SEC Form 4 · accession 0001628280-17-001023
KLA CORP · KLAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bobby R Bell
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 | 19,029 | D | |
| Common StockF2 | Feb 6, 2017 | F | 2,400 | $87.00 | D | 16,629 | 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. Any such holdings will be reported on a Form 4 within two business days of the date such assessment is made.