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ONTO INNOVATION INC. — Director's Dealing 2018
Feb 13, 2018
30874_dirs_2018-02-12_8963cc19-f0ff-4bb3-86aa-98836fb315f7.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: 2018-02-08
Reporting Person: Kocher Rollin (SVP, Sales and Marketing)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-02-08 | Common Stock | M | 617 | $0.00 | Acquired | 28331 | Direct |
| 2018-02-08 | Common Stock | S | 1807 | $24.54 | Disposed | 26524 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-02-08 | Performance Stock Unit | $ | M | 617 | Disposed | 2020-02-08 | Common Stock (617) | 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.
F2: Total reflects 1,333 shares forfeited due to performance measures having not been met.