4//SEC Filing
MacDonald Bruce 4
Accession 0001181431-10-050505
CIK 0000357020other
Filed
Oct 11, 8:00 PM ET
Accepted
Oct 12, 2:02 PM ET
Size
9.6 KB
Accession
0001181431-10-050505
Insider Transaction Report
Form 4
MacDonald Bruce
Vice President -- Marketing
Transactions
- Tax Payment
Common Stock
2010-10-08$6.11/sh−1,588$9,703→ 58,899 total - Tax Payment
Common Stock
2010-10-08$6.11/sh−2,620$16,008→ 56,279 total - Tax Payment
Common Stock
2010-10-08$6.11/sh−1,588$9,703→ 60,487 total
Footnotes (4)
- [F1]As of September 30, 2010, LTX-Credence Corporation effected a three-for-one reverse stock split, which is reflected in the share numbers. All previously reported exercise prices, option grants and similar instruments convertible into common stock have been proportionately adjusted to reflect the reverse split.
- [F2]Each restricted stock unit represents the right to receive one share of LTX-Credence common stock. These restricted stock unit awards (RSUs) were originally granted on September 13, 2006 with performance based vesting. On October 8, 2008, the vesting of the RSUs was amended in consideration of waiver of rights under a change of control employment agreement to provide that 40% vested on October 8, 2008; 30% vested on October 8, 2009 and the remaining balance vested on October 8, 2010. The disposition of common stock described in this filing reflects the amount of shares of common stock withheld for tax withholding purposes.
- [F3]Each restricted stock unit represents the right to receive one share of LTX-Credence common stock. Under the terms of the RSUs: 25% of the units vested on October 8, 2009; 25% vested on October 8, 2010 and the remaining units will vest in two equal annual installments starting on October 8, 2011. The disposition of common stock described in this filing reflects the amount of shares of common stock withheld for tax withholding purposes.
- [F4]Each restricted stock unit represents the right to receive one share of LTX-Credence common stock. Under the terms of the RSUs: 33% of the units vested on October 8, 2009; 33% of the remaining units will vest on October 8, 2010 and 34% will vest on October 8, 2011. The disposition of common stock described in this filing reflects the amount of shares of common stock withheld for tax withholding purposes.
Documents
Issuer
LTX-CREDENCE CORP
CIK 0000357020
Entity typeother
Related Parties
1- filerCIK 0001444276
Filing Metadata
- Form type
- 4
- Filed
- Oct 11, 8:00 PM ET
- Accepted
- Oct 12, 2:02 PM ET
- Size
- 9.6 KB