MIKE SLESSOR - 19 Jul 2022 Form 4 Insider Report for FORMFACTOR INC (FORM)

Role
CEO, Director
Signature
By: /s/ Stan Finkelstein, Attorney-in-Fact for Mike Slessor
Issuer symbol
FORM
Transactions as of
19 Jul 2022
Transactions value $
-$2,628,739
Form type
4
Filing time
21 Jul 2022, 16:21:51 UTC
Previous filing
08 Jun 2022
Next filing
31 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORM Common Stock Options Exercise $0 +136K +33.81% $0.00 540K 19 Jul 2022 Direct F1, F2
transaction FORM Common Stock Tax liability -$2.63M -67.6K -12.53% $38.87 472K 19 Jul 2022 Direct F3

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 +136K $0.00 136K 19 Jul 2022 Common Stock 136K $0.00 Direct F1, F4
transaction FORM Performance Shares Options Exercise $0 -136K -100% $0.00* 0 19 Jul 2022 Common Stock 136K $0.00 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Performance-based RSUs will become vested as to 100% of the total number of PRSUs earned based on results of the performance goal July 1, 2019 - June 30, 2022 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 Represents the number of shares withheld upon vesting of performance restricted stock units to cover tax withholding obligations.
F4 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 equity vesting and exercisability between the reporting person and Issuer, which agreements or form agreements are filed with the SEC.