SEC Form 4 · accession 0001179110-19-002351
VEECO INSTRUMENTS INC · VECO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P Kiernan
Officer — SVP Finance & Treas.
Period of report
Feb 21, 2019
Accepted (ET)
Feb 22, 2019 · 4:47 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, 2019 | M | 585 | $0.00 | A | 33,704 | D | |
| Common StockF2 | Feb 21, 2019 | F | 230 | $11.67 | D | 33,474 | 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, 2019 | M | 585 | D | Feb 21, 2019 | — | Common Stock | 585 | 0 | 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 second half of the vesting of shares earned upon the partial achievement of performance criteria of PRSUs granted on June 12, 2014 (the performance period for which ended on December 31, 2017). The first half of the vesting of shares earned and the forfeiture of unearned shares from this award were reported on February 23, 2018.