Rood Peter S 4
4 · LTX-CREDENCE CORP · Filed Sep 21, 2011
Insider Transaction Report
Form 4
Rood Peter S
VP, Product Development
Transactions
- Tax Payment
Common Stock
2011-09-19$5.73/sh−1,835$10,515→ 213,328 total
Footnotes (1)
- [F1]These restricted stock units were originally granted on September 19, 2007, as reported on a Form 8-K on September 21, 2007. There were a total of 20,000 units granted and each unit represents a contingent right to receive one share of LTX-Credence common stock. Under the terms of the RSUs, 25% of the units vested on September 19, 2008; 25% of the units vested on September 19, 2009; 25% of the units vested on September 19, 2010 and 25% vested on September 19, 2011. 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.