Filing Details

Accession Number:
0001628280-19-014421
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-11-21 17:25:47
Reporting Period:
2019-11-20
Accepted Time:
2019-11-21 17:25:47
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
319201 Kla Corp KLAC Optical Instruments & Lenses (3827) 042564110
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1656471 A. Teri Little One Technology Drive
Milpitas CA 95035
Evp, Clo And Secretary 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 - Restricted Stock Units Acquisiton 2019-11-20 7,293 $0.00 24,758 No 4 A Direct
Common Stock Disposition 2019-11-20 2,925 $176.13 5,791 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
Footnotes
  1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA common stock.
  2. On March 20, 2019, the reporting person was granted performance-based RSUs that would be eligible to vest, subject to continued service on each vesting date, in three equal installments as early as the third, fourth and fifth anniversaries of the grant date provided that the trailing 20-day average of the closing price of KLA common stock plus cash dividends distributed per share since the grant date exceeded $174.5865, $203.6843 and $232.782, respectively. On November 20, 2019, it was determined that the 20-day trailing average plus cash dividends distributed per share since the grant date exceeded the first threshold of $174.5865. As a result, 7,293 shares became eligible to vest on March 20, 2022, subject to continued service on that date.
  3. 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.
  4. This sale was effected pursuant to the terms of a Rule 10b5-1 trading plan adopted by the Reporting Person on May 30, 2019.