SEC Form 4 · accession 0001209191-19-009502
ONTO INNOVATION INC. · ONTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rollin Kocher
Officer — SVP, Sales and Marketing
Period of report
Feb 8, 2019
Accepted (ET)
Feb 12, 2019 · 7:12 pm EST
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 Stock | Feb 8, 2019 | M | 812 | $0.00 | A | 39,880 | D | |
| Common Stock | Feb 8, 2019 | F | 1,835 | $29.06 | D | 38,045 | 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 UnitF2,F1 | — | Feb 8, 2019 | M | 812 | D | — | Feb 8, 2020 | Common Stock | 812 | 1,950 | D |
Explanation of responses
- F1Shares 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 on an annual basis, in equal 1/3rd target increments, over a three-year period, provided that certain price performance targets are met. 2/3rds will vest for each increment if target price performance is met for that increment and 100% will vest if maximum price performance is met for that increment.
- F2Total reflects 1,138 shares forfeited due to performance measures having not been met.