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SEC Filings
DEF 14A
QLOGIC CORP filed this Form DEF 14A on 07/23/1996
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<PAGE>   5
 

                         STOCK OWNERSHIP OF MANAGEMENT
 
     The following table sets forth certain information regarding the shares of
the Company's common stock beneficially owned as of the Record Date by all
directors, nominees, executive officers identified in the Summary Compensation
Table below, all executive officers of the Company, and all current directors
and executive officers of the Company as a group:
 

<TABLE>
<CAPTION>
 
                                                            AMOUNT AND
                                                             NATURE OF
  TITLE OF                                                   BENEFICIAL          PERCENT
    CLASS                NAME OF BENEFICIAL OWNER           OWNERSHIP(1)       OF CLASS(2)
- -------------      -------------------------------------    ------------       -----------
<S>                <C>                                      <C>                <C>
Common
  Stock......      Gary E. Liebl                                15,500(3)             *
Common
  Stock......      James A. Bixby                                8,333(4)             *
Common
  Stock......      H.K. Desai                                   30,000(5)             *
Common
  Stock......      Carol L. Miltner                              8,333(4)             *
Common
  Stock......      George D. Wells                               8,333(4)             *
Common
  Stock......      Thomas R. Anderson                           26,453(6)             *
Common
  Stock......      David Tovey                                  18,562(7)             *
Common
  Stock......      Michael Manning                              32,987(8)             *
Common
  Stock......      Melvin G. Gable(9)                              -0-                *
Common
  Stock......      Joseph F. Pleso(10)                             -0-                *
                   All current directors and executive
                     officers as a group (8 persons)           148,501              2.6%
</TABLE>

 
- ---------------
 
 (1) Except as otherwise indicated and subject to applicable community property
     and similar laws, the Company assumes that each named person has the sole
     voting and investment power with respect to his or her shares (other than
     shares subject to options).
 
 (2) Percent of class is based on the number of shares outstanding on the Record
     Date plus, with respect to each named person, the number of shares of
     common stock, if any, which the stockholder has the right to acquire within
     60 days of such date. Ownership of less than 1% is indicated by an
     asterisk.
 
 (3) Includes 12,500 shares which may be purchased pursuant to stock options
     which are currently, or within the next 60 days, will be, exercisable.
 
 (4) Consists entirely of shares which may be purchased pursuant to stock
     options which are currently, or within the next 60 days will be,
     exercisable.
 
 (5) Includes 25,000 shares which may be purchased pursuant to stock options
     which are currently, or within the next 60 days, will be, exercisable.
 
 (6) Includes 21,953 shares which may be purchased pursuant to stock options
     which are currently, or within the next 60 days, will be, exercisable.
 
 (7) Includes 14,062 shares which may be purchased pursuant to stock options
     which are currently, or within the next 60 days, will be, exercisable.
 
 (8) Includes 18,686 shares which may be purchased pursuant to stock options
     which are currently, or within the next 60 days, will be, exercisable.
 
 (9) Mr. Gable resigned as a director, and as President and Chief Executive
     Officer, of the Company effective June 7, 1995.
 
(10) Mr. Pleso was appointed interim President and Chief Executive Officer of
     the Company effective June 7, 1995 and resigned in such capacities
     effective October 10, 1995.
 
                      NOMINATION AND ELECTION OF DIRECTORS
 
     The Company's directors are to be elected at each annual meeting of
stockholders. At this Meeting, five directors are to be elected to serve until
the next annual meeting of stockholders and until their successors are elected
and qualify. The nominees for election as directors at this Meeting set forth in
the table below are all
 
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