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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 TJk5ELXucGpSfydcLpCVvuvA94sdPHhIHALed1j+v0++oKdiKGpleseW+qDkoF8o
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<SEC-DOCUMENT>0001181431-09-047579.txt : 20091013
<SEC-HEADER>0001181431-09-047579.hdr.sgml : 20091012
<ACCEPTANCE-DATETIME>20091013160731
ACCESSION NUMBER:		0001181431-09-047579
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091008
FILED AS OF DATE:		20091013
DATE AS OF CHANGE:		20091013

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MacDonald Bruce
		CENTRAL INDEX KEY:			0001444276

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-10761
		FILM NUMBER:		091116941

	MAIL ADDRESS:	
		STREET 1:		C/O LTX CORPORATION
		STREET 2:		825 UNIVERSITY AVENUE
		CITY:			NORWOOD
		STATE:			MA
		ZIP:			02062

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LTX-CREDENCE CORP
		CENTRAL INDEX KEY:			0000357020
		STANDARD INDUSTRIAL CLASSIFICATION:	INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
		IRS NUMBER:				042594045
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0731

	BUSINESS ADDRESS:	
		STREET 1:		825 UNIVERSITY AVENUE
		CITY:			NORWOOD
		STATE:			MA
		ZIP:			02062
		BUSINESS PHONE:		7814611000

	MAIL ADDRESS:	
		STREET 1:		825 UNIVERSITY AVENUE
		CITY:			NORWOOD
		STATE:			MA
		ZIP:			02062

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LTX CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd254871.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-10-08</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000357020</issuerCik>
        <issuerName>LTX-CREDENCE CORP</issuerName>
        <issuerTradingSymbol>LTXC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001444276</rptOwnerCik>
            <rptOwnerName>MacDonald Bruce</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>LTX-CREDENCE CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>825 UNIVERSITY AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NORWOOD</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02062</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Vice President -- Marketing</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-10-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4763</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.70</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>307581</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-10-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4763</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.70</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>302818</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-10-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>7859</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.70</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>294959</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Each restricted stock unit represents the right to receive one share of LTX-Credence common stock. These restricted stock unit awards (RSUs) were originally granted on September 13, 2006 with performance based vesting. On October 8, 2008, the vesting of the RSUs was amended in consideration of waiver of rights under a change of control employment agreement to provide that 40% vested on October 8, 2008; 30% vested on October 8, 2009 and the remaining balance will vest on October 8, 2010.</footnote>
        <footnote id="F2">Each restricted stock unit represents the right to receive one share of LTX-Credence common stock.  Under the terms of the RSUs: 25% of the units vested on October 8, 2009; the remaining units will vest in three equal annual installments starting on October 8, 2010.</footnote>
        <footnote id="F3">Each restricted stock unit represents the right to receive one share of LTX-Credence common stock.  Under the terms of the RSUs: 33% of the units vested on October 8, 2009; 33% of the remaining units will vest on October 8, 2010 and 34% will vest on October 8, 2011.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Bruce MacDonald</signatureName>
        <signatureDate>2009-10-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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