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ONTO INNOVATION INC. — Director's Dealing 2017
Feb 28, 2017
30874_dirs_2017-02-28_1a90c8e0-fbf9-4594-9d9e-5bf229f3e928.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NANOMETRICS INC (NANO)
CIK: 0000704532
Period of Report: 2017-02-24
Reporting Person: Stultz Timothy J (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-24 | Common Stock | M | 16000 | $0.00 | Acquired | 311740 | Direct |
| 2017-02-24 | Common Stock | S | 15305 | $0.00 | Disposed | 296435 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-24 | Performance Stock Units | $ | M | 16000 | Disposed | 2018-02-24 | Common Stock (16000) | Direct |
Footnotes
F1: Shares are represented by performance stock units. Each performance stock unit represents a contingent right to receive one share of NANO common stock. The performance stock units vest on an annual basis, in equal 1/3rd target increments, over a three-year period, provided that certain price performance targets are met. 2/3rds will vest for each increment if target price performance is met for that increment and 100% will vest if maximum price performance is met for that increment.
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