Filing Details

Accession Number:
0001628280-20-012359
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-08-10 16:35:24
Reporting Period:
2020-08-06
Accepted Time:
2020-08-10 16:35:24
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
1582049 D. Bren Higgins One Technology Drive
Milpitas CA 95035
Evp & Chief Financial Officer 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 2020-08-06 8,094 $0.00 61,455 No 4 A Direct
Common Stock - Restricted Stock Units Acquisiton 2020-08-06 14,070 $0.00 75,525 No 4 A Direct
Common Stock - Restricted Stock Units Disposition 2020-08-06 7,035 $0.00 68,490 No 4 M Direct
Common Stock Acquisiton 2020-08-06 7,035 $0.00 8,863 No 4 M Direct
Common Stock Disposition 2020-08-06 3,488 $203.59 5,375 No 4 F Direct
Common Stock Disposition 2020-08-07 3,547 $201.86 1,828 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 A Direct
No 4 M Direct
No 4 M Direct
No 4 F 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 August 6, 2020, the Reporting Person received a grant of RSUs. The RSUs vest 25% annually from the date of grant.
  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. On August 3, 2017, in addition to the RSUs granted on that date that were subject only to service-vesting requirements (which RSUs were previously reported on a Form 4), the Reporting Person was also granted RSUs covering up to a maximum of 16,884 shares (based on 150% of the target shares of 11,256) of KLA common stock, subject to both performance-vesting and service-vesting requirements. On August 6, 2020, the Compensation Committee of KLA'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 14,070.
  5. The Reporting Person vested fifty percent (50%) of the performance-based RSUs upon the date on which the Compensation Committee of KLA's Board of Directors determined the level at which the underlying performance goals were attained (August 6, 2020) and will vest in the remaining fifty percent (50%) upon his completion of four years of service following the award (August 3, 2021). The shares of common stock will be issued as the performance-based RSUs vest.
  6. Pursuant to the terms of the grant, shares of KLA common stock were automatically withheld at vesting to cover required tax withholding. The fair market value of KLA common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA common stock as reported on August 6, 2020.
  7. This sale was effected pursuant to the terms of a Rule 10b5-1 trading plan adopted by the Reporting Person on June 15, 2020.