SEC Form 4 · accession 0001179110-17-009344
VEECO INSTRUMENTS INC · VECO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shubham Maheshwari
Officer — EVP & CFO
Period of report
Jun 16, 2017
Accepted (ET)
Jun 20, 2017 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000103145
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 16, 2017 | A | 10,130 | $0.00 | A | 62,127 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2 | $0.00 | Jun 16, 2017 | A | 10,540 | A | — | — | Common Stock | 10,540 | 10,540 | D |
Explanation of responses
- F1These shares were acquired pursuant to a restricted stock award under the Veeco Instruments Inc. 2010 Stock Incentive Plan (the "Plan") and are subject to certain restrictions. These restrictions will lapse with respect to one-fourth 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.
- F2Reflects performance-based restricted stock units (PRSUs) granted under the 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 through the date the award is deemed to have been earned, but no earlier than the 3rd anniversary of the grant date.