Mary G. Puma - 15 May 2022 Form 4 Insider Report for AXCELIS TECHNOLOGIES INC (ACLS)

Signature
Lynnette C. Fallon, as attorney in fact for Mary G. Puma
Issuer symbol
ACLS
Transactions as of
15 May 2022
Net transactions value
-$956,240
Form type
4
Filing time
18 May 2022, 16:58:47 UTC
Previous filing
16 Mar 2022
Next filing
12 Aug 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACLS Common Stock Tax liability $284,719 -5,050 -1.3% $56.38 388,851 15 May 2022 Direct F1, F2, F3
transaction ACLS Common Stock Tax liability $272,428 -4,832 -1.2% $56.38 384,019 15 May 2022 Direct F1, F2, F4
transaction ACLS Common Stock Tax liability $203,363 -3,607 -0.94% $56.38 380,412 16 May 2022 Direct F1, F2, F5
transaction ACLS Common Stock Award $0 +21,008 +5.5% $0.000000 401,420 16 May 2022 Direct F6, F7
transaction ACLS Common Stock Award $0 +21,008 +5.2% $0.000000 422,428 16 May 2022 Direct F8, F9
transaction ACLS Common Stock Tax liability $195,730 -3,232 -0.77% $60.56 419,196 17 May 2022 Direct F1, F2, F10
holding ACLS Common Stock 5,000 15 May 2022 By spouse
* 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, 2022, 103,201 shares 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, 2022, 92,307 shares 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, 2022, 84,176 shares were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
F6 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 16, 2023, May 16, 2024, May 16, 2025 and May 16, 2026.
F7 Of the shares held after this first grant on May 16, 2022, 105,184 were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
F8 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 2022 performance goals. Assuming continuation of employment,50% of the earned shares will vest on each of February 28, 2023 and February 28, 2024. Unearned restricted stock units will forfeit on February 28, 2023.
F9 Of the shares held after this second grant on May 16, 2022, 126,192 shares were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
F10 Of the shares held after this tax withholding forfeiture (and related vesting) on May 17, 2022, 118,906 shares were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.