SEC Form 4 · accession 0001209191-18-026912
ONTO INNOVATION INC. · ONTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pierre-Yves Lesaicherre
Officer — President and CEO · Director
Period of report
Apr 26, 2018
Accepted (ET)
Apr 30, 2018 · 6:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000704532
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 26, 2018 | A | 25,662 | $0.00 | A | 85,142 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF2 | — | Apr 26, 2018 | A | 38,493 | A | — | Feb 23, 2021 | Common Stock | 38,493 | 38,493 | D |
Explanation of responses
- F1Shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of NANO common stock. The restricted stock units vest on an annual basis, in equal 1/3rd increments, on February 23 in 2019, 2020 and 2021.
- F2Shares are represented by performance stock units. Each performance stock unit represents a contingent right to receive one share of NANO common stock. The performance stock units vest in equal target increments, on February 23 in 2019, 2020 and 2021, provided that certain price performance targets are met.