Sec Form 4 Filing - Chylak Robert Nestor @ KULICKE & SOFFA INDUSTRIES INC - 2022-12-11

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
Chylak Robert Nestor
2. Issuer Name and Ticker or Trading Symbol
KULICKE & SOFFA INDUSTRIES INC [ KLIC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last) (First) (Middle)
1005 VIRGINIA DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
12/11/2022
(Street)
FORT WASHINGTON, PA19034
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 12/11/2022 M 2,432( 1 ) A $ 0 26,909 D
Common Stock 12/11/2022 M 1,174( 2 ) A $ 0 28,083 D
Common Stock 12/11/2022 F 995( 3 ) D $ 47.06 27,088 D
Common Stock 12/11/2022 F 217( 4 ) D $ 47.06 26,871 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 Securi ty: 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 Share Units $ 0 12/11/2022 M 2,432 ( 1 ) ( 1 ) Common Stock 2,432 $ 47.06 0 D
Performance Share Units $ 0 12/11/2022 M 1,174 ( 2 ) ( 2 ) Common Stock 1,174 $ 47.06 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Chylak Robert Nestor
1005 VIRGINIA DRIVE
FORT WASHINGTON, PA19034
Senior Vice President
Signatures
Zi Yao Lim, Attorney-in-Fact for Robert Nestor Chylak 12/13/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Performance Share Units (PSUs) awarded December 11, 2019, achieved a 138% pay-out based on total shareholder return (TSR) relative to a peer group. The peer group consisted of the companies of the GICS 45301020 (Semiconductors) not including companies traded on the Pink Sheets LLC Exchange as of the beginning of the Performance Period with relative TSR measured over a three-year period. The pay-out was certified, and shares issued on December 11, 2022. Each PSU is convertible to one share of common stock.
( 2 )Performance Share Units (PSUs) awarded December 11, 2019 achieved a 200% payout based on the greater of absolute revenue growth or relative performance against each direct competitor for each year of the three-year performance period. The payout was certified and the shares issued on December 11, 2022. Each PSU is convertible into one share of common stock.
( 3 )Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with issuance of 3,606 shares of common stock arising from payout under the Performance Share Units (PSUs) awarded on December 11, 2019. The payment was certified and the shares were issued on December 11, 2022, each PSU convertible into one share of common stock. These shares were not issued to or sold by the Reporting Person.
( 4 )Represents shares automatically withheld for payment of tax liability arising as a result of the partial settlement of a restricted stock unit award (RSU) originally granted on December 11, 2019. On December 11, 2022, 784 shares of common stock had vested under the RSU.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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