0001628280-16-019470.txt : 20160909
0001628280-16-019470.hdr.sgml : 20160909
20160909124918
ACCESSION NUMBER: 0001628280-16-019470
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160907
FILED AS OF DATE: 20160909
DATE AS OF CHANGE: 20160909
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: WALLACE RICHARD P
CENTRAL INDEX KEY: 0001196898
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-09992
FILM NUMBER: 161878318
MAIL ADDRESS:
STREET 1: KLA TENCOR
STREET 2: 160 RIO ROBLES
CITY: SAN JOSE
STATE: CA
ZIP: 95134
4
1
wf-form4_147343974562607.xml
FORM 4
X0306
4
2016-09-07
0
0000319201
KLA TENCOR CORP
KLAC
0001196898
WALLACE RICHARD P
C/O KLA-TENCOR CORPORATION
ONE TECHNOLOGY DRIVE
MILPITAS
CA
95035
1
1
0
0
President and CEO
Common Stock - Restricted Stock Units
2016-09-07
4
A
0
55625
0
A
183350
D
Common Stock
2016-09-07
4
M
0
27812
0
A
125096
D
Common Stock
2016-09-07
4
F
0
14513
70.80
D
110583
D
Common Stock
9182
I
By Trust
Each RSU represents a contingent right to receive one share of KLA-Tencor common stock.
On August 6, 2013, 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 a maximum of 55,625 shares (based on 125% of the target shares of 44,500) 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 2016 fiscal year, on September 7, 2016 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 55,625.
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 7, 2016) and will vest in the remaining fifty percent (50%) upon his completion of four years of service following the grant date of the award (August 6, 2013). 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 55,625 RSUs in connection with the determination of the level at which the August 6, 2013 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 August 6, 2013, the Reporting Person received a grant of performance-based RSUs that, following the completion of fiscal year 2016, was determined by the Compensation Committee of KLA-Tencor's Board of directors (on September 7, 2016) to cover 55,625 shares of KLA-Tencor common stock. On September 7, 2016, the Reporting Person vested in fifty percent (50%) of such performance-based RSUs.
Pursuant to the terms of the August 6, 2013 RSU grant, 14,513 shares of KLA-Tencor common stock were automatically withheld at vesting to cover required tax withholding. 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 September 7, 2016.
Shares held under the Wallace Living Trust u/a/d 03/27/01, as amended, a trust of which the Reporting Person is a trustee and beneficiary.
Teri Little as Attorney-in-Fact for Richard P. Wallace
2016-09-09