SEC Form 4 · accession 0001209191-18-013618
COHU INC · COHU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert L Ciardella
Director
Period of report
Feb 23, 2018
Accepted (ET)
Feb 26, 2018 · 6:56 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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 23, 2018 | M | 5,000 | $17.67 | A | 80,887 | D | |
| Common StockF1,F2 | Feb 23, 2018 | S | 5,000 | $19.53 | D | 75,887 | 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 | $17.67 | Feb 23, 2018 | M | 5,000 | D | May 13, 2009 | May 13, 2018 | Employee Stock Option (Right to Buy) | 5,000 | 0 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold in multiple trades at prices ranging from $19.50 to $19.58; 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.
- F2Includes 5,252 Restricted Stock Units (RSUs) and 22,635 Deferred Stock Units (DSUs). Each RSU represents a contingent right to receive one share of Cohu, Inc. Common Stock upon vesting (assuming continued service to the Board). Each DSU is equal to one share of Cohu, Inc. Common Stock and will be settled through the issuance of common stock (i) upon the reporting person's termination of service as a director or (ii) at certain specified dates.
- F3The options vested fully on May 13, 2009.