Form 4 for ACLS AXCELIS TECHNOLOGIES INC

Accepted 2023-05-16 00:00:00 ET · period of report 2023-05-15 · accession 0001209191-23-029835 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2023-05-16	2023-05-15	ACLS	Redinbo Greg	EVP Marketing, Applications	A - Grant	$0.00	+4,808	19.7K	+32%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-05-15	A	A	2,404	$0.00	17,323	D	—	—	(F1) 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 15, 2024, May 15, 2025, May 15, 2026 and May 15, 2027. (F2) Of the shares held after this first grant on May 15, 2023, 15,300 were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
2	Common	Common Stock	2023-05-15	A	A	2,404	$0.00	19,727	D	—	—	(F3) 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,50% of the earned shares will vest on February 28, 2024 and 50% of the earned shares will vest on February 28, 2025. Unearned restricted stock units will forfeit on February 28, 2024. (F4) Of the shares held after this second grant on May 15, 2023, 17,704 shares were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.