SEC Form 4 · accession 0001209191-19-013044
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 23, 2019
Accepted (ET)
Feb 25, 2019 · 5:04 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 23, 2019 | M | 2,423 | $0.00 | A | 40,468 | D | |
| Common Stock | Feb 23, 2019 | F | 3,067 | $29.59 | D | 37,401 | 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 UnitF1 | — | Feb 23, 2019 | M | 2,423 | D | — | Feb 23, 2021 | Common Stock | 2,423 | 4,847 | 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.