1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Restricted Stock Units
(2)
|
Â
(2)
|
Â
(2)
|
Common Stock
|
17,578
(2)
|
$
0
(2)
|
D
|
Â
|
Performance-Based Restricted Stock Units (PSUs)
(3)
|
Â
(3)
|
Â
(3)
|
Common Stock
|
12,127
(3)
|
$
0
(3)
|
D
(3)
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
1,992 shares owned as of March 16, 2017. . |
(2) |
Includes (a) 8,471 shares of restricted stock that vest 2,118 shares on December 14, 2017, 2018 and 2019 and 2,117 shares on December 14, 2020; (b) 5,638 shares of restricted stock that vest in two equal annual installments beginning on February 16, 2018; and (c) 3,469 shares of restricted stock that vest on March 9, 2018. |
(3) |
Includes 12,127 of target restricted performance stock units ("PSUs") that vest on December 14, 2019. The PSUs issued will vest based on a combination of the relative total shareholder return of EMCORE's stock compared to the Russell Microcap Index and the employee's continued employment. The total number of shares to be issued may range from zero (0) to 200% of the target PSUs granted. |