Jeffrey Rittichier - Apr 25, 2022 Form 4 Insider Report for EMCORE CORP (EMKR)

Role
Chief Executive Officer, Director
Signature
/s/ Ryan Hochgesang, attorney in fact
Stock symbol
EMKR
Transactions as of
Apr 25, 2022
Transactions value $
-$72,777
Form type
4
Date filed
4/27/2022, 04:08 PM
Previous filing
Apr 5, 2022
Next filing
Mar 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EMKR Common Stock Options Exercise +38.5K +10.06% 421K Apr 25, 2022 Direct F1, F2
transaction EMKR Common Stock Tax liability -$72.8K -20.9K -4.97% $3.48* 400K Apr 25, 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 EMKR Performance-Based Restricted Stock Units (PSUs) Options Exercise -100K -10.69% 835K Apr 25, 2022 Emcore Common Stock 100K Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Issuer common stock subject to an award of performance-based restricted stock units ("PSUs") that vests based on the Issuer's total shareholder return ("TSR") compared to pre-established TSR goals, based on the TSR of the Russell Microcap Index, that were set by the Compensation Committee of the Board of Directors. The Compensation Committee determined on April 25, 2022 that the number of PSUs earned was 38.48% of the target number of PSUs subject to the second tranche of the award.
F2 The PSUs were awarded to the Reporting Person for no cash or other similar consideration.
F3 Represents the number of shares required to be withheld in accordance with Rule 16b-3 to cover the Reporting Person's tax withholding obligations in connection with the vesting of the PSUs reported herein.
F4 Each PSU represented a contingent right to receive one share of the Issuer's common stock, based on the Issuer's TSR compared to pre-established relative TSR goals, based on the TSR of the Russell Microcap Index, that were set by the Compensation Committee of the Board of Directors. The aggregate number of shares issued may range from zero (0) to 200% of the target number of shares granted.
F5 PSUs that become vested and nonforfeitable are paid in shares of Common Stock as soon as practicable following the vesting date.