SEC Form 4 · accession 0001179110-16-026543
VEECO INSTRUMENTS INC · VECO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Shubham Maheshwari
Officer — EVP & CFO
Period of report
Jun 14, 2016
Accepted (ET)
Jun 16, 2016 · 4:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000103145
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | $0.00 | Jun 14, 2016 | A | 20,860 | A | — | — | Common Stock | 20,860 | 20,860 | D |
| Restricted Stock UnitF2 | $0.00 | Jun 14, 2016 | A | 20,040 | A | — | — | Common Stock | 20,040 | 20,040 | D |
| Restricted Stock UnitF3 | $0.00 | Jun 14, 2016 | A | 9,710 | A | — | — | Common Stock | 9,710 | 9,710 | D |
Explanation of responses
- F1Reflects performance-based restricted stock units (PRSUs) granted under the Veeco 2010 Stock Incentive Plan. Each PRSU represents the contingent right to receive one share of Veeco common stock, assuming achievement of the performance criteria by the date corresponding to 100% performance achievement (the "target date"), as specified in the award agreement. If the criteria are achieved prior to the target date, then up to 150% of the shares covered by the award may be earned. If the criteria are achieved after the target date, but still within the designated period, then fewer than 100% of the shares may be earned. If the criteria are not achieved by the specified deadline, then the award will be forfeited. Vested shares will be delivered to the reporting person on the date(s) provided in the award agreement, subject to the reporting person's continued service over the later of: (i) three years from the grant date or, (ii) the date on which the target is achieved.
- F2Reflects restricted stock units (RSUs) granted under the Veeco 2010 Stock Incentive Plan. Each RSU represents the right to receive one share of Veeco common stock, subject to certain restrictions. These restrictions will lapse with respect to 1/4 of such shares on each of the first, second, third and fourth anniversaries of the date of grant, subject to the reporting person's continued service through such date.
- F3Reflects performance-based restricted stock units (PRSUs) granted under the Veeco 2010 Stock Incentive Plan. Each PRSU represents the contingent right to receive one share of Veeco common stock, assuming achievement of the performance criteria as specified in the award agreement. If the criteria are achieved by the end of the performance period then up to 100% of the shares covered by the award may be earned. If the criteria are not achieved by the end of the performance period, then the award will be forfeited. Assuming the criteria have been met, vested shares will be delivered to the reporting person on the date(s) provided in the award agreement, subject to the reporting person's continued service over the performance period ending on June 30, 2017.