) | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 16, 2020. |
(2) | The reported transaction involves sale transactions ranging from $210.00 to $210.52 per share. The weighted average price per share was $210.20. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price. |
(3) | The reported transaction involves sale transactions ranging from $211.35 to $211.53 per share. The weighted average price per share was $211.36. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price. |
(4) | The reported transaction involves sale transactions ranging from $210.05 to $210.66 per share. The weighted average price per share was $210.36. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price. |
(5) | The reported transaction involves sale transactions ranging from $211.21 to $212.20 per share. The weighted average price per share was $211.82. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price. |
(6) | The reported transaction involves sale transactions ranging from $212.22 to $213.00 per share. The weighted average price per share was $212.56. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price. |
(7) | The reported transaction involves sale transactions ranging from $213.59 to $214.58 per share. The weighted average price per share was $214.21. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price. |
(8) | The reported transaction involves sale transactions ranging from $214.65 to $215.38 per share. The weighted average price per share was $214.84. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price. |
(9) | Grant of stock options vesting in four equal annual installments commencing on March 1, 2018. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Mammen Timothy PV C/O IPG PHOTONICS CORPORATION 50 OLD WEBSTER ROAD OXFORD, MA 01540 |
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| SVP, Chief Financial Officer |
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Signatures
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/s/ Angelo P. Lopresti, Attorney-in-Fact | | 3/12/2021 |
**Signature of Reporting Person | Date |
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