SEC Form 4 · accession 0001209191-19-014948
AXCELIS TECHNOLOGIES INC · ACLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell Low
Officer — EVP, Engineering
Period of report
Feb 28, 2019
Accepted (ET)
Mar 1, 2019 · 4:11 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 StockF2,F3 | Feb 28, 2019 | F | 1,100 | $0.00 | D | 35,417 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 5, 2019, the Axcelis Technologies, Inc. Compensation Committee determined that restricted stock units with performance vesting terms granted in May 2018 had been earned as to 100% of the units. In accordance with the terms of these grants, on February 28, 2019, 50% of the earned shares vested. As agreed with the executive, the shares issued to the executive on the vested shares were reduced by a number of shares having a value equal to the executive's tax withholding obligation with respect to the vested shares.
- 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 28, 2019.
- F3Of the shares beneficially owned by the executive on February 28, 2019, 25,172 shares were issuable on vesting of restricted stock units which are subject to forfeiture.