KLA CORP — Director's Dealing 2014

Feb 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KLA TENCOR CORP (KLAC)
CIK: 0000319201
Period of Report: 2014-02-05

Reporting Person: BOND ROBERT T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-05	Common Stock	M	1250	$50.39	Acquired	1250	Direct
2014-02-05	Common Stock	S	1250	$60.815	Disposed	0	Direct
2014-02-05	Common Stock	M	1250	$50.39	Acquired	1250	Direct
2014-02-05	Common Stock	S	1250	$60.814	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-05	Non-Qualified Stock Option (Right to Buy)	$50.39	M	1250	Disposed	2014-02-14	Common Stock (1250)	Direct
2014-02-05	Non-Qualified Stock Option (Right to Buy)	$50.39	M	1250	Disposed	2014-02-14	Common Stock (1250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16321	Indirect
Common Stock - Restricted Stock Units	1856	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $60.81 to $60.82. The price reported above reflects the weighted-average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.

F2: 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.

F3: Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA-Tencor common stock.

F4: Represents a stock option granted on February 14, 2007, granting the Reporting Person the right to purchase up to 1,250 shares of KLA-Tencor common stock. All of the shares subject to this stock option vested immediately and were exercisable on February 14, 2007.