SEC Form 4 · accession 0001576570-15-000002
ALTERA CORP · ALTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Waters
Officer — SVP & GM, Business Unit
Period of report
Jan 30, 2015
Accepted (ET)
Feb 3, 2015 · 1:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000768251
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 30, 2015 | M | 6,000 | $0.00 | A | 13,784 | D | |
| Common StockF1,F2 | Jan 30, 2015 | F | 2,420 | $32.925 | D | 11,364 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU)F3,F4,F5 | — | Jan 30, 2015 | M | 6,000 | D | — | — | Common Stock | 6,000 | 62,624 | D |
Explanation of responses
- F1Shares of common stock were withheld at vesting to cover required tax withholding. The fair market value of Altera common stock used for purposes of calculating the number of shares to be withheld was the closing price of Altera common stock as reported on the NASDAQ Stock Market on such vesting date.
- F2Includes shares acquired under the Altera Corporation 1987 Employee Stock Purchase Plan.
- F3Each Restricted Stock Unit ("RSU") represents a contingent right to receive at settlement one share of Altera common stock at no cost.
- F4Subject to the reporting person's continuing employment and the provisions in the Company's standard form of RSU award agreement, the shares will vest over a four-year period at a rate of 25% annually.
- F5The grant will expire 10 years from the date of grant.