Shai Shahar - 04 Jun 2021 Form 4 Insider Report for FORMFACTOR INC (FORM)

Role
CFO, SVP Global Finance
Signature
Jason Cohen, attorney-in-fact for Shai Shahar
Issuer symbol
FORM
Transactions as of
04 Jun 2021
Net transactions value
-$13,820,869
Form type
4
Filing time
07 Jun 2021, 12:59:28 UTC
Next filing
21 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORM Common Stock Options Exercise $0 +7,333 +70% $0.000000 17,849 04 Jun 2021 Direct F1
transaction FORM Common Stock Tax liability $13,820,869 -3,959 -22% $3491.00* 13,890 04 Jun 2021 Direct F2

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 Restricted Stock Units Options Exercise $0 -7,333 -50% $0.000000 7,334 04 Jun 2021 Common Stock 7,333 $0.000000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units vest in three annual installments on each June 4 of 2020, 2021, and 2022 and will be settled into shares of common stock on or following the vesting dates.
F2 Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.
F3 If the reporting person's employment is terminated for any reason before an applicable Vesting Date, all 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 equity vesting and exercisability between the reporting person and Issuer, which agreements or form agreements are filed with the SEC.