FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 05/15/2008 |
3. Issuer Name and Ticker or Trading Symbol
ELECTRO SCIENTIFIC INDUSTRIES INC [ ESIO ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) 05/23/2008 |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 75,518 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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: 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 | ||||
Incentive Stock Option (right to buy) | (1) | 05/14/2018 | Common Stock | 6,886 | $16.58 | D | |
Incentive Stock Option (right to buy) | (2) | 08/14/2013 | Common Stock | 6,124 | $16.93 | D | |
Incentive Stock Option (right to buy) | (3) | 07/24/2017 | Common Stock | 14,000 | $22.83 | D | |
Non-Qualified Stock Option (right to buy) | (1) | 05/14/2018 | Common Stock | 6,114 | $16.58 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 08/14/2013 | Common Stock | 2,752 | $16.93 | D | |
Non-Qualified Stock Option (right to buy) | (4) | 07/20/2015 | Common Stock | 44,000 | $19.84 | D | |
Non-Qualified Stock Option (right to buy) | (5) | 05/24/2016 | Common Stock | 15,000 | $20 | D | |
Non-Qualified Stock Option (right to buy) | (6) | 10/28/2013 | Common Stock | 10,000 | $24.52 | D | |
Non-Qualified Stock Option (right to buy) | (7) | 07/12/2014 | Common Stock | 19,608 | $25.5 | D | |
Non-Qualified Stock Option (right to buy) | (6) | 04/05/2011 | Common Stock | 7,085 | $27 | D | |
Non-Qualified Stock Option (right to buy) | (6) | 04/16/2012 | Common Stock | 10,190 | $34.57 | D | |
Non-Qualified Stock Option (right to buy) | (3) | 04/13/2010 | Common Stock | 7,800 | $52.75 | D |
Explanation of Responses: |
1. The ISO and NQ granted on this date vest together for 25% of the total shares on the first four anniversaries of the grant date. |
2. The ISO and NQ granted on this date vest together for 25% of the total shares on the first four anniversaries of the grant date. The original grants were for a total of 25,000 shares. The reporting person exercised 17,500 ISO shares prior to becoming subject to Section 16, leaving 6,124 ISO shares exercisable and 1,376 NQ shares exercisable. The original Form 3 reported the total shares originally granted without reflecting shares already exercised. |
3. Option becomes exercisable for 25% of the shares on the first four anniversaries of the grant date. |
4. Option becomes 100% exercisable on 5/26/06. The shares underlying the option are restricted from being sold for a period of 3 years from the grant date. |
5. Shares under options granted on 5/24/06 become 100% exercisable on 5/26/06. Shares underlying the option are restricted from being sold for a period of 3 years from the grant date. The sale restriction lapses with regard to 1/3 of the total shares on each of the first three anniversaries of the grant date. |
6. Options become exercisable for 25% of the shares on the first four anniversaries of the grant date. Effective June 28, 2004 the vesting of the option was accelerated to be 100% vested on June 28, 2004. As a result of this vesting acceleration, the original ISO / NQ split of the total shares granted was adjusted if necessary to comply with the IRS limitation. |
7. The ISO and NQ granted on this date vest together for 25% of the total shares on the first four anniversaries of the grant date. Effective January 25,2005, the vesting of the option was accelerated to be 100% vested on January 25, 2005. As a result of this vesting acceleration, the original ISO / NQ split of the total shares granted was adjusted if necessary to comply with the IRS limitation. |
Steven L Harris | 06/04/2008 | |
** 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 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). | ||
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. |