SEC Form 4 · accession 0001179110-15-015018
COHERENT INC · COHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Helene Simonet
Officer — Exec VP and CFO
Period of report
Nov 13, 2015
Accepted (ET)
Nov 17, 2015 · 5:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000021510
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 13, 2015 | M | 3,300 | $0.00 | A | 26,645 | D | |
| Common StockF1 | Nov 13, 2015 | F | 1,241 | $61.06 | D | 25,404 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitsF3,F2 | $0.00 | Nov 13, 2015 | M | 3,300 | D | — | Nov 13, 2015 | Common Stock | 3,300 | 15,216 | D |
Explanation of responses
- F1Represents shares withheld to satisfy minimum tax withholding obligations for released restricted stock units.
- F2This Restricted Stock Performance Unit award vests after the three year anniversary of the grant based on the relative performance of the underlying stock versus the Russell 2000 Index for the 90 trading days on and prior to November 13, 2015 versus the same 90 trading day period ending November 13, 2012. The number of shares in the table reflects the number of RSUs at target. The actual range of RSUs is 0-200% of the target number, depending upon what achievement, if any, results at the measurement date.
- F33300 shares received out of a possible 5500 target share payout. Derivatives beneficially owned total reduced by the 2200 shares not earned.