SEC Form 4 · accession 0001127602-18-002976
TERADYNE, INC · TER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Jeffrey Gray
Officer — VP,General Counsel & Secretary
Period of report
Jan 26, 2018
Accepted (ET)
Jan 30, 2018 · 4:07 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 26, 2018 | S | 596 | $47.2504 | D | 31,593 | D | |
| Common Stock | Jan 26, 2018 | S | 1,593 | $47.26 | D | 30,000 | D | |
| Common Stock | Jan 26, 2018 | M | 2,851 | $19.16 | A | 32,851 | D | |
| Common Stock | Jan 26, 2018 | S | 2,851 | $47.2527 | D | 30,000 | D | |
| Common Stock | Jan 26, 2018 | G | 900 | $0.00 | D | 29,100 | D | |
| Common Stock | Jan 29, 2018 | M | 3,603 | $46.86 | A | 32,703 | D | |
| Common Stock | Jan 29, 2018 | F | 1,062 | $46.86 | D | 31,641 | D | |
| Common Stock | Jan 29, 2018 | M | 2,626 | $46.86 | A | 34,267 | D | |
| Common Stock | Jan 29, 2018 | F | 774 | $46.86 | D | 33,493 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F3 | $19.16 | Jan 26, 2018 | M | 2,851 | D | Jan 24, 2015 | Jan 24, 2021 | Common Stock | 2,851 | 0 | D |
| Restricted Stock UnitsF4,F5 | $0.00 | Jan 26, 2018 | A | 6,510 | A | — | — | Common Stock | 6,510 | 6,510 | D |
| Non-qualified Stock Option (Right to Buy)F6 | $47.70 | Jan 26, 2018 | A | 6,163 | A | Jan 26, 2019 | Jan 26, 2025 | Common Stock | 6,163 | 6,163 | D |
| Restricted Stock UnitsF7 | $0.00 | Jan 29, 2018 | M | 3,603 | D | — | — | Common Stock | 3,603 | 7,206 | D |
| Restricted Stock UnitsF8 | $0.00 | Jan 29, 2018 | M | 2,626 | D | — | — | Common Stock | 2,626 | 7,879 | D |
Explanation of responses
- F1Represents a charitable gift by the reporting person.
- F2Shares/units withheld but not issued to satisfy certain tax withholding obligations.
- 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 24, 2015.
- F4Each Restricted Stock Unit (RSU) represents the right to receive one share of Teradyne, Inc. common stock.
- F5These 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 26, 2019.
- F6This 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 26, 2019.
- F7Indicates conversion upon vesting of 25% of the time-based RSU's granted on January 29, 2016. The remaining portion will vest in two equal installments annually on the anniversary of the grant.
- F8Indicates conversion upon vesting of 25% of the time-based RSU's granted on January 27, 2017. The remaining portion will vest in three equal installments annually on the anniversary of the grant.