Kevin Brewer - May 15, 2021 Form 4 Insider Report for AXCELIS TECHNOLOGIES INC (ACLS)

Signature
Lynnette C. Fallon, as attorney in fact for Kevin J. Brewer
Stock symbol
ACLS
Transactions as of
May 15, 2021
Transactions value $
-$263,342
Form type
4
Date filed
5/18/2021, 05:32 PM
Next filing
Aug 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACLS Common Stock Tax liability -$73.6K -1.93K -2.52% $38.16 74.5K May 15, 2021 Direct F1, F2, F3
transaction ACLS Common Stock Tax liability -$70.4K -1.84K -2.47% $38.16 72.7K May 15, 2021 Direct F1, F2, F4
transaction ACLS Common Stock Tax liability -$66.5K -1.74K -2.4% $38.16 71K May 16, 2021 Direct F1, F2, F5
transaction ACLS Common Stock Tax liability -$52.9K -1.39K -1.95% $38.16 69.6K May 17, 2021 Direct F1, F2, F6
transaction ACLS Common Stock Award $0 +8.74K +12.57% $0.00 78.3K May 17, 2021 Direct F7, F8
transaction ACLS Common Stock Award $0 +8.74K +11.16% $0.00 87.1K May 17, 2021 Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were withheld by the Company to cover the tax withholding obligations of the executive on the vesting of restricted stock units.
F2 Represents the closing price of the common stock on the date of the tax withholding.
F3 Of the shares held after this first tax withholding forfeiture (and related vesting) on May 15, 2021, 44,615 were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
F4 Of the shares held after this second tax withholding forfeiture (and related vesting) on May 15, 2021, 40,458 were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
F5 Of the shares held after this tax withholding forfeiture (and related vesting) on May 16, 2021, 36,528 were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
F6 Of the shares held after this tax withholding forfeiture (and related vesting) on May 17, 2021, 33,403 were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
F7 These shares are issuable on vesting of restricted stock units granted under the Company's 2012 Equity Incentive Plan. Assuming continuation of employment, 25% of these restricted stock units will vest on each of May 17, 2022, May 17, 2023, May 17, 2024 and May 17, 2025.
F8 Of the shares held after this first grant on May 17, 2021, 42,146 were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
F9 In this grant under the Company's 2012 Equity Incentive Plan, the executive may earn shares of common stock, ranging from zero to 150% of the granted units. The shares are earned based on the achievement of 2021 performance goals. Assuming continuation of employment,50% of the earned shares will vest on each of February 28, 2022 and February 28, 2023. Unearned restricted stock units will forfeit on February 28, 2022.
F10 Of the shares held after this second grant on May 17, 2021, 50,889 were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.