SEC Form 4 · accession 0001179110-17-013821
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 3, 2017
Accepted (ET)
Nov 7, 2017 · 6:40 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 3, 2017 | M | 4,533 | $0.00 | A | 103,380 | I | Family Trust |
| Common StockF1 | Nov 3, 2017 | F | 2,125 | $259.87 | D | 101,255 | I | Family Trust |
| Common Stock | Nov 3, 2017 | M | 26,800 | $0.00 | A | 128,055 | I | Family Trust |
| Common StockF2 | Nov 3, 2017 | A | 26,800 | $0.00 | A | 154,855 | I | Family Trust |
| Common StockF1,F3 | Nov 3, 2017 | F | 27,969 | $259.87 | D | 126,950 | I | Family Trust |
| Common StockF4,F5 | Nov 3, 2017 | A | 7,492 | $0.00 | A | 7,492 | 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 3, 2017 | M | 4,533 | A | Nov 3, 2017 | Nov 3, 2017 | Common Stock | 4,533 | 121,859 | D |
| Performance Restricted Stock UnitsF6 | $0.00 | Nov 3, 2017 | M | 26,800 | A | — | Nov 3, 2017 | Common Stock | 26,800 | 95,059 | D |
| Performance Restricted Stock UnitsF7 | $0.00 | Nov 3, 2017 | A | 18,791 | A | — | Nov 3, 2020 | Common Stock | 18,791 | 18,791 | D |
Explanation of responses
- F1Represents shares withheld to satisfy minimum tax withholding obligations for released restricted stock units.
- F2Additional shares acquired pursuant to the maximum achievement of the performance criteria beyond the target number, as described in footnote (6) on Table II
- F3Includes 64 shares acquired by the Reporting Person on October 31, 2017 pursuant to the Company's Employee Stock Purchase Plan.
- F4On November 3, 2017 the Reporting Person was granted 7,492 Restricted Stock Units which will vest in three equal installments on each of November 3, 2018, November 3, 2019 and November 3, 2020.
- F5Includes 7,492 shares Restricted Stock Units.
- F6This Performance Restricted Stock Unit award vested on 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 3, 2017 versus the same 90 trading day period ending November 3, 2014. 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.
- F7This Performance Restricted Stock Unit award vests after the three year anniversary of the grant based on the relative performance of the underlying stock versus the Russell 1000 Index for the 90 trading days on and prior to November 3, 2020 versus the same 90 trading day period ending November 3, 2017. 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.