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Filing Details

Accession Number:: 0001628280-20-012355
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-08-10 16:34:26
Reporting Period:: 2020-08-06

Accepted Time:: 2020-08-10 16:34:26
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
319201	Kla Corp	KLAC	Optical Instruments & Lenses (3827)	042564110

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1697041	Brian Lorig	One Technology Drive Milpitas CA 95035	Executive Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock - Restricted Stock Units	Acquisiton	2020-08-06	4,047	$0.00	26,688	No	4	A	Direct
Common Stock - Restricted Stock Units	Acquisiton	2020-08-06	4,690	$0.00	31,378	No	4	A	Direct
Common Stock - Restricted Stock Units	Disposition	2020-08-06	2,345	$0.00	29,033	No	4	M	Direct
Common Stock	Acquisiton	2020-08-06	2,345	$0.00	2,911	No	4	M	Direct
Common Stock	Disposition	2020-08-06	1,163	$203.59	1,748	No	4	F	Direct
Common Stock	Disposition	2020-08-07	1,182	$201.86	566	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	A	Direct
No	4	M	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Footnotes

Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA common stock.
On August 6, 2020, the Reporting Person received a grant of RSUs. The RSUs vest 25% annually from the date of grant.
Does not include performance-based RSUs, if any, held by the Reporting Person for which an assessment has not yet been made regarding the achievement of the applicable performance goals. Any such holdings will be reported on a Form 4 within two business days of the date such assessment is made.
On August 3, 2017, in addition to the RSUs granted on that date that were subject only to service-vesting requirements (which RSUs were previously reported on a Form 4), the Reporting Person was also granted RSUs covering up to a maximum of 5,628 shares (based on 150% of the target shares of 3,752) of KLA common stock, subject to both performance-vesting and service-vesting requirements. On August 6, 2020, the Compensation Committee of KLA's Board of Directors determined the level at which the corporate performance goals were attained and, based on the assessment, determined that the number of shares subject to the RSUs is 4,690.
The Reporting Person vested fifty percent (50%) of the performance-based RSUs upon the date on which the Compensation Committee of KLA's Board of Directors determined the level at which the underlying performance goals were attained (August 6, 2020) and will vest in the remaining fifty percent (50%) upon his completion of four years of service following the award (August 3, 2021). The shares of common stock will be issued as the performance-based RSUs vest.
Pursuant to the terms of the grant, shares of KLA common stock were automatically withheld at vesting to cover required tax withholding. The fair market value of KLA common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA common stock as reported on August 6, 2020.
This sale was effected pursuant to the terms of a Rule 10b5-1 trading plan adopted by the Reporting Person on February 5, 2020.