Sec Form 4 Filing - Oldham Paul R @ ELECTRO SCIENTIFIC INDUSTRIES INC - 2017-11-09

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, 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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1. Name and Address of Reporting Person Oldham Paul R 2. Issuer Name and Ticker or Trading Symbol ELECTRO SCIENTIFIC INDUSTRIES INC [ ESIO] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) CFO, Sr. VP of Finance (Last) (First) (Middle) 13900 NW SCIENCE PARK DR. 3. Date of Earliest Transaction (MM/DD/YY) 11/09/2017 (Street) PORTLAND, OR97229 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 11/09/2017 M 10,000 A $ 15.78 237,665.22 D Common Stock 11/09/2017 S 10,000 ( 1 ) D $ 23.4763 227,665.22 D Common Stock 11/09/2017 M 20,000 A $ 18.11 247,665.22 D Common Stock 11/09/2017 S 20,000 ( 1 ) D $ 23.4907 227,665.22 D Common Stock 11/09/2017 M 90,000 A $ 7.26 317,665.22 D Common Stock 11/09/2017 S 90,000 ( 1 ) D $ 23.4871 227,665.22 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Incentive Stock Option (right to buy) $ 15.78 11/09/2017 M 10,000 05/15/2009( 2 ) 05/14/2018 Common Stock 10,000 $ 0 5,000 D Non-Qualified Stock Option (right to buy) $ 18.11 11/09/2017 M 20,000 01/07/2009( 3 ) 01/06/2018 Common Stock 20,000 $ 0 60,000 D Stock Appreciation Rights $ 7.26 11/09/2017 M 90,000 05/14/2010( 4 ) 05/13/2019 Common Stock 90,000 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Oldham Paul R 13900 NW SCIENCE PARK DR. PORTLAND, OR97229 CFO, Sr. VP of Finance Signatures By: Aric McKinnis, Attorney-in-Fact For: Paul R. Oldham 11/13/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. ( 2 )Option originally granted on May 15, 2008 and provided for vesting in four equal annual installments commencing on May 15, 2009. ( 3 )Option originally granted on January 7, 2008 and provided for vesting in four equal annual installments commencing on January 7, 2009. ( 4 )The SOSAR was originally granted on May 14, 2009 and provided for vesting in four equal annual installments commencing on May 14, 2010.

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).

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