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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance Restricted Stock Unit | $ 0 (2) | 02/01/2010(3) | A | 56,000 | (3) | (3) | Common Stock | 56,000 | $ 0 | 96,000 | D | ||||
Restricted Stock Unit (RSU) | $ 0 (2) | 01/30/2010 | M | 10,000 | (4) | (4) | Common Stock | 10,000 | $ 0 | 14,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PLOFSKY JORDAN 101 INNOVATION DRIVE SAN JOSE, CA 95134 |
Sr VP & GM Penang Operation |
Jordan Plofsky | 02/02/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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) | Shares withheld to cover required tax withholding on RSU shares released on January 30, 2010. |
(2) | Each Restricted Stock Unit represents a contingent right to receive one share of Altera common stock at no cost. |
(3) | The Compensation Committee of Altera Corporation's Board of Directors previously approved a grant effective on March 2, 2009 of performance-based Restricted Stock Units such that 100% of the vesting would be contingent on the Company achieving net income from continuing operations as a percentage of net sales of 17% or greater for fiscal year 2009. After achievement of the performance metric, the RSUs are still subject to a service requirement such that they will vest 25% annually commencing July 31, 2010. Effective February 1, 2010 the Compensation Committee certified that the Company achieved the performance metric for fiscal year 2009. |
(4) | Twenty five percent (25%) of the Restricted Stock Unit granted on 1/30/2006 became vested on January 30, 2010 and shares were delivered to the reporting person on that date. |