SEC Form 4 · accession 0001256949-16-000016
FORMFACTOR INC · FORM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael M Ludwig
Officer — SR VP, CFO
Period of report
May 5, 2016
Accepted (ET)
May 9, 2016 · 7:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001039399
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 5, 2016 | M | 15,000 | $0.00 | A | 200,513 | D | |
| Common StockF1 | May 6, 2016 | S | 5,733 | $6.8194 | D | 194,780 | D | |
| Common Stock | May 6, 2016 | M | 15,000 | $0.00 | A | 209,780 | D | |
| Common StockF1 | May 9, 2016 | S | 5,690 | $6.80 | D | 204,090 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | May 5, 2016 | M | 15,000 | D | — | — | Common Stock | 15,000 | 15,000 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | May 6, 2016 | M | 15,000 | D | — | — | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1Represents vested shares of common stock sold to satisfy certain tax withholding obligations associated with the conversion of the restricted stock units.
- F2The Restricted Stock Units vest and are exercisable in three annual installments on each May 5 of 2015, 2016, and 2017 (or the first market trading day during an open trading window under the Issuer's insider trading policy thereafter if the applicable vesting date is not on a market trading day during an open trading window).
- F3The restricted stock units released were settled in shares of common stock and were immediately cancelled upon settlement.
- F4The Restricted Stock Units vest and are exercisable in three annual installments on each May 6 of 2014, 2015, and 2016 (or the first market trading day during an open trading window under the Issuer's insider trading policy thereafter if the applicable vesting date is not on a market trading day during an open trading window).