SEC Form 4 · accession 0001209191-17-031684
COHU INC · COHU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey D Jones
Officer — VP Finance & CFO
Period of report
May 9, 2017
Accepted (ET)
May 11, 2017 · 8:36 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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 9, 2017 | M | 23,750 | $13.77 | A | 210,061 | D | |
| Common StockF1,F2 | May 9, 2017 | S | 23,750 | $19.01 | D | 173,081 | 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 | $13.77 | May 9, 2017 | M | 23,750 | D | Oct 26, 2011 | Oct 26, 2020 | Common Stock | 23,750 | 0 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold in multiple trades at prices ranging from $18.99 to $20.04; 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.
- F2Decreased number of shares reflects 13,230 performance shares previously reported that have been forfeited as specified performance goals were not fully achieved. Number of shares includes 93,931 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).
- F3The option vested in four equal installments beginning on October 26, 2011(assuming continued employment).