SEC Form 4 · accession 0001628280-18-010544
KLA CORP · KLAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Virendra A Kirloskar
Officer — SVP & Chief Accounting Officer
Period of report
Aug 2, 2018
Accepted (ET)
Aug 6, 2018 · 4:29 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 Stock - Restricted Stock UnitsF1,F2,F3 | Aug 2, 2018 | A | 2,759 | $0.00 | A | 19,447 | D | |
| Common Stock - Restricted Stock UnitsF1,F4,F3 | Aug 2, 2018 | A | 5,456 | $0.00 | A | 24,903 | D | |
| Common Stock | holding | — | — | — | 297 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each RSU represents a contingent right to receive one share of KLA-Tencor common stock.
- F2On August 2, 2018, the Compensation Committee granted the reporting person an RSU that vests 25% each year from the date of grant, subject to the reporting person being a service provider on each vestingdate.
- F3Does 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.
- F4On August 6, 2015, in addition to the RSUs granted on that date that were subject only to service-vesting requirements (which RSUs were previously reported on Form 4), the Reporting Person was alsogranted RSUs covering up to a maximum of 5,500 shares (based on 125% of the target shares of 4,400) of KLA-Tencor common stock, subject to both performance-vesting and service-vesting requirements. On August 2, 2018 the Compensation Committee of the KLA-Tencor Board of Directors determined the level at which the corporate performance goals were attained and, based on the assessment, determined that the number of shares subject to the RSUs is 5,456.