Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-23-014083
Date:2023-02-28
Issuer: AXCELIS TECHNOLOGIES INC (ACLS)
Original Submission Date:

Reporting Person:

BREWER KEVIN J
C/O AXCELIS TECHNOLOGIES, INC.
108 CHERRY HILL DRIVE BEVERLY, MA 01915

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2023-02-28 F 1,965 d $0.00 48,527 direct
COMMON STOCK 2023-02-28 F 1,704 d $0.00 46,823 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 this forfeiture of shares for tax withholding purposes relates to the vesting on february 28, 2023 of the remainder of performance based restricted stock units granted to the executive in may 2021. these shares were determined to be earned by the executive pursuant to a resolution of the axcelis technologies, inc. compensation committee on february 15, 2022, and half of the earned shares vested on february 28, 2022. as agreed with the executive, the shares issued to the executive on the vested shares were reduced by a number of shares having a value equal to the executive's tax withholding obligation with respect to the vested shares.
f2 these shares were withheld by the company to cover the tax withholding obligations of the executive on the vesting of restricted stock units on february 28, 2023.
f3 of the shares beneficially owned by the executive on february 28, 2023 after the vesting of the 2021 performance based restricted stock units, 34,027 shares were issuable on vesting of restricted stock units which are subject to forfeiture. this number includes 4,255 shares issuable under the executive's 2022 performance based restricted stock units, which also vested on february 28, 2023.
f4 this forfeiture of shares for tax withholding purposes relates to the vesting on february 28, 2023 of the first half of shares earned under performance based restricted stock units granted to the executive in may 2022. these shares were determined to be earned by the executive pursuant to a resolution of the axcelis technologies, inc. compensation committee on february 16, 2023. the second half of the shares earned under this restricted stock unit award will vest on february 28, 2024, assuming continuation of the executive's services. as agreed with the executive, the shares issued to the executive on the vested shares were reduced by a number of shares having a value equal to the executive's tax withholding obligation with respect to the vested shares.
f5 of the shares beneficially owned by the executive on february 28, 2023 after the vesting of shares issued on both the 2021 performance based restricted stock units and the 2022 performance based restricted stock units, 29,772 shares were issuable on vesting of restricted stock units which are subject to forfeiture.
WhaleWisdom Logo

Elevate your investments