Ultratech, Inc.
ULTRATECH INC (Form: 4, Received: 05/09/2017 13:16:03)
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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Ghosh Dave
2. Issuer Name and Ticker or Trading Symbol

ULTRATECH INC [ UTEK ]
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, Global
(Last)          (First)          (Middle)

3050 ZANKER ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

5/5/2017
(Street)

SAN JOSE, CA 95134
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/5/2017     M    332   A $18.65   66704   (1) D    
Common Stock   5/5/2017     S    332   D $30.5425   (2) 66372   (1) D    
Common Stock   5/5/2017     M    3776   A $18.65   70148   (1) D    
Common Stock   5/5/2017     S    3776   D $30.5425   (2) 66372   (1) D    
Common Stock   5/5/2017     M    4100   A $18.92   70472   (1) D    
Common Stock   5/5/2017     S    4100   D $30.5425   (2) 66372   (1) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)   $18.65   5/5/2017     M         3776    12/31/2010   (3) 10/25/2020   Common Stock   3776   $0.0   1106   D    
Incentive Stock Option (right to buy)   $18.92   5/5/2017     M         4100    12/31/2010   (3) 7/25/2020   Common Stock   4100   $0.0   1200   D    
Non-Qualified Stock Option (right to buy)   $18.65   5/5/2017     M         332    12/31/2010   (3) 10/25/2020   Common Stock   332   $0.0   95   D    

Explanation of Responses:
(1)  Includes 49,520 shares subject to outstanding and unvested restricted stock units that are payable, upon vesting, in Issuer common stock
(2)  Represents the weighted average sale price per share. The actual sale prices ranged from a low of $30.53 per share to a high of $30.57 per share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer full information regarding the number of shares sold at each separate price.
(3)  The option will become exercisable with respect to twelve percent (12%) of the option shares upon the Reporting Person's completion of one (1) year of service with the Issuer after the grant date and the balance of the option shares in eighty-eight (88) successive equal monthly installments upon the Reporting Person's completion of each month of service with the Issuer over the eighty-eight (88) month period measured from the first anniversary of the grant date.The first vesting dates are indicated above.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Ghosh Dave
3050 ZANKER ROAD
SAN JOSE, CA 95134


Senior Vice President, Global

Signatures
Dave Ghosh 5/9/2017
** 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 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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