Filing Details

Accession Number:
0001256949-14-000015
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-02-28 21:44:54
Reporting Period:
2014-02-27
Filing Date:
2014-02-28
Accepted Time:
2014-02-28 21:44:54
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1039399 Formfactor Inc FORM Semiconductors & Related Devices (3674) 133711155
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1256951 L Stuart Merkadeau 7005 Southfront Road
Livermore CA 94551
Sr Vp General Counsel No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-02-27 12,423 $0.00 57,283 No 4 M Direct
Common Stock Disposition 2014-02-28 4,922 $7.11 52,361 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance Shares Acquisiton 2014-02-27 346 $0.00 346 $0.00
Common Stock Performance Shares Disposition 2014-02-27 12,423 $0.00 12,423 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
24,846 No 4 A Direct
12,423 No 4 M Direct
Footnotes
  1. Represents vested shares of common stock issued pursuant to the first conversion of one-half of the total units certified and earned January 28, 2014 and February 27, 2014 in connection with a May 4, 2012 performance-based restricted stock unit award.
  2. Represents vested shares of common stock sold to satisfy certain tax withholding obligations associated with the conversion of the restricted stock units.
  3. Reflects additional performance-based RSUs earned, determined following the audit of the financial statements, in connection with a May 4, 2012 performance-based restricted stock unit award. These are in addition to those reported on January 30, 2014
  4. As stipulated under the award agreement 50% of the total units earned will vest on the date the performance conditions are certified (February 27, 2014). The remaining units will vest on the earlier of death or termination of employment on account of disability or the first year anniversary of the certification date (February 27, 2015). All stock will be released to the reporting person on the vesting date or the first market trading day after the vesting date, during an open trading window under the Issuer's Insider Trading Policy thereafter, if the applicable vesting date is not on a market trading day during an open trading window.
  5. If the reporting person's employment is terminated for any reason before an applicable vesting date, all options and/or restricted stock units that have not yet vested shall be forfeited without consideration, except as provided in the change of control severance agreement and any other agreements regarding award vesting and exercisability between the reporting person and Issuer, which agreements or form agreements are filed with the SEC.
  6. 50% of the total units earned were settled February 27, 2014. The remaining units will vest on the earlier of death or termination of employment on account of disability or February 27, 2015. All stock will be released to the reporting person on the vesting date or the first market trading day after the vesting date, during an open trading window under the Issuer's Insider Trading Policy thereafter, if the applicable vesting date is not on a market trading day during an open trading window.
  7. The restricted stock units released were settled in shares of common stock and were immediately cancelled upon settlement.