GT Advanced Technologies Inc. 4
4 · GT Advanced Technologies Inc. · Filed Sep 9, 2014
Insider Transaction Report
Form 4
KIM HO IL
V.P. and General Counsel
Transactions
- Exercise/Conversion
Common Stock, par value $.01
2014-09-06+6,652→ 51,643 total - Tax Payment
Common Stock, par value $.01
2014-09-06$16.70/sh−3,136$52,371→ 48,507 total - Sale
Common Stock, par value $.01
2014-09-08$17.39/sh−3,516$61,158→ 44,991 total - Exercise/Conversion
Restricted Stock Unit
2014-09-06−6,652→ 46,563 total→ Common Stock, par value $.01 (6,652 underlying)
Footnotes (4)
- [F1]These shares were withheld to satisfy the reporting person's tax withholding obligations upon the vesting of restricted stock units on September 6, 2014.
- [F2]The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person on December 16, 2013, in order to implement a plan of financial diversification. Accordingly, the reporting person had no discretion with regard to the timing of the transaction. All sales by the reporting person are subject to the issuer's equity ownership requirements.
- [F3]Each restricted stock unit represents the right to receive one share of common stock of GT Advanced Technologies Inc.
- [F4]The restricted stock units vested one-fourth on June 6, 2013, and the balance vests in equal quarterly installments over the following three years. Shares of common stock are delivered to the reporting person on vesting.