SEC Form 4 · accession 0001179110-16-031770
COHERENT INC · COHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Ambroseo
Officer — Pres. and CEO · Director
Period of report
Nov 15, 2016
Accepted (ET)
Nov 17, 2016 · 4:11 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 16, 2016 | G | 5,100 | $0.00 | D | 181,542 | I | Family Trust |
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 | Nov 15, 2016 | A | 17,668 | A | — | Nov 15, 2019 | Common Stock | 17,668 | 94,251 | D |
| Performance Restricted Stock UnitsF2 | $0.00 | Nov 15, 2016 | A | 32,141 | A | — | Nov 15, 2019 | Common Stock | 32,141 | 126,392 | D |
Explanation of responses
- F1This Restricted Stock Unit award vests over three years with one third of the grant vesting on each of the subsequent anniversaries of the grant.
- 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 15, 2019 versus the same 90 trading day period ending November 15, 2016. 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.