SEC Form 4 · accession 0001127602-18-002988
TERADYNE, INC · TER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter G. Vahey
Officer — President, Systems Test Group
Period of report
Jan 26, 2018
Accepted (ET)
Jan 30, 2018 · 4:34 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 29, 2018 | M | 2,625 | $46.86 | A | 38,696 | D | |
| Common Stock | Jan 29, 2018 | F | 774 | $46.86 | D | 37,922 | D | |
| Common Stock | Jan 29, 2018 | M | 1,785 | $46.86 | A | 39,707 | D | |
| Common Stock | Jan 29, 2018 | F | 514 | $46.86 | D | 39,193 | 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 26, 2018 | A | 4,427 | A | — | — | Common Stock | 4,427 | 4,427 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $47.70 | Jan 26, 2018 | A | 4,338 | A | Jan 26, 2019 | Jan 26, 2025 | Common Stock | 4,338 | 4,338 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 29, 2018 | M | 2,625 | D | — | — | Common Stock | 2,625 | 5,250 | D |
| Restricted Stock UnitsF6 | $0.00 | Jan 29, 2018 | M | 1,785 | D | — | — | Common Stock | 1,785 | 5,358 | 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 26, 2019.
- 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 26, 2019.
- F5Indicates 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.
- F6Indicates 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.