SEC Form 4 · accession 0001628280-16-018537
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 2, 2016
Accepted (ET)
Aug 4, 2016 · 5:33 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,F2 | Aug 2, 2016 | M | 29,437 | $0.00 | A | 88,178 | D | |
| Common StockF3 | Aug 2, 2016 | F | 13,433 | $75.72 | D | 74,745 | D | |
| Common StockF4 | Aug 2, 2016 | M | 11,775 | $0.00 | A | 86,520 | D | |
| Common StockF5 | Aug 2, 2016 | F | 6,145 | $75.72 | D | 80,375 | D | |
| Common StockF6 | holding | — | — | — | 9,182 | I | By Trust | |
| Common Stock - Restricted Stock UnitsF7,F8 | holding | — | — | — | 108,200 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 2, 2012, the Reporting Person received a grant of performance-based restricted stock units ("RSUs") that, following the completion of fiscal year 2014, was determined by the Compensation Committee of KLA-Tencor's Board of Directors (in August 2014) to cover, based on KLA-Tencor's financial performance during fiscal year 2014, 58,875 shares of KLA-Tencor common stock. On August 2, 2016, the Reporting person vested in fifty percent (50%) of the performance-based RSUs.
- F2Includes 363 shares acquired by the Reporting Person under the KLA-Tencor Employee Stock Purchase Plan on June 30, 2016.
- F3Pursuant to such terms of the August 2, 2012 performance-based RSU grant, 13,433 shares of KLA-Tencor common stock were automatically withheld at vesting to cover required tax withholding.
- F4On August 2, 2012, the Reporting Person received a grant of RSUs covering 47,100 shares of KLA-Tencor common stock. On August 2, 2016, the Reporting Person vested in twenty-five percent (25%) of such RSUs.
- F5Pursuant to the terms of the August 2, 2012 RSU grant described in note (4) above, 6,145 shares of KLA-Tencor common stock were automatically withheld at vesting to cover required tax withholding.
- F6Shares 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.
- F7Each RSU represents a contingent right to receive one share of KLA-Tencor common stock.
- F8Does 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.