0001209191-22-014853.txt : 20220302
0001209191-22-014853.hdr.sgml : 20220302
20220302170250
ACCESSION NUMBER: 0001209191-22-014853
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220228
FILED AS OF DATE: 20220302
DATE AS OF CHANGE: 20220302
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FALLON LYNNETTE C
CENTRAL INDEX KEY: 0001195654
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-30941
FILM NUMBER: 22704769
MAIL ADDRESS:
STREET 1: 108 CHERRY HILL DRIVE
CITY: BEVERLY
STATE: MA
ZIP: 01915
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AXCELIS TECHNOLOGIES INC
CENTRAL INDEX KEY: 0001113232
STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559]
IRS NUMBER: 341818596
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 108 CHERRY HILL DRIVE
CITY: BEVERLY
STATE: MA
ZIP: 01915
BUSINESS PHONE: 978-787-4000
MAIL ADDRESS:
STREET 1: 108 CHERRY HILL DRIVE
CITY: BEVERLY
STATE: MA
ZIP: 01915
FORMER COMPANY:
FORMER CONFORMED NAME: EATON SEMICONDUCTOR EQUIPMENT INC
DATE OF NAME CHANGE: 20000501
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-02-28
0
0001113232
AXCELIS TECHNOLOGIES INC
ACLS
0001195654
FALLON LYNNETTE C
C/O AXCELIS TECHNOLOGIES, INC.
108 CHERRY HILL DRIVE
BEVERLY
MA
01915
0
1
0
0
Executive VP, HR/Legal
Common Stock
2022-02-28
4
F
0
2307
0.00
D
53772
D
Common Stock
2022-02-28
4
F
0
2547
0.00
D
51225
D
This forfeiture of shares for tax withholding purposes relates to the vesting on February 28, 2022 of the remainder of performance based restricted stock units granted to the executive in May 2020. These shares were determined to be earned by the executive pursuant to a resolution of the Axcelis Technologies, Inc. Compensation Committee on February 8, 2021, and half of the earned shares vested on February 28, 2021. As agreed with the executive, the shares issued to the executive on the vested shares were reduced by a number of shares having a value equal to the executive's tax withholding obligation with respect to the vested shares.
These shares were withheld by the Company to cover the tax withholding obligations of the executive on the vesting of restricted stock units on February 28, 2022.
Of the shares beneficially owned by the executive on February 28, 2022 after the vesting of the 2020 performance based restricted stock units, 35,402 shares were issuable on vesting of restricted stock units which are subject to forfeiture. This number includes 5,893 shares issuable under the executive's 2021 performance based restricted stock units, which also vested on February 28, 2022.
This forfeiture of shares for tax withholding purposes relates to the vesting on February 28, 2022 of the first half of shares earned under performance based restricted stock units granted to the executive in May 2021. These shares were determined to be earned by the executive pursuant to a resolution of the Axcelis Technologies, Inc. Compensation Committee on February 15, 2022. The second half of the shares earned under this restricted stock unit award will vest on February 28, 2023, assuming continuation of the executive's services. As agreed with the executive, the shares issued to the executive on the vested shares were reduced by a number of shares having a value equal to the executive's tax withholding obligation with respect to the vested shares.
Of the shares beneficially owned by the executive on February 28, 2022 after the vesting of shares issued on both the 2020 performance based restricted stock units and the 2021 performance based restricted stock units, 29,509 shares were issuable on vesting of restricted stock units which are subject to forfeiture.
Lynnette C. Fallon
2022-03-02