SEC Form 4 · accession 0001214659-17-007526
EMCORE CORP · EMKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Albert Lu
Officer — Sr. V.P. of Engineering
Period of report
Dec 28, 2017
Accepted (ET)
Dec 29, 2017 · 4:42 pm EST
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,F4,F2 | — | Dec 28, 2017 | A | 14,000 | A | — | — | Emcore Common Stock | 14,000 | 22,471 | D |
| Restricted Stock UnitsF7,F5,F6 | — | Dec 28, 2017 | A | 14,000 | A | — | — | Emcore Common Stock | 14,000 | 29,460 | 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 column 7 of this report.
- F2Between zero (0) and 200% of the PSUs will vest, if at all, on December 28, 2020.
- F3The PSUs were awarded to the Reporting Person for no cash or other similar consideration.
- F4Reflects a correction in the number of PSUs reported as beneficially owned by the Reporting Person in prior reports due to an inadvertent error that appeared in the prior reports.
- F5Each restricted stock unit represents a contingent right to receive one share of EMCORE common stock.
- F6Vests in four equal annual installments commencing on December 28, 2018.
- F7The restricted stock units were awarded to the Reporting Person for no cash or other similar consideration.