KLA CORP — Director's Dealing 2014

Nov 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KLA TENCOR CORP (KLAC)
CIK: 0000319201
Period of Report: 2014-11-05

Reporting Person: BOND ROBERT T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-05	Common Stock	A	2500	$44.76	Acquired	6250	Direct
2014-11-05	Common Stock	A	2500	$40.24	Acquired	8750	Direct
2014-11-05	Common Stock - Restricted Stock Units	A	1969	—	Acquired	3825	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-05	Non-Qualified Stock Option (Right to Buy)	$44.76	M	2500	Disposed	2015-01-25	Common Stock (2500)	Direct
2014-11-05	Non-qualified Stock Option (Right to Buy)	$40.24	M	2500	Disposed	2015-05-11	Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16321	Indirect

Footnotes

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA-Tencor common stock.

F2: Represents a grant of RSUs that, pursuant to KLA-Tencor's outside director compensation program, was automatically granted to the Reporting Person on the date of KLA-Tencor's annual meeting of stockholders with respect to the Reporting Person's service on the Board of Directors for the upcoming year. The RSUs will fully vest one year from date of grant and will be deliverable on such date.

F3: Shares held under The Robert T. Bond and Kathleen S. Bond Trust Agreement originally dated January 12, 1984 (as amended and restated to date), a trust of which the Reporting Person is a trustee and beneficiary.

F4: Represents a stock option granted on January 25, 2005, granting the Reporting Person the right to purchase up to 2,500 shares of KLA-Tencor common stock. All of the shares subject to this stock option vested immediately and were exercisable on January 25, 2005.

F5: Represents a stock option granted on May 11, 2005, granting the Reporting Person the right to purchase up to 2,500 shares of KLA-Tencor common stock. All of the shares subject to this stock option vested immediately and were exercisable on May 11, 2005.