Friday, August 21, 2009

Microchip unwinding Supertex postion down to 7.4%

From today's Supertex 13D filing: During the last sixty (60) days, Microchip did not purchase any shares of Common Stock in the open market or pursuant to the exercise of put options previously written and sold by Microchip. During the last sixty (60) days, Microchip sold the following shares of Common Stock in the open market: 233,951 shares........On August 13, 2009, Microchip purchased put options in open market transactions that had the same terms as the put options previously sold by Microchip. As a result, Microchip no longer holds any options for the Company's Common Stock. Specifically, Microchip purchased for $40,500 put options on 30,000 shares of Common Stock at an exercise price of $22.50 per share with an expiration date of January 20, 2010 and Microchip purchased for $775,250 put options on 350,000 shares of Common Stock at an exercise price of $25.00 per share with an expiration date of January 20, 2010.

Previous posts:
Update: Microchip now owns 9.2% of Supertex
Microchip acquires 6.1% of Supertex in last 60 days