SEC Form 4 · accession 0001179110-17-013826
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 3, 2017
Accepted (ET)
Nov 7, 2017 · 6:51 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 | 2,139 | $0.00 | A | 9,540 | I | Family Trust |
| Common StockF2 | Nov 3, 2017 | F | 804 | $259.87 | D | 8,736 | I | Family Trust |
| Common Stock | Nov 3, 2017 | M | 3,209 | $0.00 | A | 11,945 | I | Family Trust |
| Common StockF3 | Nov 3, 2017 | A | 3,209 | $0.00 | A | 15,154 | I | Family Trust |
| Common StockF2,F4 | Nov 3, 2017 | F | 3,257 | $259.87 | D | 11,920 | I | Family Trust |
| Common StockF5,F6 | Nov 3, 2017 | A | 2,198 | $0.00 | A | 2,198 | D | |
| Common StockF1 | holding | — | — | — | 7,401 | 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 Units | $0.00 | Nov 3, 2017 | M | 2,139 | A | Nov 3, 2017 | Nov 3, 2017 | Common Stock | 2,139 | 21,386 | D |
| Performance Restricted Stock UnitsF7 | $0.00 | Nov 3, 2017 | M | 3,209 | A | — | Nov 3, 2017 | Common Stock | 3,209 | 18,177 | D |
| Performance Restricted Stock UnitsF8 | $0.00 | Nov 3, 2017 | A | 1,837 | A | — | Nov 3, 2020 | Common Stock | 1,837 | 1,837 | D |
Explanation of responses
- F1Holding reflects exempt transfer of Shares by Reporting Person from a Direct Holding to an Indirect Holding in the DiMarco Family Trust of which the Reporting Person is a Trustee.
- F2Represents shares withheld to satisfy minimum tax withholding obligations for released restricted stock units.
- F3Additional shares acquired pursuant to the maximum achievement of the performance criteria beyond the target number, as described in footnote (7) on Table II.
- F4Includes 23 shares acquired by the Reporting Person on October 31, 2017 pursuant to the Company's Employee Stock Purchase Plan.
- F5On November 3, 2017 the Reporting Person was granted 2,198 Restricted Stock Units which will vest in three equal installments on each of November 3, 2018, November 3, 2019 and November 3, 2020.
- F6Includes 2,198 shares Restricted Stock Units.
- F7This 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.
- F8This 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.