Mike Slessor - May 11, 2021 Form 4 Insider Report for FORMFACTOR INC (FORM)

Signature
By: /s/Jason Cohen, Attorney-in-Fact For: Mike Slessor
Stock symbol
FORM
Transactions as of
May 11, 2021
Transactions value $
-$1,749,218
Form type
4
Date filed
5/12/2021, 09:43 PM
Next filing
May 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORM Common Stock Options Exercise $211K +25K +7.19% $8.44 373K May 11, 2021 Direct F1
transaction FORM Common Stock Sale -$192K -5.44K -1.46% $35.39 367K May 11, 2021 Direct F1, F2
transaction FORM Common Stock Sale -$703K -19.6K -5.33% $35.95 348K May 11, 2021 Direct F1, F3
transaction FORM Common Stock Options Exercise $211K +25K +7.19% $8.44 373K May 12, 2021 Direct F1
transaction FORM Common Stock Sale -$647K -19.1K -5.12% $33.92 353K May 12, 2021 Direct F1, F4
transaction FORM Common Stock Sale -$199K -5.71K -1.62% $34.83 348K May 12, 2021 Direct F1, F5
transaction FORM Common Stock Sale -$7.14K -200 -0.06% $35.68 348K May 12, 2021 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 FORM Non-Qualified Stock Option (right to buy) Options Exercise -$211K -25K -50% $8.44 25K May 11, 2021 Common Stock 25K $8.44 Direct F1, F6, F7
transaction FORM Non-Qualified Stock Option (right to buy) Options Exercise -$211K -25K -100% $8.44 0 May 12, 2021 Common Stock 25K $8.44 Direct F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $34.77 through $35.70. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $35.77 through $36.44. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $33.31 through $34.297. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F5 Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $34.318 through $35.23. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F6 The Stock Option was granted pursuant to the Issuer's 2002 Equity Incentive Plan and vest over 4 years, with 25% vesting on February 9, 2016 and the remainder vesting in equal annual installments over the following three years.
F7 If the reporting person's employment is terminated for any reason before an applicable vesting date, all options and/or restricted stock units that have not yet vested shall be forfeited without consideration, except as provided in the change of control severance agreement and any other agreements regarding award vesting and exercisability between the reporting person and Issuer, which agreements or form agreements are filed with the SEC.