SEC Form 4 · accession 0001179110-15-015021
COHERENT INC · COHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bret DiMarco
Officer — Exec VP & General Counsel
Period of report
Nov 13, 2015
Accepted (ET)
Nov 17, 2015 · 5:24 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 | 2,220 | $0.00 | A | 15,289 | D | |
| Common StockF1 | Nov 13, 2015 | F | 835 | $61.06 | D | 14,454 | 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 | 2,220 | D | — | Nov 13, 2015 | Common Stock | 2,220 | 12,468 | D |
| Restricted Stock UnitsF4 | $0.00 | Nov 13, 2015 | A | 7,500 | A | — | Nov 13, 2018 | Common Stock | 7,500 | 19,968 | D |
| Performance Restricted Stock UnitsF5 | $0.00 | Nov 13, 2015 | A | 3,750 | A | — | Nov 13, 2018 | Common Stock | 3,750 | 23,718 | 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.
- F32220 shares received out of a possible 3700 target share payout. Derivatives beneficially owned total reduced by the 1480 shares not earned.
- F4This Restricted Stock Unit award vests over three years with one third of the grant vesting on each of the subsequent anniversaries of the grant.
- F5This 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, 2018 versus the same 90 trading day period ending November 13, 2015. 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.