Glass David D. 4
4 · VEECO INSTRUMENTS INC · Filed Aug 3, 2012
Insider Transaction Report
Form 4
Glass David D.
EVP & CFO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2012-08-02−667→ 667 totalExercise: $0.00→ common stock (667 underlying) - Award
Common Stock
2012-08-02+667→ 39,199 total - Tax Payment
Common Stock
2012-08-02$34.60/sh−241$8,339→ 38,958 total
Footnotes (2)
- [F1]These shares were acquired pursuant to a restricted stock unit award granted on June 11, 2010 under the Veeco Instruments Inc., 2010 Stock Incentive Plan. Vesting of these shares was conditioned on the achievement of certain performance criteria. This criteria was met and, as a result, the restrictions on one-third of these awards lapsed on August 2, 2011 (the "Initial Vesting Date"). The restrictions on an additional one-third of these shares shall lapse on each of the first and second anniversaries of the Initial Vesting Date.
- [F2]Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted units.