CREDENCE SYSTEMS CORP 4
4 · CREDENCE SYSTEMS CORP · Filed Apr 29, 2008
Insider Transaction Report
Form 4
Hale Rance
Sr. VP Manufacturing Operation
Transactions
- Award
Common Stock
2008-04-25+350,000→ 376,488 total
Footnotes (2)
- [F1]Restricted Stock Unit award granted on 4/25/08 with 100% of the units vesting upon completion of four (4) years of service measured from the grant date. Vesting will be accelerated on the units granted if the Company meets certain performance criteria or upon the occurrence of certain events in connection with a change of control.
- [F2]In addition to the 350,000 restricted stock units, 25,000 shares are subject to a restricted stock award dated 5/30/06 which vests annually over a period of three years, with 5,321 shares remaining from the first vest period of the restrictred award and 4,500 shares purchased through the Company's Employee Stock Purchase Plan.