Robert C. Daigle - Feb 29, 2024 Form 4 Insider Report for AMTECH SYSTEMS INC (ASYS)

Signature
/s/ Robert C. Daigle, Chairman and CEO
Stock symbol
ASYS
Transactions as of
Feb 29, 2024
Transactions value $
$2,387,428
Form type
4
Date filed
3/4/2024, 05:34 PM
Previous filing
Feb 15, 2024
Next filing
Aug 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASYS Amtech Systems, Inc. $0.01 par value common stock Options Exercise $0 +7.85K +7.84% $0.00 108K Mar 1, 2024 Direct
transaction ASYS Amtech Systems, Inc. $0.01 par value common stock Tax liability -$12.6K -2.6K -2.41% $4.83 105K Mar 1, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASYS Restricted Stock Units Options Exercise $0 -7.85K -100% $0.00* 0 Mar 1, 2024 Amtech Systems, Inc. $0.01 par value common stock 7.85K $0.00 Direct F2, F3
transaction ASYS Amtech Systems, Inc. Employee Stock Option Award $2.4M +400K $6.00 400K Feb 29, 2024 Amtech Systems, Inc. $0.01 par value common stock 400K $6.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Amtech Systems, Inc. has withheld the number of whole shares necessary to satisfy the minimum statutory tax withholding obligations. The value of the vested shares (and the taxable income) is calcualted based on the closing price on the vesting date.
F2 Each restricted stock unit represents a contingent right to receive one share of Common Stock of Amtech Systems, Inc.
F3 The restricted stock units were granted on March 1, 2023, with full vesting to occur on the first anniversary of the grant date.
F4 The option price represents a premium of approximately 25% to the closing price of the Company's common stock on February 29, 2024, the date of grant.
F5 The option vests in one-third increments commencing on August 8, 2024, February 8, 2025, and August 8, 2025.