VEECO INSTRUMENTS INC — Director's Dealing 2020

Mar 12, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: VEECO INSTRUMENTS INC (VECO)
CIK: 0000103145
Period of Report: 2020-03-02

Reporting Person: Porshnev Peter (SVP, Unified Engineering)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	64673	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock option granted 11/1/2013	$29.21	2023-10-31	Common Stock (10000)		Direct
Stock option granted 6/12/2014	$32.67	2021-06-11	Common Stock (10530)		Direct
Stock option granted 7/1/2014	$37.26	2024-06-30	Common Stock (10000)		Direct
Restricted Stock Unit	$0		Common Stock (14000)		Direct

Footnotes

F1: Of this total, 32,481 shares are owned outright without restriction. The remaining shares are time-based restricted stock that will vest on a periodic basis, subject to the reporting person's continued employment with the Company.

F2: The option becomes exercisable in 33 1/3% increments on the first, second and third anniversaries of the date of grant.

F3: Reflects performance-based restricted stock units ("PRSUs") granted under the Veeco Instruments Inc. 2010 Stock Incentive Plan. Subject to the reporting person's continued service and the achievement of three-year performance criteria (the "Criteria") specified in the award agreement, each PRSU represents the contingent right to receive one share of Veeco common stock. Awards can range from 25% to 150% of the reported PRSUs based on achievement of the Criteria. If the Criteria are not achieved, the award will be partially forfeited, up to 75% of the total award. Subject to having been earned, vested shares will be delivered to the reporting person on the date specified in the award agreement, but in no case earlier than the third anniversary of the grant date.