SEC Form 4 · accession 0001214659-16-014154
EMCORE CORP · EMKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jikun Kim
Officer — Chief Financial Officer
Period of report
Oct 18, 2016
Accepted (ET)
Oct 20, 2016 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000808326
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-Based Restricted Stock Units (PSUs)F1,F3,F2 | — | Oct 18, 2016 | A | 195,180 | A | — | — | Emcore Common Stock | 195,180 | 195,180 | D |
Explanation of responses
- F1Each PSU represents a contingent right to receive one share of EMCORE common stock, based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of the Russell Microcap Index, that were set by the Compensation Committee of the Board of Directors. The aggregate number of shares issued may range from zero (0) to 200% of the target number of shares reported in columns 7 and 9 of this report.
- F2Between zero (0) and 200% of one third of the PSUs will vest, if at all, on each of October 17, 2017, October 17, 2018 and October 17, 2019.
- F3The PSUs were awarded to the Reporting Person for no cash or other similar consideration.