SEC Form 4 · accession 0001209191-17-008167
ADVANCED ENERGY INDUSTRIES INC · AEIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Liguori
Officer — EVP, CFO
Period of report
Feb 2, 2017
Accepted (ET)
Feb 6, 2017 · 8:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000927003
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 2, 2017 | A | 7,157 | $0.00 | A | 72,231 | D | |
| Common StockF2,F3 | Feb 6, 2017 | F | 1,761 | $61.19 | D | 70,470 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF4 | $0.00 | Feb 2, 2017 | A | 14,315 | A | — | — | Common Stock | 14,315 | 14,315 | D |
Explanation of responses
- F1Employee Restricted Stock Units granted on 2/2/2017 under the Company's 2017 Long Term Incentive Plan (LTI Plan) will vest in three equal installments beginning on the firs anniversary date of the grant
- F2Payment of tax liability by withholding securities incident to vesting of restricted stock.
- F3Represents 70,470 shares granted as Restricted Stock Units. As of the transaction date, the restricted stock units have vested as to 31,903 shares and Mr. Liguori holds 20,690 shares in street name.
- F4These performance share awards were issued under the 2017 LTI Plan at 200% of target and have a 3-year vest period and will vest in all or in part upon achievement of performance metrics. Any awards that have not vested earned and released at the end of the 3 year period will be cancelled.