SEC Form 4 · accession 0001209191-17-037342
COHU INC · COHU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas D Kampfer
Officer — VP Corp Dev, GC & Sec
Period of report
May 31, 2017
Accepted (ET)
Jun 2, 2017 · 4:51 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 UnitsF1 | May 31, 2017 | A | 9,274 | $0.00 | A | 9,274 | D | |
| Performance Stock UnitsF2 | May 31, 2017 | A | 9,274 | $0.00 | A | 9,274 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each restricted stock unit (RSU) represents a contingent right to receive one share of Cohu, Inc. Common Stock upon vesting. Of these RSUs, 9274 vest in four equal annual installments beginning May 31, 2018 (assuming continued employment).
- F2Represents performance shares (restricted stock units) that will be converted on a one-for-one basis into shares of Cohu, Inc. common stock upon vesting. These performance shares will vest only after the achievement of specified performance goals (total shareholder return). Provided such goals are achieved and subject to continued employment through vest date, vesting is scheduled to occur in full on the third anniversary of the date of grant (May 31, 2020). 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.