Fallon Lynnette C's Form 4 filing
Axcelis Technologies Inc (ACLS) · filed May 16, 2023
- Accession no.
- 0001209191-23-029944
- Filed
- May 16, 2023
- Trade date
- May 15-16, 2023
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Not checked
This filing lists 5 non-derivative transactions. Open-market sales total $534.9K. It was filed 1 day after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Fallon Lynnette CCIK 0001195654 | Officer (Executive VP, HR/Legal) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 15, 2023 | Common Stock | AGrant or awardAcquired | +2,700 | $0.00F1 | $0 | 45,736 | Direct | |
| May 15, 2023 | Common Stock | AGrant or awardAcquired | +2,700 | $0.00F3 | $0 | 48,436 | Direct | |
| May 15, 2023 | Common Stock | FTax withholdingDisposed | −1,263 | $127.99F6 | −$161,651.37 | 47,173 | Direct | |
| May 15, 2023 | Common Stock | FTax withholdingDisposed | −1,209 | $127.99F6 | −$154,739.91 | 45,964 | Direct | |
| May 16, 2023 | Common Stock | SSaleDisposed | −4,120 | $129.84F9 | −$534,940.8 | 41,844 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
These shares are issuable on vesting of restricted stock units granted under the Company's 2012 Equity Incentive Plan. Assuming continuation of employment, 25% of these restricted stock units will vest on each of May 15, 2024, May 15, 2025, May 15, 2026 and May 15, 2027.
Referenced by the price of 1 transaction in Table I.
- F3
In this grant under the Company's 2012 Equity Incentive Plan, the executive may earn shares of common stock, ranging from zero to 150% of the granted units. The shares are earned based on the achievement of 2023 performance goals. Assuming continuation of employment,50% of the earned shares will vest on February 28, 2024 and 50% of the earned shares will vest on February 28, 2025. Unearned restricted stock units will forfeit on February 28, 2024.
Referenced by the price of 1 transaction in Table I.
- F6
Represents the closing price of the common stock on the date of the tax withholding.
Referenced by the price of 2 transactions in Table I.
- F9
The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $129.65 to $130.15, inclusive. The reporting person undertakes to provide to Axcelis Technologies, Inc., any security holder of Axcelis Technologies, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
Referenced by the price of 1 transaction in Table I.