SEC Form 4 · accession 0001179110-18-012896
COHERENT INC · COHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin S. Palatnik
Officer — Chief Financial Officer
Period of report
Nov 13, 2018
Accepted (ET)
Nov 15, 2018 · 5:10 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 13, 2018 | M | 7,870 | $0.00 | A | 18,896 | D | |
| Common StockF2 | Nov 13, 2018 | A | 7,870 | $0.00 | A | 26,766 | D | |
| Common StockF1 | Nov 13, 2018 | F | 7,804 | $123.26 | D | 18,962 | D | |
| Common StockF3,F4 | Nov 13, 2018 | A | 5,271 | $0.00 | A | 24,233 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitsF5 | $0.00 | Nov 13, 2018 | M | 7,870 | D | — | Nov 13, 2018 | Common Stock | 7,870 | 13,755 | D |
| Performance Restricted Stock UnitsF6 | $0.00 | Nov 13, 2018 | A | 5,092 | A | — | Nov 13, 2021 | Comon Stock | 5,092 | 5,092 | 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 (5) on Table II.
- F3On November 13, 2018 the Reporting Person was granted 5,271 Restricted Stock Units which will vest in three equal installments on each of November 13, 2019, November 13, 2020 and November 13, 2021.
- F4Includes 7,269 Restricted Stock Units.
- F5This 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.
- F6This 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.