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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Unit | (3) | 06/02/2014 | M | 9,765 | (4) | (4) | Common Stock, par value $.01 | 9,765 | $ 0 | 0 | D | ||||
Restricted Stock Unit | (3) | 06/02/2014 | M | 13,716 | (5) | (5) | Common Stock, par value $.01 | 13,716 | $ 0 | 13,716 | D | ||||
Stock Option (right to buy) | $ 5.44 | 06/03/2014 | M(2) | 25,000 | (6) | 06/02/2020 | Common Stock, par value $.01 | 25,000 | $ 0 | 2,789 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KIM HO IL GT ADVANCED TECHNOLOGIES INC. 243 DANIEL WEBSTER HIGHWAY MERRIMACK, NH 03054 |
V.P., Chief Adm. Off., GC |
/s/Allison G. Pellegrino, under power of attorney | 06/04/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | These shares were withheld to satisfy the reporting person's tax withholding obligations upon the vesting of restricted stock units on June 2, 2014. |
(2) | These transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person on December 16, 2013, in order to implement a plan of financial diversification. Accordingly, the reporting person had no discretion with regard to the timing of the transaction. All sales by the reporting person are subject to the issuer's equity ownership requirements. |
(3) | Each restricted stock unit represents the right to receive one share of common stock of GT Advanced Technologies Inc. |
(4) | The restricted stock units vest in four equal annual installments beginning June 2, 2011. Shares of common stock are delivered to the reporting person upon vesting. |
(5) | The restricted stock units vest in four equal annual installments beginning June 2, 2012. Shares of common stock are delivered to the reporting person upon vesting. |
(6) | Of these options, one fourth vested on June 2, 2011, the first anniversary of the date of grant, and the balance vest in equal montly installments of 1/48th of total each month subsequent to June 2011. |