Power Integrations' CEO Adopts 10b5-1 Trading Plan

August 4, 2003

SAN JOSE, Calif. - August 4, 2003 - Power Integrations, Inc. (NASDAQ:POWI), today announced that Balu Balakrishnan, a member of the board of directors and its president and chief executive officer, has adopted a stock trading plan in accordance with guidelines specified by the Securities and Exchange Commissions Rule 10b5-1.

The one-year plan is effective August 4, 2003, and expires August 4, 2004, unless terminated earlier. Rule 10b5-1 allows employees, at a time when they are not aware of material nonpublic information, to adopt written plans to sell shares on a pre-specified basis, regardless of any subsequent nonpublic information they may receive.

Under the plan, Mr. Balakrishnan may sell up to a total of 52,000 shares. These sales may take place from time to time, subject to certain market conditions over the next year. Mr. Balakrishnan currently has beneficial ownership of 1,192,274 shares of the company's common stock, including vested and unvested stock options.

About Power Integrations

Power Integrations, Inc. is a leading supplier of high-voltage analog integrated circuits for use in AC to DC and DC to DC power conversion. For more information, visit the company's web site at: www.powerint.com or contact the company at 5245 Hellyer Ave., San Jose, Calif. 95138; (408) 414-9200.


John Cobb
Chief Financial Officer
Power Integrations, Inc.
(408) 414-9655

Ellen Brook or Jim Fanucchi
Stapleton Communications Inc.
(650) 470-0200
ellen@stapleton.com or jim@stapleton.com

NASDAQ: POWI $117.24 -0.38
-0.32% Volume: 222,691 August 11, 2020

Contact Us

Joe Shiffler
Director, Investor Relations & Corporate Communications
(408) 414-8528

Literature Requests

Mailing Address:
Power Integrations
Attn: Investor Relations
5245 Hellyer Avenue San Jose, CA. 95138

Transfer Agent:
P.O. Box 30170
College Station, TX 77842
Phone: (781) 575-2879

Subscribe to Investor Alerts

Email Address *
Mailing Lists *

Enter the code shown above.