SEC Form 4 · accession 0001179110-18-012892
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 13, 2018
Accepted (ET)
Nov 15, 2018 · 5:09 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 StockF1 | Nov 13, 2018 | M | 5,500 | $0.00 | A | 132,917 | I | Family Trust |
| Common StockF2 | Nov 13, 2018 | F | 2,727 | $123.26 | D | 130,190 | I | Family Trust |
| Common StockF1 | Nov 13, 2018 | M | 34,250 | $0.00 | A | 164,440 | I | Family Trust |
| Common StockF1,F3 | Nov 13, 2018 | A | 34,250 | $0.00 | A | 198,690 | I | Family Trust |
| Common StockF2 | Nov 13, 2018 | F | 33,963 | $123.26 | D | 164,727 | I | Family Trust |
| Common Stock | Nov 13, 2018 | G | 7,400 | $0.00 | D | 157,327 | I | Family Trust |
| Common StockF4,F5 | Nov 13, 2018 | A | 11,472 | $0.00 | A | 16,466 | 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 13, 2018 | M | 5,500 | D | Nov 13, 2018 | Nov 13, 2018 | Common Stock | 5,500 | 78,169 | D |
| Performance Restricted Stock UnitsF6 | $0.00 | Nov 13, 2018 | M | 34,250 | D | — | Nov 13, 2018 | Common Stock | 34,250 | 43,919 | D |
| Performance Restricted Stock UnitsF7 | $0.00 | Nov 13, 2018 | A | 22,499 | A | — | Nov 13, 2021 | Common Stock | 22,499 | 22,499 | D |
Explanation of responses
- F1Released shares issued to family trust.
- 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 (5) on Table II.
- F4On November 13, 2018 the Reporting Person was granted 11,472 Restricted Stock Units which will vest in three equal installments on each of November 13, 2019, November 13, 2020 and November 13, 2021.
- F5Includes 16,466 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 13, 2018 versus the same 90 trading day period ending November 13, 2015. The number of shares in the table reflects the target number of achieved RSUs. The actual range of RSUs was 0-200% of the target number, depending upon the achievement 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 13, 2021 versus the same 90 trading day period ending November 13, 2018. 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.