SEC Form 4 · accession 0001179110-16-020466
COHERENT INC · COHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin S. Palatnik
Officer — Chief Financial Officer
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 6:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000021510
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Feb 25, 2016 | A | 15,750 | A | — | Feb 22, 2019 | Common Stock | 15,750 | 15,750 | D |
| Performance Restricted Stock UnitsF2 | $0.00 | Feb 25, 2016 | A | 7,870 | A | — | Nov 13, 2018 | Common Stock | 7,870 | 23,620 | D |
Explanation of responses
- F1This Restricted Stock Unit award vests with one third of the grant vesting annually on February 22, 2017, February 22, 2018, February 22, 2019.
- 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, 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.