Mary Puma - May 15, 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
Stock symbol
ACLS
Transactions as of
May 15, 2023
Transactions value $
-$1,264,797
Form type
4
Date filed
5/16/2023, 06:37 PM
Previous filing
May 11, 2023
Next filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACLS Common Stock Award $0 +12K +3.62% $0.00 344K May 15, 2023 Direct F1, F2
transaction ACLS Common Stock Tax liability -$646K -5.05K -1.47% $127.99 339K May 15, 2023 Direct F3, F4, F5
transaction ACLS Common Stock Tax liability -$618K -4.83K -1.42% $127.99 335K May 15, 2023 Direct F3, F4, F6
holding ACLS Common Stock 5K May 15, 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.