SEC Form 4 · accession 0001127602-17-003119
TERADYNE, INC · TER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Stephen Smith
Officer — President, Semiconductor Test
Period of report
Jan 27, 2017
Accepted (ET)
Jan 31, 2017 · 4:22 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 30, 2017 | M | 2,444 | $28.80 | A | 5,249 | D | |
| Common Stock | Jan 30, 2017 | F | 841 | $28.80 | D | 4,408 | D | |
| Common Stock | Jan 30, 2017 | M | 2,763 | $28.80 | A | 7,171 | D | |
| Common Stock | Jan 30, 2017 | F | 886 | $28.80 | D | 6,285 | 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 UnitsF1,F2 | $0.00 | Jan 27, 2017 | A | 9,415 | A | — | — | Common Stock | 9,415 | 9,415 | D |
| Non-qualified Stock Option (Right to Buy)F3 | $28.56 | Jan 27, 2017 | A | 9,428 | A | Jan 27, 2018 | Jan 27, 2024 | Common Stock | 9,428 | 9,428 | D |
| Restricted Stock UnitsF1,F4 | $0.00 | Jan 30, 2017 | M | 2,444 | D | — | — | Common Stock | 2,444 | 7,335 | D |
| Restricted Stock UnitsF1,F5 | $0.00 | Jan 30, 2017 | M | 2,763 | D | — | — | Common Stock | 2,763 | 5,525 | D |
Explanation of responses
- F1Each Restricted Stock Unit (RSU) represents the right to receive one share of Teradyne, Inc. common stock.
- F2These 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.
- F3This 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.
- F4These time-based Restricted Stock Units (RSUs) were granted under Teradyne's 2006 Equity and Cash Compensation Incentive Plan on January 29, 2016 and will vest in four equal installments beginning on January 29, 2017.
- F5These time-based Restricted Stock Units (RSUs) were granted under Teradyne's 2006 Equity and Cash Compensation Incentive Plan on January 30, 2015 and vest in four equal installments beginning on January 30, 2016. The remaining portion will vest in three equal installments annually on the anniversary of the grant.