SEC Form 4 · accession 0001628280-16-020965
KLA CORP · KLAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Teri A. Little
Officer — SVP, GC and Secretary
Period of report
Nov 4, 2016
Accepted (ET)
Nov 7, 2016 · 7:31 pm EST
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 | Nov 4, 2016 | M | 2,500 | $0.00 | A | 9,994 | D | |
| Common StockF2 | Nov 4, 2016 | F | 940 | $74.52 | D | 9,054 | D | |
| Common Stock - Restricted Stock UnitF3,F4 | holding | — | — | — | 17,483 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 4, 2015, the Reporting Person received a grant of restricted stock units ("RSUs") covering 10,000 shares of KLA-Tencor common stock. On November 4, 2016, the Reporting Person vested in 25% of such RSUs.
- F2Pursuant to the terms of the November 4, 2015 RSU grant, 940 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 November 4, 2016.
- F3Each restricted stock unit ("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.