MIKE SLESSOR - 19 Jul 2021 Form 4 Insider Report for FORMFACTOR INC (FORM)

Signature
By: /s/Jason Cohen, Attorney-in-Fact For: Mike Slessor
Issuer symbol
FORM
Transactions as of
19 Jul 2021
Transactions value $
-$2,419,854
Form type
4
Filing time
21 Jul 2021, 15:17:42 UTC
Previous filing
07 Jun 2021
Next filing
03 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORM Common Stock Options Exercise $0 +132K +38.6% $0.00 474K 19 Jul 2021 Direct F1, F2
transaction FORM Common Stock Tax liability -$2.42M -71.3K -15.03% $33.96 403K 19 Jul 2021 Direct

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 Performance Shares Award $0 +132K $0.00 132K 19 Jul 2021 Common Stock 132K $0.00 Direct F1, F3
transaction FORM Performance Shares Options Exercise $0 -132K -100% $0.00* 0 19 Jul 2021 Common Stock 132K $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Performance-based RSU's will become vested as to 100% of the total number of PRSUs earned based on the results of the performance goal July 1, 2018 - June 30, 2021 on the date the performance conditions are determined to be satisfied.
F2 The Performance-Based Restricted Stock Units released were settled in shares of common stock and were immediately cancelled upon settlement.
F3 If the reporting person's employment is terminated for any reason before an applicable vesting date, all Performance-Based 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.