SEC Form 4 · accession 0001179110-18-002724
VEECO INSTRUMENTS INC · VECO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William John Miller
Officer — President
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 4:35 pm EST
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 | Feb 21, 2018 | M | 1,569 | $0.00 | A | 98,394 | D | |
| Common StockF2 | Feb 21, 2018 | F | 852 | $18.35 | D | 97,542 | 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 | Feb 21, 2018 | M | 2,615 | D | Feb 21, 2018 | — | Common Stock | 2,615 | 5,755 | D |
Explanation of responses
- F1Represents the issuance of shares upon the vesting of performance-based restricted stock units (PRSUs) granted on June 12, 2014 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 and forfeiture of certain PRSUs granted on June 12, 2014, based on partial achievement of performance criteria and other terms specified in the award agreement. Subject to the executive's continued employment, an additional 1,570 PRSUs will vest on February 21, 2019. 1,046 of the PRSUs granted on June 12, 2014 were deemed to have not been earned and were forfeited in accordance with the terms of the award. The performance period for this component of the award ended December 31, 2017.