Mary G. Puma - 15 May 2023 Form 4 Insider Report for AXCELIS TECHNOLOGIES INC (ACLS)

Role
Executive Chairperson, Director
Signature
Lynnette C. Fallon, as attorney in fact for Mary G. Puma
Issuer symbol
ACLS
Transactions as of
15 May 2023
Net transactions value
-$1,264,797
Form type
4
Filing time
16 May 2023, 18:37:24 UTC
Previous filing
11 May 2023
Next filing
18 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACLS Common Stock Award $0 +12,018 +3.6% $0.000000 344,430 15 May 2023 Direct F1, F2
transaction ACLS Common Stock Tax liability $646,350 -5,050 -1.5% $127.99 339,380 15 May 2023 Direct F3, F4, F5
transaction ACLS Common Stock Tax liability $618,448 -4,832 -1.4% $127.99 334,548 15 May 2023 Direct F3, F4, F6
holding ACLS Common Stock 5,000 15 May 2023 Held by Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 2023 performance goals. Assuming continuation of employment, 100% of the earned shares will vest on February 28, 2024. Unearned restricted stock units will forfeit on February 28, 2024.
F2 Of the shares held after the grant on May 15, 2023, 102,239 shares were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
F3 These shares were withheld by the Company to cover the tax withholding obligations of the executive on the vesting of restricted stock units.
F4 Represents the closing price of the common stock on the date of the tax withholding.
F5 Of the shares held after this first tax withholding forfeiture (and related vesting) on May 15, 2023, 90,853 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 Of the shares held after this second tax withholding forfeiture (and related vesting) on May 15, 2023, 79,958 shares were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.