SEC Form 4 · accession 0000056978-18-000097
KULICKE & SOFFA INDUSTRIES INC · KLIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Fusen Ernie Chen
Officer — President and CEO · Director
Period of report
Sep 29, 2018
Accepted (ET)
Oct 2, 2018 · 12:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000056978
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 29, 2018 | M | 48,376 | $0.00 | A | 115,470 | D | |
| Common Stock | holding | — | — | — | 170,455 | I | Held by Chen Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1 | $0.00 | Sep 29, 2018 | M | 48,376 | D | — | — | Common Stock | 48,376 | 0 | D |
Explanation of responses
- F1Performance Share Units (PSUs) awarded October 31, 2016 had its performance results certified, and then shares vested, on September 29, 2018 at 183% achievement based on total shareholder return (TSR) relative to a peer group. The peer group consisted of the companies of the GICS 45301020 (Semiconductors) not including companies traded on the Pink Sheets LLC Exchange as of the beginning of Performance Period with relative TSR measured over a three year period. Each PSU is convertible into one share of Kulicke and Soffa Industries Inc. common stock.