0001628280-15-007003.txt : 20150908
0001628280-15-007003.hdr.sgml : 20150907
20150908195126
ACCESSION NUMBER: 0001628280-15-007003
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150903
FILED AS OF DATE: 20150908
DATE AS OF CHANGE: 20150908
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: KLA TENCOR CORP
CENTRAL INDEX KEY: 0000319201
STANDARD INDUSTRIAL CLASSIFICATION: OPTICAL INSTRUMENTS & LENSES [3827]
IRS NUMBER: 042564110
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: ONE TECHNOLOGY DRIVE
CITY: MILPITAS
STATE: CA
ZIP: 95035
BUSINESS PHONE: 4088756000
MAIL ADDRESS:
STREET 1: ONE TECHNOLOGY DRIVE
CITY: MILPITAS
STATE: CA
ZIP: 95035
FORMER COMPANY:
FORMER CONFORMED NAME: KLA INSTRUMENTS CORP
DATE OF NAME CHANGE: 19920703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Khan Ahmad A.
CENTRAL INDEX KEY: 0001642452
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-09992
FILM NUMBER: 151097784
MAIL ADDRESS:
STREET 1: ONE TECHNOLOGY DRIVE
CITY: MILPITAS
STATE: CA
ZIP: 95035
4
1
wf-form4_144175627593742.xml
FORM 4
X0306
4
2015-09-03
0
0000319201
KLA TENCOR CORP
KLAC
0001642452
Khan Ahmad A.
C/O KLA-TENCOR CORPORATION
ONE TECHNOLOGY DRIVE
MILPITAS
CA
95035
0
1
0
0
EVP, Patterning Division
Common Stock - Restricted Stock Units
2015-09-03
4
A
0
6538
0
A
53464
D
Common Stock
2015-09-07
4
M
0
3269
0
A
10394
D
Common Stock
2015-09-07
4
F
0
1392
47.54
D
9002
D
Common Stock
2015-09-04
4
M
0
1778
0
A
10780
D
Common Stock
2015-09-04
4
F
0
928
47.54
D
9852
D
Common Stock
2015-09-07
4
M
0
1307
0
A
11159
D
Common Stock
2015-09-07
4
F
0
682
47.54
D
10477
D
Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA-Tencor common stock.
On September 7, 2012, 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 5,230 shares of KLA-Tencor common stock, subject to both performance-vesting and service-vesting requirements. Following the completion of KLA-Tencor's audited financial statements for the 2015 fiscal year, on September 3, 2015 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 6,538.
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 (September 3, 2015) and will vest in the remaining fifty percent (50%) upon his completion of four years of service following the grant date of the award (September 7, 2012). The shares of common stock will be issued as the performance-based RSUs vest.
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.
Reflects an increase of 6,538 RSUs in connection with the determination of the level at which the September 7, 2012 performance-based RSUs were attained, less the fifty percent (50%) of such award that vested upon such assessment, as described in footnote 3.
As noted in Footnote 2, on September 7, 2012, the Reporting Person received a grant of performance-based RSUs that, following the completion of fiscal year 2015, was determined by the Compensation Committee of KLA-Tencor's Board of directors (on September 3, 2015) to cover 6,538 shares of KLA-Tencor common stock. On September 7, 2015, the Reporting Person vested in fifty percent (50%) of such performance-based RSUs.
Pursuant to such terms of the September 7, 2012 RSU grant, 1,392 shares of KLA-Tencor common stock were automatically withheld on the vesting date to cover required tax withholding. Because the vesting date of such RSUs occurred on a day on which the NASDAQ Stock Market was closed for trading, 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 the last completed trading day immediately prior to such vesting date.
On September 4, 2013, the Reporting Person received a grant of restricted stock units covering 7,112 shares of KLA-Tencor common stock. On September 4, 2015, the Reporting Person vested in twenty-five percent (25%) of such RSUs.
Pursuant to such terms of the September 4, 2013 RSU grant, 928 shares of KLA-Tencor common stock were automatically withheld on the vesting date to cover required tax withholding.
On September 7, 2012, the Reporting Person received a grant of restricted stock units covering 5,230 shares of KLA-Tencor common stock. On September 7, 2015, the Reporting Person vested in twenty-five percent (25%) of such RSUs.
Pursuant to such terms of the September 7, 2012 RSU grant, 682 shares of KLA-Tencor common stock were automatically withheld on the vesting date to cover required tax withholding. Because the vesting date of such RSUs occurred on a day on which the NASDAQ Stock Market was closed for trading, 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 the last completed trading day immediately prior to such vesting date.
Brian M. Martin as Attorney-in-Fact for Ahmad A. Khan
2015-09-08