SEC Form 4 · accession 0001628280-16-019447
KLA CORP · KLAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ahmad A. Khan
Officer — EVP, Patterning Division
Period of report
Sep 4, 2016
Accepted (ET)
Sep 7, 2016 · 8:36 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 4, 2016 | M | 1,778 | $0.00 | A | 23,063 | D | |
| Common StockF2 | Sep 4, 2016 | F | 928 | $70.20 | D | 22,135 | D | |
| Common Stock - Restricted Stock UnitsF3,F4 | holding | — | — | — | 50,950 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 4, 2013, the Reporting Person received a grant of restricted stock units ("RSUs") covering 7,112 shares of KLA-Tencor common stock. On September 4, 2016, the Reporting Person vested in 25% of such RSUs.
- F2Pursuant to the terms of the September 4, 2013 RSU grant, 928 shares of KLA-Tencor common stock were automatically withheld at vesting to cover required tax withholding. Because the vesting date of such RSUs occurred on a day on which the NASDAQ Stock Market was closed for trading, 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 September 2, 2016.
- F3Each RSU represents a contingent right to receive one share of KLA-Tencor common stock.
- F4Does 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.