0001628280-20-012355.txt : 20200810 0001628280-20-012355.hdr.sgml : 20200810 20200810163426 ACCESSION NUMBER: 0001628280-20-012355 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200806 FILED AS OF DATE: 20200810 DATE AS OF CHANGE: 20200810 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lorig Brian CENTRAL INDEX KEY: 0001697041 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-09992 FILM NUMBER: 201089875 MAIL ADDRESS: STREET 1: ONE TECHNOLOGY DRIVE CITY: MILPITAS STATE: X1 ZIP: 95035 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: KLA 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: 4088753000 MAIL ADDRESS: STREET 1: ONE TECHNOLOGY DRIVE CITY: MILPITAS STATE: CA ZIP: 95035 FORMER COMPANY: FORMER CONFORMED NAME: KLA TENCOR CORP DATE OF NAME CHANGE: 19970505 FORMER COMPANY: FORMER CONFORMED NAME: KLA INSTRUMENTS CORP DATE OF NAME CHANGE: 19920703 4 1 wf-form4_159709165201171.xml FORM 4 X0306 4 2020-08-06 0 0000319201 KLA CORP KLAC 0001697041 Lorig Brian ONE TECHNOLOGY DRIVE MILPITAS CA 95035 0 1 0 0 Executive Vice President Common Stock - Restricted Stock Units 2020-08-06 4 A 0 4047 0 A 26688 D Common Stock - Restricted Stock Units 2020-08-06 4 A 0 4690 0 A 31378 D Common Stock - Restricted Stock Units 2020-08-06 4 M 0 2345 0 D 29033 D Common Stock 2020-08-06 4 M 0 2345 0 A 2911 D Common Stock 2020-08-06 4 F 0 1163 203.59 D 1748 D Common Stock 2020-08-07 4 S 0 1182 201.86 D 566 D Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA common stock. On August 6, 2020, the Reporting Person received a grant of RSUs. The RSUs vest 25% annually from the date of grant. 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. 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 5,628 shares (based on 150% of the target shares of 3,752) 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 4,690. 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. 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. This sale was effected pursuant to the terms of a Rule 10b5-1 trading plan adopted by the Reporting Person on February 5, 2020. /s/ Kenneth Powell, attorney-in-fact for Brian Lorig 2020-08-10