SEC Form 4 · accession 0001209191-17-015498
COHU INC · COHU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hock Woo Chiang
Officer — VP Global Sales & Service
Period of report
Feb 24, 2017
Accepted (ET)
Feb 28, 2017 · 7:22 pm EST
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 |
|---|---|---|---|---|---|---|---|---|
| Stock Option | Feb 24, 2017 | M | 6,000 | $9.28 | A | 84,975 | D | |
| Stock OptionF1,F2 | Feb 24, 2017 | S | 6,000 | $16.53 | D | 78,975 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $9.28 | Feb 24, 2017 | M | 6,000 | D | Oct 23, 2013 | Oct 23, 2022 | Common Stock | 6,000 | 0 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold in multiple trades at prices ranging from $16.10 to $16.79; The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2Number of shares includes 47,982 Restricted Stock Units (RSU) 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).
- F3The option vests in four equal installments beginning on October 23, 2013 (assuming continued employment).