SEC Form 4 · accession 0001179110-19-001634
VEECO INSTRUMENTS INC · VECO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Peeler
Officer — Executive Chairman · Director
Period of report
Feb 6, 2019
Accepted (ET)
Feb 8, 2019 · 4:17 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 | Jan 15, 2019 | G | 10,500 | $0.00 | D | 381,951 | D | |
| Common StockF2 | Feb 6, 2019 | M | 2,562 | $0.00 | A | 384,513 | D | |
| Common StockF3 | Feb 6, 2019 | F | 1,374 | $10.45 | D | 383,139 | 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 | Feb 6, 2019 | M | 6,272 | D | Feb 6, 2019 | — | Common Stock | 6,272 | 2,563 | D |
Explanation of responses
- F1Represents transfers to irrevocable trusts for the benefit of the reporting person's family members. The reporting person disclaims beneficial ownership of these shares.
- F2Represents 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.
- F3Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.
- F4Represents 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 2,563 PRSUs will vest on February 6, 2020. 3,710 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, 2018.