SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Sacks Anelise Angelino

(Last) (First) (Middle)
ONE ANALOG WAY

(Street)
WILMINGTON MA 01887

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ANALOG DEVICES INC [ ADI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Customer Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Rule 10b5-1(c) Transaction Indication

  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Comm Stock - $.16-2/3 value 03/15/2024 M 4,578 A $0 19,077.75(1) D
Comm Stock - $.16-2/3 value 03/15/2024 F(2) 1,344.202 D $195.2 17,733.548 D
Comm Stock - $.16-2/3 value 03/15/2024 M 2,616 A $0 20,349.548 D
Comm Stock - $.16-2/3 value 03/15/2024 F(2) 1,264.837 D $195.2 19,084.711 D
Comm Stock - $.16-2/3 value 03/15/2024 M 2,325 A $0 21,409.711 D
Comm Stock - $.16-2/3 value 03/15/2024 F(2) 1,124.14 D $195.2 20,285.571 D
Comm Stock - $.16-2/3 value 03/15/2024 M 572 A $0 20,857.571 D
Comm Stock - $.16-2/3 value 03/15/2024 F(2) 212.424 D $195.2 20,645.147 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
Performance-Based Restricted Stock Unit $0 03/15/2024 M 4,578 03/15/2024(3) (3) Comm Stock - $.16-2/3 value 4,578 $0 0 D
Restricted Stock Unit (RSU) $0 03/15/2024 M 2,616 (4) (4) Comm Stock-$.16-2/3 value 2,616 $0 7,848 D
Restricted Stock Unit (RSU) $0(5) 03/15/2024 M 2,325 (5) (5) Comm Stock - $.16-2/3 value 2,325 $0 6,975 D
Restricted Stock Unit (RSU) $0 03/15/2024 M 572 (6) (6) Comm Stock - $.16-2/3 value 572 $0 1,145 D
Explanation of Responses:
1. Includes 32.377 shares acquired under the Analog Devices, Inc. Amended & Restated 2022 Employee Stock Purchase Plan on December 7, 2023.
2. This disposition represents shares withheld to satisfy tax withholding obligations on the RSUs that vested on March 15, 2024 and are reported herein.
3. This transaction represents the settlement of Performance-Based RSUs granted on March 15, 2021 in shares of common stock of the Company on their scheduled vesting date of March 15, 2024 as a result of the certification of the Company's Compensation and Talent Committee on December 11, 2023 of the satisfaction of performance criteria at 200% of target.
4. The RSUs granted to the Reporting Person on April 4, 2022, vest in equal installments on the first, second, third and fourth anniversaries of March 15, 2022. Upon each vesting date, each vested RSU shall automatically convert into one (1) share of common stock.
5. The RSUs granted to the Reporting Person on April 3, 2023 vest in equal installments on the first, second, third and fourth anniversaries of March 15, 2023. Upon each vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company.
6. The RSUs granted to the Reporting Person on March 15, 2021 (the "Grant Date") vest in equal installments on the first, second, third and fourth anniversaries of the Grant Date. Upon the vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company.
Remarks:
/s/ Shelly Shaw, General Counsel, by Power of Attorney 03/19/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.