Shai Shahar - 02 Aug 2022 Form 4 Insider Report for FORMFACTOR INC (FORM)

Role
CFO, SVP Global Finance
Signature
Stan Finkelstein, attorney-in-fact for Shai Shahar
Issuer symbol
FORM
Transactions as of
02 Aug 2022
Net transactions value
-$84,476
Form type
4
Filing time
04 Aug 2022, 19:07:22 UTC
Previous filing
31 Aug 2022
Next filing
07 Mar 2023
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 +4,888 +6.9% $0.000000 76,163 02 Aug 2022 Direct F1
transaction FORM Common Stock Tax liability $84,476 -2,424 -3.2% $34.85 74,029 02 Aug 2022 Direct F2, F3

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 -4,888 -100% $0.000000* 0 02 Aug 2022 Common Stock 4,888 $0.000000 Direct F1, F4
* 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 August 2 of 2022, 2023, and 2024 and will be settled into shares of common stocks 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 Total includes an additional 290 shares acquired via an ESPP purchase on 7/31/2022.
F4 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.