SEC Form 4 · accession 0001127602-17-003103
TERADYNE, INC · TER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad Robbins
Officer — President of LitePoint Corp.
Period of report
Jan 27, 2017
Accepted (ET)
Jan 31, 2017 · 4:05 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 | Jan 27, 2017 | S | 1,700 | $28.1725 | D | 53,403 | D | |
| Common Stock | Jan 30, 2017 | M | 2,573 | $28.80 | A | 55,976 | D | |
| Common Stock | Jan 30, 2017 | F | 967 | $28.80 | D | 55,009 | D | |
| Common Stock | Jan 30, 2017 | M | 2,625 | $28.80 | A | 57,634 | D | |
| Common Stock | Jan 30, 2017 | F | 987 | $28.80 | D | 56,647 | 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 27, 2017 | A | 7,003 | A | — | — | Common Stock | 7,003 | 7,003 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $28.56 | Jan 27, 2017 | A | 7,013 | A | Jan 27, 2018 | Jan 27, 2024 | Common Stock | 7,013 | 7,013 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 30, 2017 | M | 2,573 | D | — | — | Common Stock | 2,573 | 7,721 | D |
| Restricted Stock UnitsF6 | $0.00 | Jan 30, 2017 | M | 2,625 | D | — | — | Common Stock | 2,625 | 5,249 | 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 Inventive Plan, are time-based, and will vest in four equal installments beginning on January 27, 2018.
- 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 27, 2018.
- F5Indicates conversion upon vesting of 25% of the time-based RSU's granted on January 29, 2016. The remaining portion will vest in three equal installments annually on the anniversary of the grant.
- F6Indicates conversion upon vesting of 25% of the time-based RSU's granted on January 30, 2015. The remaining portion will vest in two equal installments annually on the anniversary of the grant.