SEC Form 4 · accession 0001209191-17-032200
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
May 11, 2017
Accepted (ET)
May 12, 2017 · 7:23 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 11, 2017 | M | 6,000 | $9.28 | A | 92,173 | D | |
| Common StockF1,F2 | May 11, 2017 | S | 6,000 | $18.88 | D | 79,488 | 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 | May 11, 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 $18.70 to $18.97; 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 6,685 performance shares previously reported that have been forfeited as specified performance goals were not fully achieved. Number of shares includes 36,371 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).