Sec Form 4 Filing - Sechrist Paul F @ COHERENT INC - 2017-11-03

Insider filing report for Changes in Beneficial Ownership
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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
Sechrist Paul F
2. Issuer Name and Ticker or Trading Symbol
COHERENT INC [ COHR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP Worldwide Sales & Services
(Last) (First) (Middle)
5100 PATRICK HENRY DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
11/03/2017
(Street)
SANTA CLARA, CA95054
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 11/03/2017 M 2,092 A $ 0 3,864 D
Common Stock 11/03/2017 F 787 ( 1 ) D $ 259.87 3,077 D
Common Stock 11/03/2017 M 3,138 A $ 0 6,215 D
Common Stock 11/03/2017 A 3,138 ( 2 ) A $ 0 9,353 D
Common Stock 11/03/2017 F 3,112 ( 1 ) D $ 259.87 6,465 ( 3 ) D
Common Stock 11/03/2017 A 2,497 ( 4 ) A $ 0 8,962 ( 5 ) 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. Transact ion 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
Restricted Stock Units $ 0 11/03/2017 M 2,092 11/03/2017 11/03/2017 Common Stock 2,092 $ 0 124,300 D
Performance Restricted Stock Units $ 0 11/03/2017 M 3,138 ( 6 ) 11/03/2017 Common Stock 3,138 $ 0 121,162 D
Performance Restricted Stock Units $ 0 11/03/2017 A 2,088 ( 7 ) 11/03/2020 Common Stock 2,088 $ 0 2,088 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sechrist Paul F
5100 PATRICK HENRY DRIVE
SANTA CLARA, CA95054
EVP Worldwide Sales & Services
Signatures
/s/ Paul Sechrist 11/07/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares withheld to satisfy minimum tax withholding obligations for released restricted stock units.
( 2 )Additional shares acquired pursuant to the maximum achievement of the performance criteria beyond the target number, as described in footnote (6) on Table II.
( 3 )Includes (i) 205 shares acquired by the Reporting Person on April 28, 2017 pursuant to the Company's Employee Stock Purchase Plan; and (ii) 19 shares acquired by the Reporting Person on October 31, 2017 pursuant to the Company's Employee Stock Purchase Plan.
( 4 )On November 3, 2017 the Reporting Person was granted 2,497 Restricted Stock Units which will vest in three equal installments on each of November 3, 2018, November 3, 2019 and November 3, 2020.
( 5 )Includes 2,497 shares Restricted Stock Units.
( 6 )This Performance Restricted Stock Unit award vested on the three year anniversary of the grant based on the relative performance of the underlying stock versus the Russell 2000 Index for the 90 trading days on and prior to November 3, 2017 versus the same 90 trading day period ending November 3, 2014. The number of shares in the table reflects the number of RSUs at target. The actual range of RSUs is 0-200% of the target number, depending upon what achievement, if any, results at the measurement date.
( 7 )This Performance Restricted Stock Unit award vests after the three year anniversary of the grant based on the relative performance of the underlying stock versus the Russell 1000 Index for the 90 trading days on and prior to November 3, 2020 versus the same 90 trading day period ending November 3, 2017. The number of shares in the table reflects the number of RSUs at target. The actual range of RSUs is 0-200% of the target number, depending upon what achievement, if any, results at the measurement date.

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