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 (RSUs)
(1)
|
Â
(2)
|
Â
(2)
|
Common Stock
|
25,000
(1)
|
$
0
(1)
|
D
|
Â
|
Performance-Based Restricted Stock Units (PSUs)
(3)
|
Â
(4)
|
Â
(4)
|
Common Stock
|
25,000
(3)
|
$
0
(3)
|
D
|
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) |
Each RSU represents a contingent right to receive one share of EMCORE common stock. |
(2) |
RSUs vest as to 6,250 shares on each of June 8, 2018, 2019, 2020 and 2021, in each case subject to the Reporting Person's continued service with the Issuer through the applicable vesting date. |
(3) |
Each PSU represents a contingent right to receive one share of EMCORE common stock, based on the Issuer's total shareholder return (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 reported in column 3 of this report. |
(4) |
Between zero (0) and 200% of the PSUs will vest, if at all, on December 28, 2020. |