Penalties for theft (Art 309)

Under Article 309 of the RPC, an accused found guilty of simple theft when the value of the stolen property exceeds P22,000.00 shall be sentenced to:
Art. 309. Penalties. - Any person guilty of theft shall be punished by:

1. The penalty of prision mayor in its minimum and medium periods, if the value of the thing stolen is more than 12,000 pesos but does not exceed 22,000 pesos; but if the value of the thing stolen exceed the latter amount, the penalty shall be the maximum period of the one prescribed in this paragraph, and one year for each additional ten thousand pesos, but the total of the penalty which may be imposed shall not exceed twenty years. In such cases, and in connection with the accessory penalties which may be imposed and for the purpose of the other provisions of this Code, the penalty shall be termed prision mayor or reclusion temporal, as the case may be.
Thus, the minimum, medium, and maximum periods of the penalty prescribed are:

Minimum - 6 years and 1 day to 7 years and 4 months 

Medium - 7 years, 4 months and 1 day to 8 years and 8 months

Maximum - 8 years, 8 months, and 1 day to 10 years