4//SEC Filing
Rood Peter S 4
Accession 0001181431-11-049581
CIK 0000357020other
Filed
Sep 15, 8:00 PM ET
Accepted
Sep 16, 4:22 PM ET
Size
11.5 KB
Accession
0001181431-11-049581
Insider Transaction Report
Form 4
Rood Peter S
VP, Product Development
Transactions
- Tax Payment
Common Stock
2011-09-15$5.98/sh−3,587$21,450→ 215,163 total - Award
Restricted Stock Units
2011-09-14+40,000→ 218,750 total
Footnotes (2)
- [F1]Each restricted stock unit (RSU) represents the right to receive one share of LTX-Credence common stock. Under the terms of the RSUs, the units vest in four equal annual installments on September 14, 2012; September 14, 2013; September 14, 2014 and September 14, 2015.
- [F2]Each restricted stock unit represents the right to receive one share of LTX-Credence common stock. Under the terms of the RSUs, 11,000 units vested on December 15, 2009; 11,000 units vested on March 15, 2010; 11,000 units vested on June 15, 2010; 11,000 units vested on September 15, 2010 and 9,778 units vested on September 15, 2011. The remaining units will vest as follows: 9,778 units vest on September 15, 2012 and 9,777 units vest on September 15, 2013. The disposition of common stock described in this filing reflects the amount of shares of common stock withheld for tax withholding purposes. All share numbers reflect the 3-for-1 reverse stock split effectuated on September 30, 2010.
Issuer
LTX-CREDENCE CORP
CIK 0000357020
Entity typeother
Related Parties
1- filerCIK 0001310305
Filing Metadata
- Form type
- 4
- Filed
- Sep 15, 8:00 PM ET
- Accepted
- Sep 16, 4:22 PM ET
- Size
- 11.5 KB