Rood Peter S 4
4 · LTX-CREDENCE CORP · Filed Sep 18, 2012
Insider Transaction Report
Form 4
Rood Peter S
VP, Product Development
Transactions
- Tax Payment
Common Stock
2012-09-14$5.98/sh−3,345$20,003→ 241,362 total - Award
Restricted Stock Units
2012-08-28+40,000→ 244,707 total - Tax Payment
Common Stock
2012-09-15$5.98/sh−3,271$19,561→ 238,091 total
Footnotes (3)
- [F1]Each restricted stock unit (RSU) represents the right to receive one share of LTX-Credence Corporation common stock. Under the terms of the RSUs, units vest in four equal installments on August 28, 2013; August 28, 2014; August 28, 2015 and August 28, 2016.
- [F2]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 September 14, 2012; 25% will vest on September 14, 2013; 25% will vest on September 14, 2014 and 25% will vest on September 14, 2015. 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, 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 and 9,778 units vested on September 15, 2012. The remaining 9,777 units will 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.