SEC Form 4 · accession 0001191458-17-000009
COHERENT CORP. · COHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Francis J Kramer
Director
Period of report
Oct 31, 2017
Accepted (ET)
Nov 1, 2017 · 5:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000820318
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 31, 2017 | M | 16,850 | $23.495 | A | 286,259 | D | |
| Common Stock | Oct 31, 2017 | M | 8,150 | $12.075 | A | 294,409 | D | |
| Common StockF2 | Oct 31, 2017 | S | 25,000 | $45.0991 | D | 269,409 | D | |
| Common StockF3 | holding | — | — | — | 285,401 | I | By Spousal Limited Access Trust | |
| Common StockF3 | holding | — | — | — | 89,657 | I | By GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F4,F5 | $23.495 | Oct 31, 2017 | M | 16,850 | D | — | Aug 16, 2018 | Common Stock | 16,850 | 0 | D |
| Option (Right to Buy)F6,F7 | $12.075 | Oct 31, 2017 | M | 8,150 | D | — | Aug 15, 2019 | Common Stock | 8,150 | 60,050 | D |
Explanation of responses
- F1The sale transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 13, 2017.
- F2Represents the weighted average of multiple sales transactions ranging in price from $45.00 to $45.55. The reporting person agrees to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or a security holder of the Company.
- F3The reporting person disclaims beneficial ownership of these securities, other than to the extent of the reporting person's pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F4The grant of these options previously was reported as covering 20,925 shares at an exercise price of $46.99 per share. These options were adjusted to reflect a 2-for-1 stock split that occurred on June 27, 2011.
- F5These options vested in five equal annual installments beginning on August 16, 2009.
- F6The grant of these options previously was reported as covering 34,100 shares at an exercise price of $24.15 per share. These options were adjusted to reflect a 2-for-1 stock split that occurred on June 27, 2011.
- F7These options vested on August 15, 2012.