SEC Form 4 · accession 0001127602-18-003317
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 30, 2018
Accepted (ET)
Feb 1, 2018 · 4:33 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, 2018 | F | 25,612 | $46.33 | D | 77,676 | D | |
| Common Stock | Jan 30, 2018 | M | 57,618 | $46.33 | A | 103,288 | D | |
| Common StockF2 | Jan 30, 2018 | S | 45,670 | $46.57 | D | 32,006 | D | |
| Common Stock | Jan 30, 2018 | M | 5,959 | $19.16 | A | 37,965 | D | |
| Common StockF2 | Jan 30, 2018 | S | 5,959 | $46.57 | D | 32,006 | D | |
| Common Stock | Jan 30, 2018 | M | 7,619 | $18.10 | A | 39,625 | D | |
| Common StockF2 | Jan 30, 2018 | S | 7,619 | $46.57 | D | 32,006 | D | |
| Common Stock | Jan 30, 2018 | M | 5,259 | $28.56 | A | 37,265 | D | |
| Common StockF2 | Jan 30, 2018 | S | 5,259 | $46.57 | D | 32,006 | D | |
| Common Stock | Jan 30, 2018 | M | 6,793 | $19.43 | A | 38,799 | D | |
| Common StockF2 | Jan 30, 2018 | S | 6,793 | $46.57 | D | 32,006 | D | |
| Common Stock | Jan 30, 2018 | M | 7,735 | $46.33 | A | 39,741 | D | |
| Common Stock | Jan 30, 2018 | F | 3,439 | $46.33 | D | 36,302 | 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 UnitsF3,F4 | $0.00 | Jan 30, 2018 | M | 57,618 | D | — | — | Common Stock | 57,618 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F5 | $19.16 | Jan 30, 2018 | M | 5,959 | D | Jan 24, 2015 | Jan 24, 2021 | Common Stock | 5,959 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F6 | $18.10 | Jan 30, 2018 | M | 7,619 | D | Jan 30, 2016 | Jan 30, 2022 | Common Stock | 7,619 | 7,619 | D |
| Non-qualified Stock Option (Right to Buy)F7 | $28.56 | Jan 30, 2018 | M | 5,259 | D | Jan 27, 2018 | Jan 27, 2024 | Common Stock | 5,259 | 15,779 | D |
| Non-qualified Stock Option (Right to Buy)F8 | $19.43 | Jan 30, 2018 | M | 6,793 | D | Jan 29, 2017 | Jan 29, 2023 | Common Stock | 6,793 | 13,585 | D |
| Restricted Stock UnitsF9 | $0.00 | Jan 30, 2018 | M | 7,735 | D | — | — | Common Stock | 7,735 | 7,735 | D |
| Restricted Stock UnitsF10 | $0.00 | Jan 30, 2018 | A | 57,618 | A | — | — | Common Stock | 57,618 | 57,618 | D |
Explanation of responses
- F1Shares/units withheld but not issued to satisfy certain tax withholding obligations.
- F10Indicates conversion upon vesting of 100% of performance-based RSU's granted on January 30, 2018.
- F2The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $46.42 to $46.97 per share. Full information regarding the number of shares sold at each separate price is available to the Securities and Exchange Commission staff, the Issuer and any security holder of the Issuer upon request.
- F3Each Restricted Stock Unit (RSU) represents the right to receive one share of Teradyne, Inc. common stock.
- F4These are performance-based RSU's granted on January 30, 2015. The number of performance-based RSU's was determined on January 30, 2018 and vest in full on January 30, 2018.
- F5This 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.
- 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 30, 2016.
- F7This 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.
- F8This 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.
- F9Indicates conversion upon vesting of 25% of the time-based RSU's granted on January 30, 2015. The remaining portion will vest on January 30, 2019.