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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Higgins Bren D. ONE TECHNOLOGY DRIVE MILPITAS, CA 95035 |
EVP & Chief Financial Officer |
/s/ Jeffrey Cannon as Attorney-in-Fact for Bren D. Higgins | 08/03/2020 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Purchased under the registrant's employee stock purchase plan. |
(2) | Represents 85% of the closing price of the registrant's stock on the employee stock purchase plan start date. |
(3) | Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA common stock. |
(4) | On March 20, 2019, the reporting person was granted performance-based RSUs that would be eligible to vest, subject to continued service on each vesting date, in three equal installments as early as the third, fourth and fifth anniversaries of the grant date provided that the trailing 20-day average of the closing price of KLA common stock plus aggregate cash dividends distributed per share on any date since the grant date exceeded $174.5865, $203.6843 and $232.782, respectively. On July 31, 2020, it was determined that the 20-day trailing average plus cash dividends distributed per share since the grant date exceeded the second threshold of $203.6843. As a result, 13,813 shares became eligible to vest on March 20, 2023, subject to continued service on that date. |
(5) | 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. |
(6) | Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA common stock. |
(7) | On August 1, 2019, the reporting person was granted RSUs for 12,863 shares of KLA common stock. On August 1, 2020, 25% of the RSUs vested. |
(8) | 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 July 31, 2020. |
(9) | On August 2, 2018, the reporting person was granted RSUs for 11,495 shares of KLA common stock. On August 2, 2020, 25% of the RSUs vested. |