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VEECO INSTRUMENTS INC — Director's Dealing 2011
Aug 4, 2011
31958_dirs_2011-08-04_105f2f1b-26be-493c-97f3-b3c075ffe52f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: VEECO INSTRUMENTS INC (VECO)
CIK: 0000103145
Period of Report: 2011-08-02
Reporting Person: Glass David D. (EVP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-08-02 | Common Stock | A | 666 | — | Acquired | 32466 | Direct |
| 2011-08-02 | Common Stock | F | 242 | $39.05 | Disposed | 32224 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-08-02 | Restricted Stock Unit | $0 | M | 666 | Disposed | common stock (666) | Direct |
Footnotes
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 stock units.