4//SEC Filing
Bell Bobby R 4
Accession 0001628280-17-009074
CIK 0000319201other
Filed
Sep 4, 8:00 PM ET
Accepted
Sep 5, 8:19 PM ET
Size
11.0 KB
Accession
0001628280-17-009074
Insider Transaction Report
Form 4
KLA TENCOR CORPKLAC
Bell Bobby R
Executive Vice President
Transactions
- Award
Common Stock - Restricted Stock Units
2017-08-31+17,140→ 87,096 total - Exercise/Conversion
Common Stock
2017-08-31+8,570→ 18,202.917 total - Exercise/Conversion
Common Stock - Restricted Stock Units
2017-08-31−8,570→ 78,526 total - Tax Payment
Common Stock
2017-08-31$93.69/sh−4,472$418,982→ 13,730.917 total
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA-Tencor common stock.
- [F2]On August 7, 2014, in addition to the RSUs granted on that date that were subject only to service-vesting requirements (which RSUs were previously reported on Form 4), the Reporting Person was also granted RSUs covering up to a maximum of 18,312 shares (based on 125% of the target shares of 14,650) of KLA-Tencor common stock, subject to both performance-vesting and service-vesting requirements. On August 31, 2017 the Compensation Committee of KLA-Tencor's Board of Directors determined the level at which the corporate performance goals were attained and, based on the assessment, determined that the number of shares subject to the RSUs is 17,140.
- [F3]Does not include performance-based RSUs, if any, held by the Reporting Person for which an assessment has not yet been made regarding the achievement of the applicable performance goals. Any such holdings will be reported on a Form 4 within two business days of the date such assessment is made.
- [F4]The Reporting Person vested fifty percent (50%) of the performance-based RSUs upon the date on which the Compensation Committee of KLA-Tencor's Board of Directors determined the level at which the underlying performance goals were attained (August 31, 2017) and will vest in the remaining fifty percent (50%) upon his completion of four years of service following the grant date of the award (August 7, 2014). The shares of common stock will be issued as the performance-based RSUs vest.
- [F5]Pursuant to the terms of the grant, shares of KLA-Tencor common stock were automatically withheld at vesting to cover required tax withholding. The fair market value of KLA-Tencor common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA-Tencor common stock as reported on August 31, 2017.
Documents
Issuer
KLA TENCOR CORP
CIK 0000319201
Entity typeother
Related Parties
1- filerCIK 0001498385
Filing Metadata
- Form type
- 4
- Filed
- Sep 4, 8:00 PM ET
- Accepted
- Sep 5, 8:19 PM ET
- Size
- 11.0 KB