SEC Form 4 · accession 0001628280-15-007073
KLA CORP · KLAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian M. Trafas
Officer — SVP, Global Customer Org.
Period of report
Sep 9, 2015
Accepted (ET)
Sep 11, 2015 · 6:07 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 | Sep 9, 2015 | M | 3,250 | $0.00 | A | 3,250 | D | |
| Common StockF2 | Sep 9, 2015 | F | 1,696 | $49.35 | D | 1,554 | D | |
| Common StockF3 | Sep 9, 2015 | M | 3,250 | $0.00 | A | 4,804 | D | |
| Common StockF4 | Sep 9, 2015 | F | 1,696 | $49.35 | D | 3,108 | D | |
| Common Stock - Restricted Stock UnitsF5,F6 | holding | — | — | — | 33,769 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 9, 2011, the Reporting Person received a grant of restricted stock units ("RSUs") covering 6,500 shares of KLA-Tencor common stock. On September 9, 2015, the Reporting Person vested in fifty percent (50%) of such RSUs.
- F2Pursuant to the terms of the September 9, 2011 RSU grant, 1,696 shares of KLA-Tencor common stock were automatically withheld on the vesting date 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 September 9, 2011, the Reporting Person received a grant of performance-based 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 years 2012 and 2013, 6,500 shares of KLA-Tencor common stock. On September 9, 2015, the Reporting Person vested in fifty percent (50%) of such performance-based RSUs.
- F4Pursuant to the terms of the September 9, 2011 performance-based RSU grant, 1,696 shares of KLA-Tencor common stock were automatically withheld on the vesting date 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.
- F5Each RSU represents a contingent right to receive one share of KLA-Tencor common stock.
- F6Does 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.