Bren D. Higgins - Aug 2, 2021 Form 4 Insider Report for KLA CORP (KLAC)

Signature
/s/ Jeffrey Cannon as Attorney-in-Fact for Bren D. Higgins
Stock symbol
KLAC
Transactions as of
Aug 2, 2021
Transactions value $
-$492,922
Form type
4
Date filed
8/4/2021, 04:49 PM
Previous filing
Aug 3, 2021
Next filing
Aug 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLAC Common Stock - Restricted Stock Units Options Exercise $0 -2.87K -4.02% $0.00 68.7K Aug 2, 2021 Direct F1, F2, F3
transaction KLAC Common Stock Options Exercise $0 +2.87K +135.12% $0.00 5K Aug 2, 2021 Direct F2
transaction KLAC Common Stock Tax liability -$493K -1.43K -28.49% $345.91 3.58K Aug 2, 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of KLA common stock.
F2 On August 2, 2018, the Reporting Person was granted RSUs for 11,495 shares of KLA common stock. On August 2, 2021, 25% of the RSUs vested.
F3 Does not include performance-based RSUs, if any, held by the Reporting Person for which an assessment has not yet been made regarding the achievement of the applicable performance goals. Any such holdings will be reported on a Form 4 within two business days of the date such assessment is made.
F4 Pursuant to the terms of the grant, shares of KLA common stock were automatically withheld at vesting to cover required tax withholding. The fair market value of KLA common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA common stock as reported on August 2, 2021.