SEC Form 4 · accession 0001628280-18-010546
KLA CORP · KLAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard P Wallace
Officer — President and CEO · Director
Period of report
Aug 2, 2018
Accepted (ET)
Aug 6, 2018 · 4:31 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 | Jul 2, 2018 | J | 235 | $87.151 | A | 43,677 | D | |
| Common Stock - Restricted Stock UnitsF2,F3,F4 | Aug 2, 2018 | A | 27,589 | $0.00 | A | 207,934 | D | |
| Common Stock - Restricted Stock UnitsF2,F5,F4 | Aug 2, 2018 | A | 65,658 | $0.00 | A | 273,592 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares acquired under the KLA-Tencor Corporation Amended and Restated 1997 Employee Stock Purchase Plan.
- F2Each RSU represents a contingent right to receive one share of KLA-Tencor common stock.
- F3On August 2, 2018, the independent members of the board of directors 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 vesting date.
- 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.
- F5On 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 also granted RSUs covering up to a maximum of 66,187 shares (based on 125% of the target shares of 52,950) of KLA-Tencor common stock, subject to both performance-vesting and service-vesting requirements. On August 2, 2018 the independent members 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 65,658.