SEC Form 4 · accession 0001209191-17-008172
ADVANCED ENERGY INDUSTRIES INC · AEIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yuval Wasserman
Officer — President & CEO · Director
Period of report
Feb 2, 2017
Accepted (ET)
Feb 6, 2017 · 8:30 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 | 21,690 | $0.00 | A | 106,671 | D | |
| Common StockF2,F3 | Feb 6, 2017 | F | 6,462 | $61.19 | D | 100,209 | 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 | 0 | A | — | — | Commoon Stock | 43,380 | 43,380 | D |
Explanation of responses
- F1The employee restricted stock units granted 2/2/2017 under the Company's 2017 Long Term Incentive Plan (LTI Plan) will vest in three equal installments beginning on the first anniversary of the grant date.
- F2Payment of tax liability by withholding securities incident to vesting of restricted stock units.
- F3Represents 79,639 shares of Restricted Stock Units and 20,570 Performance Shares. As of the transaction date, the restricted stock units have vested as to 32,365 shares.
- F4These performance share awards were issued under the 2016 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 been vested and released at the end of the 3 year period will be cancelled.