SEC Form 4 · accession 0001209191-17-012078
AXCELIS TECHNOLOGIES INC · ACLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Bintz
Officer — EVP, Product Development
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 4:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001113232
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 15, 2017 | D | 2,727 | $0.00 | D | 44,476 | D | |
| Common StockF2,F3 | Feb 15, 2017 | F | 1,309 | $0.00 | D | 43,167 | D | |
| Common Stock | Feb 16, 2017 | M | 18,000 | $4.64 | A | 61,167 | D | |
| Common Stock | Feb 16, 2017 | S | 18,000 | $16.00 | D | 43,167 | D | |
| Common Stock | Feb 16, 2017 | M | 2,250 | $6.40 | A | 45,417 | D | |
| Common StockF4 | Feb 16, 2017 | S | 2,250 | $16.05 | D | 43,167 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy) | $4.64 | Feb 16, 2017 | M | 18,000 | A | Nov 16, 2013 | Nov 16, 2019 | Common Stock | 18,000 | 0 | D |
| Stock option (right to buy) | $6.40 | Feb 16, 2017 | M | 2,250 | A | Jul 15, 2014 | Jul 15, 2020 | Common Stock | 2,250 | 35,250 | D |
Explanation of responses
- F1These shares were issuable on restricted stock units which forfeited on February 15, 2017 as a result of the non-achievement of 2016 performance goals.
- F2These shares were withheld by the Company to cover the tax withholding obligations of the executive on the vesting of restricted stock units on February 15, 2017.
- F3On February 15, 2017, restricted stock units with performance vesting terms granted in May 2016 were determined to have vested as to 60% of the units. The remaining units forfeited. The shares issued to the executive on the vested units were reduced by shares having a value equal to the executive's tax withholding obligation. After these events, of the shares held by the executive as of February 15, 2017, 20,455 were issuable on vesting of other restricted stock units which remain subject to forfeiture.
- F4Of the shares held as of February 16, 2017, 20,455 were issuable on vesting of restricted stock units granted under the 2012 Equity Incentive Plan and are subject to forfeiture.