SEC Form 4 · accession 0000909791-17-000004
ULTRATECH INC · UTEK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur W Zafiropoulo
Officer — Chairman of the Board and CEO · Director
Period of report
Jan 31, 2017
Accepted (ET)
Feb 3, 2017 · 3:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000909791
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 31, 2017 | D | 4,227 | $25.92 | D | 792,160 | D | |
| Common StockF3,F2 | Jan 31, 2017 | D | 4,227 | $25.92 | D | 787,933 | D | |
| Common StockF4,F2 | Jan 31, 2017 | D | 1,056 | $25.92 | D | 786,877 | D | |
| Common StockF5,F2 | Jan 31, 2017 | D | 1,056 | $25.92 | D | 785,821 | D | |
| Common StockF6,F2 | Jan 31, 2017 | D | 1,056 | $25.92 | D | 784,765 | D | |
| Common StockF7,F2 | Jan 31, 2017 | D | 1,056 | $25.92 | D | 783,709 | D | |
| Common StockF8 | Jan 31, 2017 | A | 90,000 | $0.00 | A | 873,709 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of the Issuer's common stock withheld in satisfaction of the applicable withholding taxes from the 12,000 shares of the Issuer's common stock that became issuable to the Reporting Person on January 31, 2017, pursuant to a restricted stock unit award granted July 22, 2013.
- F2Includes (i) 2,000 shares, (ii) 13,000 shares and (iii) 90,000, each subject to RSUs granted in 2013, 2014, and 2017 respectively. The RSUs granted in 2013 and 2014 vest in equal increments upon completion of each month of service over 50 months from the grant date. The underlying shares will be issued on January 31 following the year they vest (or in March 2017 or 2018, respectively, for the 2 monthly installments that vest in the final year). The RSUs granted in 2017 will vest and become payable 50 months after the date of grant. In each case, vesting and payment is subject to acceleration in certain circumstances.
- F3Represents shares of the Issuer's common stock withheld in satisfaction of the applicable withholding taxes from the 12,000 shares of the Issuer's common stock that became issuable to the Reporting Person on January 31, 2017, pursuant to a restricted stock unit award granted October 21, 2013.
- F4Represents shares of the Issuer's common stock withheld in satisfaction of the applicable withholding taxes from the 3,000 shares of the Issuer's common stock that became issuable to the Reporting Person on January 31, 2017, pursuant to a restricted stock unit award granted February 3, 2014.
- F5Represents shares of the Issuer's common stock withheld in satisfaction of the applicable withholding taxes from the 3,000 shares of the Issuer's common stock that became issuable to the Reporting Person on January 31, 2017, pursuant to a restricted stock unit award granted April 28, 2014.
- F6Represents shares of the Issuer's common stock withheld in satisfaction of the applicable withholding taxes from the 3,000 shares of the Issuer's common stock that became issuable to the Reporting Person on January 31, 2017, pursuant to a restricted stock unit award granted July 21, 2014.
- F7Represents shares of the Issuer's common stock withheld in satisfaction of the applicable withholding taxes from the 3,000 shares of the Issuer's common stock that became issuable to the Reporting Person on January 31, 2017, pursuant to a restricted stock unit award granted October 27, 2014.
- F8Represents restricted stock units (RSUs) awarded under the Issuer's 1993 Stock Option/Stock Issuance Plan. Each RSU will entitle the Reporting Person to one share of the Issuer's common stock upon the designated issuance date following the vesting of that RSU. The RSUs are scheduled to vest and become payable 50 months after the date of the grant, subject to the Reporting Person's continued service. The RSUs will vest in full on an accelerated basis, and the underlying shares of the Issuer's common stock will become immediately issuable, upon the Reporting Person's termination of service with the Issuer under certain circumstances. Certain portions of the award may also vest and become payable earlier than scheduled in connection with certain changes in the control of the issuer.