SEC Form 4 · accession 0001209191-16-110506
COHU INC · COHU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Luis A Muller
Officer — President & CEO
Period of report
Mar 22, 2016
Accepted (ET)
Mar 24, 2016 · 9:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000021535
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | Mar 22, 2016 | A | 51,312 | $0.00 | A | 51,312 | D | |
| Performance Stock UnitsF3 | Mar 22, 2016 | A | 41,050 | $0.00 | A | 41,050 | D | |
| Common StockF1 | holding | — | — | — | 228,382 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Number of shares includes 155,396 Restricted Stock Units (RSU) (excluding the impact of shares that will be withheld to cover tax obligations) previously reported that in the future will be converted on a one-for-one basis into shares of Cohu, Inc. Common Stock, immediately upon vesting which vesting is scheduled to occur in annual installments.(assuming continued employment and achievement of specified performance goals).
- F2Each restricted stock unit (RSU) represents a contingent right to receive one share of Cohu, Inc. Common Stock upon vesting. Of these RSUs, 41,050 vest in four equal annual installments beginning March 22, 2017, and 10,262 that vest in full on March 22, 2018 (assuming continued employment).
- F3Represents performance units (restricted stock units) that will be converted on a one-for-one basis into shares of Cohu, Inc. common stock upon vesting. These performance units will vest only after the achievement of specified performance goals (total shareholder return). Provided such goals are achieved, vesting is scheduled to occur in full on the third anniversary of the date of grant (March 22, 2019). (Subject to continued employment through vest date). The number of shares shown is the target award level. The actual number of shares that may vest ranges from 25% to 200% of the target amount, depending on achievement of specified performance goals.