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Pericom Semiconductor Chairman, CEO sells shares

By Associated Press
May 28, 2008 | Comments (0)

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The chairman, president and chief executive of Pericom Semiconductor Corp. sold 8,899 shares of common stock under a prearranged trading plan, according to a filing with the Securities and Exchange Commission.

In a Form 4 filed with the SEC Tuesday, Alex Chi-Ming Hui reported selling the shares on May 19 for $18.02 to $18.42 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Pericom is based in San Jose, Calif.

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