SEC Form 4 · accession 0001628280-15-009429
FEI CO · FEIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley J Thies
Officer — Sr. VP-General Counsel
Period of report
Dec 11, 2015
Accepted (ET)
Dec 15, 2015 · 5:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000914329
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 RSUsF1,F2,F3 | $0.00 | Dec 11, 2015 | A | 10,096 | A | Feb 6, 2019 | — | Common Stock | 10,096 | 10,096 | D |
Explanation of responses
- F1Each RSU represents the right to receive, following vesting, one share of the Company's common stock. These RSUs are performance-based RSUs, for which the number of RSUs that will vest is determined by the Company achieving targeted average annual revenue growth during the period from January 1, 2016 through December 31, 2018. In addition, vesting is subject to minimum thresholds for average operating income and average annual revenue growth. A portion of the RSUs will vest if the Company achieves the thresholds and vesting will increase with performance up to a cap of 10,096 RSUs. Performance will be assessed and vesting determined after the Company finalizes financial results for 2018, which is expected to be on or about February 6, 2019. RSUs that do not vest in accordance with the foregoing will be forfeited.
- F2This date represents the expected vesting date of these RSUs if the performance target is met.
- F3These RSUs do not expire. Unless forfeited under the terms of the RSUs, these RSUs will vest as previously described.