SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Keck David W

(Last) (First) (Middle)
GT ADVANCED TECHNOLOGIES INC.
243 DANIEL WEBSTER HIGHWAY

(Street)
MERRIMACK NH 03054

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GT Advanced Technologies Inc. [ GTAT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Exec.VP, Worldwide Sales/Svcs.
3. Date of Earliest Transaction (Month/Day/Year)
01/15/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $.01 01/15/2014 M 28,571 A $0 190,115 D
Common Stock, par value $.01 01/15/2014 F 9,528(1) D $9.16 180,587 D
Common Stock, par value $.01 01/15/2014 M 28,571 A $0 209,158 D
Common Stock, par value $.01 01/15/2014 F 10,039(1) D $9.16 199,119 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Rights (2) 01/15/2014 M 28,571 (3) 01/15/2020 Common Stock, par value $.01 28,571 $0 57,144 D
Restricted Stock Unit (4) 01/15/2014 M 28,571 (5) (5) Common Stock, par value $.01 28,571 $0 57,143 D
Explanation of Responses:
1. These shares were withheld to satisfy the reporting person's tax withholding obligations upon the vesting of restricted stock units on January 15, 2014.
2. Each performance restricted stock unit ("PRSU") represents the contingent right to receive one share of common stock of GT Advanced Technologies Inc. The PRSUs are earned based upon the achievement of increases in the Company's stock price as measured by the average closing price of the Company's common stock on the NASDAQ Global Select Market for any twenty consecutive trading day period after the date of grant.
3. One-Third of earned PRSU's may not vest any earlier than the first, second and third anniversaries of the date of grant, respectively.
4. Each restricted stock unit represents the right to receive one share of common stock of GT Advanced Technologies Inc.
5. The restricted stock units vest one-third on each of January 15, 2014, January 15, 2015 and January 15, 2016. Shares of common stock are delivered to the reporting person on vesting.
Remarks:
/s/Allison G. Pellegrino, under power of attorney 01/17/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.