SEC Form 4 · accession 0001179110-17-010327
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
Jul 10, 2017
Accepted (ET)
Jul 12, 2017 · 4:40 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,F2 | Jul 10, 2017 | M | 4,566 | $0.00 | A | 67,531 | D | |
| Common StockF3 | Jul 10, 2017 | F | 2,145 | $28.40 | D | 65,386 | 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 UnitsF4 | $0.00 | Jul 10, 2017 | M | 4,566 | D | Jul 10, 2017 | — | Common Stock | 4,566 | 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.
- F2Includes the voluntary reporting of 837.521 shares which were purchased under the Veeco Employee Stock Purchase Plan in a transaction that was exempt under Rule 16b-3(d) and Rule 16b-3(c).
- F3Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.
- F4Represents the vesting of PRSUs, based on the partial achievement of the performance criteria and other terms specified in the award agreement. The performance period for this award ended June 30, 2017. The portion of the award which did not vest was forfeited.