SEC Form 4 · accession 0001127602-16-039212
TERADYNE, INC · TER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory R Beecher
Officer — VP and CFO
Period of report
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 7:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000097210
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 1, 2016 | M | 7,735 | $19.47 | A | 137,338 | D | |
| Common Stock | Feb 1, 2016 | F | 3,416 | $19.47 | D | 133,922 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | Jan 29, 2016 | A | 29,645 | A | — | — | Common Stock | 29,645 | 29,645 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $19.43 | Jan 29, 2016 | A | 27,170 | A | Jan 29, 2017 | Jan 29, 2023 | Common Stock | 27,170 | 27,170 | D |
| Restricted Stock UnitsF5 | $0.00 | Feb 1, 2016 | M | 7,735 | D | — | — | Common Stock | 7,735 | 23,205 | D |
Explanation of responses
- F1Shares/units withheld but not issued to satisfy certain tax withholding obligations.
- F2Each Restricted Stock Unit (RSU) represents the right to receive one share of Teradyne, Inc. common stock.
- F3These RSU's were issued under Teradyne's 2006 Equity and Cash Compensation Incentive Plan, are time-based, and will vest in four equal installments beginning on January 29, 2017.
- F4This option is granted under Teradyne's 2006 Equity and Cash Compensation Incentive Plan, and is exercisable at the rate of 25% per year, commencing on the date of the first anniversary of the grant, January 29, 2017.
- F5Indicates conversion upon vesting of 25% of the time-based Restricted Stock Units (RSU's) granted on January 30, 2015. The remaining portion will vest in three equal installments annually on the anniversary of the grant.