SEC Form 4 · accession 0001209191-17-058974
COHU INC · COHU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A Donahue
Director
Period of report
Nov 1, 2017
Accepted (ET)
Nov 2, 2017 · 6:35 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 StockF1 | Nov 1, 2017 | M | 36,750 | $13.77 | A | 443,472 | D | |
| Common StockF1,F2,F3 | Nov 1, 2017 | S | 36,750 | $24.76 | D | 406,722 | 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)F4 | $13.77 | Nov 1, 2017 | M | 36,750 | A | Oct 26, 2011 | Oct 26, 2020 | Common Stock | 0 | 0 | D |
Explanation of responses
- F1This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 25, 2017 (the "Plan"). The plan was completed on November 1, 2017.
- F2The shares with respect to this transaction were sold in multiple trades at prices ranging from $24.29 to $25.91; 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.
- F3Number of shares includes 39,711 Restricted Stock Units (RSU) and 71,064 Deferred Stock Units (DSUs) 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 service to the Board and achievement of specified performance goals).
- F4The option vested in four equal installments beginning on October 26, 2011.