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