SEC Form 4 · accession 0001628280-15-006255
KLA CORP · KLAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard P Wallace
Officer — President and CEO · Director
Period of report
Aug 4, 2015
Accepted (ET)
Aug 6, 2015 · 5:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000319201
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 4, 2015 | M | 27,050 | $0.00 | A | 34,754 | D | |
| Common StockF2 | Aug 4, 2015 | F | 13,605 | $51.85 | D | 21,149 | D | |
| Common StockF3 | Aug 4, 2015 | M | 27,050 | $0.00 | A | 48,199 | D | |
| Common StockF4 | Aug 4, 2015 | F | 14,115 | $51.85 | D | 34,084 | D | |
| Common StockF5 | holding | — | — | — | 9,182 | I | By Trust | |
| Common Stock - Restricted Stock UnitsF6,F7 | holding | — | — | — | 89,150 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 4, 2011, the Reporting Person received a grant of performance-based restricted stock units ("RSUs") that, following the completion of fiscal year 2013, was determined by the Compensation Committee of KLA-Tencor's Board of Directors (in August 2013) to cover, based on KLA-Tencor's financial performance during fiscal year 2013, 54,100 shares of KLA-Tencor common stock. On August 4, 2015, the Reporting Person vested in fifty percent (50%) of the performance-based RSUs.
- F2Pursuant to the terms of the August 4, 2011 performance-based RSU grant, 13,605 shares of KLA-Tencor common stock were automatically withheld at vesting to cover required tax withholding. The fair market value of KLA-Tencor common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA-Tencor common stock as reported on the NASDAQ Stock Market on such vesting date.
- F3On August 4, 2011, the Reporting Person received a grant of RSUs covering 54,100 shares of KLA-Tencor common stock. On August 4, 2015, the Reporting Person vested in fifty percent (50%) of such RSUs.
- F4Pursuant to such terms of the August 4, 2011 RSU grant, 14,115 shares of KLA-Tencor common stock were automatically withheld at vesting to cover required tax withholding. The fair market value of KLA-Tencor common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA-Tencor common stock as reported on the NASDAQ Stock Market on such vesting date.
- F5Shares held under the Wallace Living Trust u/a/d 03/27/01, as amended, a trust of which the Reporting Person is a trustee and beneficiary.
- F6Each RSU represents a contingent right to receive one share of KLA-Tencor common stock.
- F7Does not include performance-based RSUs, if any, held by the Reporting Person for which an assessment has not yet been made regarding the achievement of the applicable performance goals. Any such holdings will be reported on a Form 4 within two business days of the date such assessment is made.