SEC Form 4 · accession 0001213184-15-000054
NEWPORT CORP · NEWP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Phillippy
Officer — President & CEO · Director
Period of report
May 19, 2015
Accepted (ET)
May 21, 2015 · 9:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000225263
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 19, 2015 | A | 44,880 | $0.00 | A | 293,247 | D | |
| Common StockF2 | holding | — | — | — | 51,714 | I | Held in family trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right (Stock-Settled)F3 | $19.11 | May 19, 2015 | A | 44,880 | A | — | May 19, 2022 | Common Stock | 44,880 | 44,880 | D |
Explanation of responses
- F1Consists of restricted stock units representing the right to receive upon vesting a total of 44,880 shares of the issuer's common stock. Such restricted stock units vest in equal one-third installments on March 31, 2016, March 31, 2017 and March 31, 2018, subject to the achievement by the issuer of a specified financial performance goal for 2015.
- F2Shares are held by reporting person and his spouse as trustees of a family trust.
- F3Stock appreciation right vests in equal one-third installments on March 31, 2016, March 31, 2017 and March 31, 2018.