SEC Form 4 · accession 0001179110-17-010326
VEECO INSTRUMENTS INC · VECO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P Kiernan
Officer — SVP Fin, Corp. Cntlr. & Treas.
Period of report
Jul 10, 2017
Accepted (ET)
Jul 12, 2017 · 4:39 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 | Jul 10, 2017 | M | 1,996 | $0.00 | A | 27,462 | D | |
| Common StockF2 | Jul 10, 2017 | F | 738 | $28.40 | D | 26,724 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Based Restricted Stock UnitsF3 | $0.00 | Jul 10, 2017 | M | 1,996 | D | Jul 10, 2017 | — | Common Stock | 1,996 | 0 | D |
Explanation of responses
- F1Represents the issuance of shares upon the vesting of performance-based restricted stock units (PRSUs) granted on June 14, 2016 under Veeco's 2010 Stock Incentive Plan.
- F2Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.
- F3Represents the vesting of PRSUs, based on the partial achievement of the performance criteria and other terms specified in the award agreement. The performance period of this award ended June 30, 2017. The portion of the award which did not vest was forfeited.