0001628280-21-016247.txt : 20210809 0001628280-21-016247.hdr.sgml : 20210809 20210809161732 ACCESSION NUMBER: 0001628280-21-016247 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210805 FILED AS OF DATE: 20210809 DATE AS OF CHANGE: 20210809 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Higgins Bren D. CENTRAL INDEX KEY: 0001582049 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-09992 FILM NUMBER: 211156725 MAIL ADDRESS: STREET 1: ONE TECHNOLOGY DRIVE CITY: MILPITAS STATE: CA 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_162854023578943.xml FORM 4 X0306 4 2021-08-05 0 0000319201 KLA CORP KLAC 0001582049 Higgins Bren D. ONE TECHNOLOGY DRIVE MILPITAS CA 95035 0 1 0 0 EVP & Chief Financial Officer Common Stock - Restricted Stock Units 2021-08-05 4 A 0 6086 0 A 64923 D Common Stock - Restricted Stock Units 2021-08-05 4 A 0 15403 0 A 80326 D Common Stock - Restricted Stock Units 2021-08-05 4 M 0 7702 0 D 72624 D Common Stock 2021-08-05 4 M 0 7702 0 A 16243 D Common Stock 2021-08-05 4 F 0 3819 353.71 D 12424 D Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA common stock. On August 5, 2021, 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 2, 2018, 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 alsogranted RSUs covering up to a maximum of 17,242 shares (based on 150% of the target shares of 11,495) of KLA common stock, subject to both performance-vesting and service-vesting requirements. On August5, 2021, 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 ofshares subject to the RSUs is 15,403. 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 theunderlying performance goals were attained (August 5, 2021) and will vest in the remaining fifty percent (50%) upon his completion of four years of service following the award (August 2, 2022). The shares ofcommon 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 ofcalculating the number of shares to be withheld was the closing price of KLA common stock as reported on August 5, 2021. /s/ Jeffrey Cannon as Attorney-in-Fact for Bren D. Higgins 2021-08-09