SEC Form 4 · accession 0001179110-16-031393
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 8, 2016
Accepted (ET)
Nov 10, 2016 · 1:35 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 8, 2016 | M | 1,992 | $0.00 | A | 13,603 | D | |
| Common StockF1 | Nov 8, 2016 | F | 749 | $116.57 | D | 12,854 | D | |
| Common Stock | Nov 8, 2016 | M | 5,978 | $0.00 | A | 18,832 | D | |
| Common StockF1 | Nov 8, 2016 | F | 2,790 | $116.57 | D | 16,042 | D | |
| Common StockF3 | Nov 9, 2016 | S | 4,951 | $120.00 | A | 11,091 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units | $0.00 | Nov 8, 2016 | M | 1,992 | D | Nov 8, 2016 | Nov 8, 2016 | Common Stock | 1,992 | 19,587 | D |
| Performance Restricted Stock UnitsF2 | $0.00 | Nov 8, 2016 | M | 2,989 | D | — | Nov 8, 2016 | Common Stock | 5,978 | 16,598 | 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 8, 2016 versus the same 90 trading day period ending November 8, 2013. 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.
- F3Sold Pursuant to a Rule 10b5-1 sales plan adopted on May 9, 2016.