SEC Form 4 · accession 0001127602-19-002884
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 25, 2019
Accepted (ET)
Jan 29, 2019 · 4:28 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 28, 2019 | M | 5,252 | $36.77 | A | 42,162 | D | |
| Common Stock | Jan 28, 2019 | F | 1,533 | $36.77 | D | 40,629 | D | |
| Common Stock | Jan 28, 2019 | M | 3,239 | $36.77 | A | 43,868 | D | |
| Common Stock | Jan 28, 2019 | F | 1,089 | $36.77 | D | 42,779 | 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 | — | Jan 25, 2019 | A | 17,633 | A | — | — | Common Stock | 17,633 | 17,633 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $36.75 | Jan 25, 2019 | A | 15,790 | A | Jan 25, 2020 | Jan 25, 2026 | Common Stock | 15,790 | 15,790 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 28, 2019 | M | 5,252 | D | — | — | Common Stock | 5,252 | 10,505 | D |
| Restricted Stock UnitsF6 | $0.00 | Jan 28, 2019 | M | 3,239 | D | — | — | Common Stock | 3,239 | 9,717 | 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 29, 2020.
- 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 29, 2020.
- F5Indicates conversion upon vesting of 25% of the time-based RSU's granted on January 27, 2017. 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 26, 2018. The remaining portion will vest in three equal installments annually on the anniversary of the grant.