Ultratech, Inc.
ULTRATECH INC (Form: 4, Received: 05/31/2017 18:46:48)
FORM 4
[ X ] 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)

5/26/2017
(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   5/26/2017     D    61000   D $30.16   (1) 0   (2) 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)   $12.25   5/26/2017     D         1200    12/31/2010   (3) 2/7/2020   (3) Common Stock   1200   $30.16   0   D    
Incentive Stock Option (right to buy)   $15.65   5/26/2017     D         1200    12/31/2010   (3) 4/25/2020   (3) Common Stock   1200   $30.16   0   D    
Incentive Stock Option (right to buy)   $18.65   5/26/2017     D         1106    12/31/2010   (3) 10/25/2020   (3) Common Stock   1106   $30.16   0   D    
Incentive Stock Option (right to buy)   $18.92   5/26/2017     D         1200    12/31/2010   (3) 7/25/2020   (3) Common Stock   1200   $30.16   0   D    
Incentive Stock Option (right to buy)   $22.0   5/26/2017     D         601    12/31/2011   (3) 10/23/2021   (3) Common Stock   601   $30.16   0   D    
Incentive Stock Option (right to buy)   $22.53   5/26/2017     D         679    12/31/2011   (3) 1/30/2021   (3) Common Stock   679   $30.16   0   D    
Incentive Stock Option (right to buy)   $27.75   5/26/2017     D         1254    12/31/2011   (3) 7/24/2021   (3) Common Stock   1254   $30.16   0   D    
Incentive Stock Option (right to buy)   $28.92   5/26/2017     D         640    12/31/2012   (3) 10/21/2022   (3) Common Stock   640   $30.16   0   D    
Incentive Stock Option (right to buy)   $30.12   5/26/2017     D         640    12/31/2012   (3) 7/22/2022   (3) Common Stock   640   $30.16   0   D    
Incentive Stock Option (right to buy)   $30.91   5/26/2017     D         4042    12/31/2011   (3) 4/25/2021   (3) Common Stock   4042   $30.16   0   D    
Incentive Stock Option (right to buy)   $31.24   5/26/2017     D         1859    12/31/2012   (3) 4/22/2022   (3) Common Stock   1859   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $17.3   5/26/2017     D         750    12/31/2014   (3) 10/26/2024   (3) Common Stock   750   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $18.65   5/26/2017     D         95    12/31/2010   (3) 10/25/2020   (3) Common Stock   95   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $22.0   5/26/2017     D         2999    12/31/2011   (3) 10/23/2021   (3) Common Stock   2999   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $22.53   5/26/2017     D         2922    12/31/2011   (3) 1/30/2021   (3) Common Stock   2922   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $24.1   5/26/2017     D         750    12/31/2014   (3) 7/20/2024   (3) Common Stock   750   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $25.31   5/26/2017     D         750    12/31/2014   (3) 2/2/2024   (3) Common Stock   750   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $26.75   5/26/2017     D         750    12/31/2014   (3) 4/27/2024   (3) Common Stock   750   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $27.75   5/26/2017     D         2346    12/31/2011   (3) 7/24/2021   (3) Common Stock   2346   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $28.92   5/26/2017     D         5120    12/31/2012   (3) 10/21/2022   (3) Common Stock   5120   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $30.12   5/26/2017     D         5120    12/31/2012   (3) 7/22/2022   (3) Common Stock   5120   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $30.91   5/26/2017     D         6758    12/31/2011   (3) 4/25/2021   (3) Common Stock   6758   $30.16   0   D    
Non-Qualified Stock Option (right to buy)   $31.24   5/26/2017     D         11581    12/31/2012   (3) 4/22/2022   (3) Common Stock   11581   $30.16   0   D    

Explanation of Responses:
(1)  Disposed of pursuant to the Agreement and Plan of Merger dated February 2, 2017 by and among Ultratech, Inc. ("Ultratech"), Veeco Instruments Inc., a Delaware corporation ("Veeco") and Ulysses Acquisition Subsidiary Corp., a Delaware corporation and a wholly owned subsidiary of Veeco (the "Merger Agreement"), whereby each share of Ultratech common stock outstanding immediately prior to the closing of the transactions contemplated under the Merger Agreement (the "Merger") was converted into the right to receive (i) $21.75 in cash without interest (the "Cash Consideration") and (ii) 0.2675 of a share of Veeco common stock (the "Stock Consideration"). The number of shares includes 32,800 Ultratech restricted stock units that were outstanding and vested at the time of the Merger ("Vested RSUs") and 28,200 Ultratech restricted stock units that remained outstanding and unvested at the time of the Merger ("Unvested RSUs").
(2)  In connection with the Merger, each Vested RSU was cancelled and converted into the right to receive the sum of (a) the Cash Consideration, plus (b) the product of (i) the Stock Consideration multiplied by (ii) the volume weighted average trading price of Veeco's common stock for the five consecutive trading days ending on the trading day immediately preceding the closing date of the Merger ( the "Equity Award Merger Consideration"). In connection with the Merger, each Unvested RSU was assumed by Veeco and converted into the right to receive a number of shares of Veeco common stock (with the number of shares of Veeco common stock determined by dividing the Equity Award Merger Consideration by the volume weighted average trading price of Veeco's common stock for the five consecutive trading days ending on the trading day immediately preceding the closing date of the Merger ).
(3)  In connection with the Merger, the stock option was cancelled and converted into the right to receive, for each share of Ultratech common stock that was subject to such cancelled option, the excess, if any, of (A) the Equity Award Merger Consideration, over (B) the exercise price per share subject to such cancelled Option.

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 5/31/2017
** 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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