SEC Form 4 · accession 0001628280-17-001021
KLA CORP · KLAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Kirk
Officer — Executive Vice President
Period of report
Feb 6, 2017
Accepted (ET)
Feb 8, 2017 · 6:20 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 | Feb 6, 2017 | M | 6,250 | $0.00 | A | 6,695 | D | |
| Common StockF2 | Feb 6, 2017 | F | 2,400 | $87.00 | D | 4,295 | D | |
| Common Stock - Restricted Stock UnitsF3 | holding | — | — | — | 86,606 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 6, 2013, the Reporting Person received a grant of RSUs covering 25,000 shares of KLA-Tencor common stock. On February 6, 2017, the Reporting Person vested in twenty-five percent (25%) of such RSUs.
- F2Pursuant to such terms of the February 6, 2013 RSU grant, 2,400 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 vesting date.
- F3Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA-Tencor common stock. Does 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.