KLA Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Equity and Long-Term Incentive Compensation Plans

Equity and Long-Term Incentive Compensation Plans

6个月结束了

2017年12月31日

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

EQUITY AND LONG-TERM INCENTIVE COMPENSATION PLANS

NOTE 8 – EQUITY AND LONG-TERM INCENTIVE COMPENSATION PLANS

股权激励计划

作为 12月31日，2017年 , the Company had two plans under which the Company was able to issue equity incentive awards, such as restricted stock units and stock options, to its employees, consultants and members of its Board of Directors: the 2004 Equity Incentive Plan (the “2004 Plan”) and the 1998 Director Plan (the “Outside Director Plan”).

2004 Plan:

The 2004 Plan provides for the grant of options to purchase shares of the Company’s common stock, stock appreciation rights, restricted stock units, performance shares, performance units and deferred stock units to the Company’s employees, consultants and members of its Board of Directors. As of 12月31日，2017年 , 250万 shares were available for issuance under the 2004 Plan.

Any 2004 Plan awards of restricted stock units, performance shares, performance units or deferred stock units with a per share or unit purchase price lower than 100% of fair market value on the grant date are counted against the total number of shares issuable under the 2004 Plan as follows, based on the grant date of the applicable award: (a) for any such awards granted before November 6, 2013, the awards counted against the 2004 Plan share reserve as 1.8 shares for every one share subject thereto; and (b) for any such awards granted on or after November 6, 2013, the awards count against the 2004 Plan share reserve as 2.0 每一个股份都有份额。

In addition, the plan administrator has the ability to grant “dividend equivalent” rights in connection with awards of restricted stock units, performance shares, performance units and deferred stock units before they are fully vested. The plan administrator, at its discretion, may grant a right to receive dividends on the aforementioned awards which may be settled in cash or Company stock at the discretion of the plan administrator subject to meeting the vesting requirement of the underlying awards.

外部总监计划

The Outside Director Plan only permits the issuance of stock options to the non-employee members of the Board of Directors. As of 12月31日，2017年 , 170万 shares were available for grant under the Outside Director Plan.

Equity Incentive Plans - General Information

The following table summarizes the combined activity under the Company’s equity incentive plans for the indicated periods:



(In thousands)	可用的 For Grant ⁽¹⁾
截至2017年6月30日的余额	4,710
Restricted stock units granted ⁽²⁾	(665	)
限制股单位授予调整 ⁽³⁾	33
Restricted stock units canceled	59
截至2017年12月31日的余额	4,137

__________________


(1)	The number of restricted stock units reflects the application of the award multiplier as described above ( 1.8 x or 2.0 x depending on the grant date of the applicable award).

(2)

Includes restricted stock units granted to senior management during the 六 months ended 12月31日，2017年 with performance-based vesting criteria (in addition to service-based vesting criteria for any of such restricted stock units that are deemed to have been earned). As of 12月31日，2017年 ,它尚未决定whi的程度ch (if at all) the performance-based vesting criteria had been satisfied. Therefore, this line item includes all such performance-based restricted stock units granted during the 六 months ended 12月31日，2017年 , reported at the maximum possible number of shares that may ultimately be issuable if all applicable performance-based criteria are achieved at their maximum levels and all applicable service-based criteria are fully satisfied ( 0.3 million shares for the 六 months ended 12月31日，2017年 reflects the application of the multiplier described above).


(3)	g代表了部分限制性股票ranted with performance-based vesting criteria and reported at the actual number of shares issued upon achievement of the performance vesting criteria during the six months ended December 31, 2017.

The fair value of stock-based awards is measured at the grant date and is recognized as an expense over the employee’s requisite service period. For restricted stock units granted without “dividend equivalent” rights, fair value is calculated using the closing price of the Company’s common stock on the grant date, adjusted to exclude the present value of dividends which are not accrued on those restricted stock units. The fair value for restricted stock units granted with “dividend equivalent” rights is determined using the closing price of the Company’s common stock on the grant date. 作为12月31日，2017年 , the Company accrued $7.6 million 应付的股息，其中包括股息日期股息日期所得的特殊现金股息和经常季度现金股息。本公司员工股票采购计划下的购买权的公允价值使用Black-Scholes估值模型确定。beplay官网ued

The following table shows pre-tax stock-based compensation expense for the indicated periods:



	Three months ended 12月31日，				六个月结束了 12月31日，
(In thousands)	2017年		2016年		2017年		2016年
Stock-based compensation expense by:
Costs of revenues	$	1,656	$	1,305	$	3,072	$	2,567
Research and development	2,275		2,052		4,446		4,073
Selling, general and administrative	9,808		9087年		20,252		17,282
Total stock-based compensation expense	$	13,739.	$	12,444	$	27,770.	$	23,922

The following table shows stock-based compensation capitalized as inventory as of the dates indicated below:



(In thousands)	作为 12月31日，2017年		作为 2017年6月30日
Inventory	$	3,039	$	2,820

Restricted Stock Units

下表显示了适用的股票单位和受限制股单位的加权平均拨款日期公允价值，归属于税收，撤回税收，并在此期间没收六 months ended 12月31日，2017年 and restricted stock units outstanding as of 12月31日，2017年 and 2017年6月30日 :



Restricted Stock Units	Shares ⁽¹⁾ (In thousands)		加权平均授予日期 Fair Value
Outstanding restricted stock units as of June 30, 2017 ⁽²⁾	2,241		$	68.24
的确 ⁽²⁾	333		$	91.39
的确adjustments ⁽³⁾	(17	)	$	74.26
归属和发布	（379.	)	$	63.22
Withheld for taxes	（283.	)	$	63.22
没收	(30	)	$	66.10
Outstanding restricted stock units as of December 31, 2017 ⁽²⁾	1,865		$	74.13

__________________


(1)	Share numbers reflect actual shares subject to awarded restricted stock units. As described above, under the terms of the 2004 Plan, the number of shares subject to each award reflected in this number is multiplied by either 1.8 x or 2.0 x (depending on the grant date of the award) to calculate the impact of the award on the share reserve under the 2004 Plan.

(2)

Includes restricted stock units granted to senior management with performance-based vesting criteria (in addition to service-based vesting criteria for any of such restricted stock units that are deemed to have been earned). As of 12月31日，2017年 ,它尚未决定whi的程度ch (if at all) the performance-based vesting criteria had been satisfied. Therefore, this line item includes all such performance-based restricted stock units, reported at the maximum possible number of shares ( 0.3 million shares for the fiscal year ended June 30, 2016, 42 thousand shares for the fiscal year ended June 30, 2017 and 0.2 million shares for the 六 months ended 12月31日，2017年 ) that may ultimately be issuable if all applicable performance-based criteria are achieved at their maximum and all applicable service-based criteria are fully satisfied.


(3)	g代表了部分限制性股票ranted with performance-based vesting criteria and reported at the actual number of shares issued upon achievement of the performance vesting criteria during 六 months ended 12月31日，2017年 .

The restricted stock units granted by the Company generally vest (a) with respect to awards with only service-based vesting criteria, in three or 四相同的分期付款和（b）关于卓越的基于绩效和基于服务的归属标准， two equal installments on the third and fourth anniversaries of the grant date, in each case subject to the recipient remaining employed by the Company as of the applicable vesting date. The restricted stock units granted to the independent members of the board of directors vest annually.

下表显示了授予股票单位的权力平均拨款日公允价值，授权股单位授予，归属股份单位归属及税收福利，以归属及发布的限制股单位为指定的期限：beplay官网ued



	Three months ended 12月31日，					六个月结束了 12月31日，
(In thousands, except for weighted-average grant date fair value)	2017年			2016年		2017年		2016年
Weighted-average grant date fair value per unit	$	105.15		$	75.38	$	91.39	$	70.95
Grant date fair value of vested restricted stock units	$	5,322		$	1,843	$	41,856	$	31,051
Tax benefits (expense) realized by the Company in connection with vested and released restricted stock units	$	(1,930	)	$	765.	$	16,482	$	14,694

作为 12月31日，2017年 , the unrecognized stock-based compensation expense balance related to restricted stock units was 10480万美元，不包括估计的核准的影响，并将通过加权平均剩余的合同期限和估计的加权平均摊销期 1.6 years . The intrinsic value of outstanding restricted stock units as of 12月31日，2017年 was $196.0 million .

Cash-Based Long-Term Incentive Compensation

本公司已beplay官网ued采用基于现金的长期激励（“现金LTI”）计划，其中许多员工是本公司员工赔偿计划的一部分。在此期间六 months ended 12月31日，2017年 and 2016年 , the Company approved Cash LTI awards of $4.0 million and 5030万美元分别根据公司的现金长期激励计划（“现金LTI计划”beplay官网ued）。该公司为beplay官网ued其员工改变了其年度补助金的时间，导致六个月内达到较低的现金LTI奖项 12月31日，2017年 compared to the six months ended December 31, 2016. Cash LTI awards issued to employees under the Cash LTI Plan will vest in three or 四 equal installments, with one-third or one-fourth of the aggregate amount of the Cash LTI award vesting on each anniversary of the grant date over a three or 四 -year period. In order to receive payments under a Cash LTI award, participants must remain employed by the Company as of the applicable award vesting date. Executives and non-employee Board members are not participating in this program. During the three months ended December 31, 2017 and 2016, the Company recognized $11.5 million and 1120万美元分别在现金LI计划下赔偿费用。在此期间六 months ended 12月31日，2017年 and 2016年，公司认可beplay官网ued $26.3 million and $23.4 million 分别在现金LI计划下赔偿费用。作为 12月31日，2017年 , the unrecognized compensation balance (excluding the impact of estimated forfeitures) related to the Cash LTI Plan was $102.4 million .

Employee Stock Purchase Plan

KLA-Tencor员工股票购买计划(“ESPP”)provides that eligible employees may contribute up to 10% of their eligible earnings toward the semi-annual purchase of KLA-Tencor’s common stock. Effective January 2, 2018, eligible employees may contribute up to 15% 他们符合条件的收益。ESPP是根据“内部收入守则”第423条的资格。The employee’s purchase price is derived from a formula based on the closing price of the common stock on the first day of the offering period versus the closing price on the date of purchase (or, if not a trading day, on the immediately preceding trading day).

ESPP下的提供期（或回顾周期的长度）具有持续时间六个月 , and the purchase price with respect to each offering period beginning on or after such date is, until otherwise amended, equal to 85% 在（i）较小的（i）公司的公平市场价值在适用的六个月提供期间或（ii）本公司普通股票的公平市场价值在beplay官网ued购买日期。本公司估beplay官网ued计ESPP根据Black-Scholes估值模型在ESPP下的公允价值。

The fair value of each purchase right under the ESPP was estimated on the date of grant using the Black-Scholes option valuation model and the straight-line attribution approach with the following weighted-average assumptions:



	Three months ended 12月31日，				六个月结束了 12月31日，
	2017年		2016年		2017年		2016年
股票购买计划：
预期库存价格波动	25.9	%	20.6	%	25.9	%	20.6	%
Risk-free interest rate	0.9	%	0.4	%	0.9	%	0.4	%
Dividend yield	2.6	%	3.0	%	2.6	%	3.0	%
Expected life (in years)	0.5		0.5		0.5		0.5

The following table shows the tax benefits realized by the Company in connection with the disqualifying dispositions of shares purchased under the ESPP and the weighted-average fair value per share for the indicated periods:



(In thousands, except for weighted-average fair value per share)	Three months ended 12月31日，				六个月结束了 12月31日，
	2017年		2016年		2017年		2016年
Total cash received from employees for the issuance of shares under the ESPP	$	20,579	$	23,694	$	20,579	$	23,694
Number of shares purchased by employees through the ESPP	264		384		264		384
Tax benefits realized by the Company in connection with the disqualifying dispositions of shares purchased under the ESPP	$	47	$	218	$	894.	$	922
Weighted-average fair value per share based on Black-Scholes model	$	19.04	$	14.05	$	19.04	$	14.05

The ESPP shares are replenished annually on the first day of each fiscal year by virtue of an evergreen provision. The provision allows for share replenishment equal to the lesser of 2.0million shares or the number of shares which KLA-Tencor estimates will be required to be issued under the ESPP during the forthcoming fiscal year. As of 12月31日，2017年，总共 2.4 million shares were reserved and available for issuance under the ESPP.

Quarterly cash dividends

On November 1, 2017 , the Company’s Board of Directors declared a regular quarterly cash dividend of 0.59美元 per share on the outstanding shares of the Company’s common stock, which was paid on 2017年12月1日 to the stockholders of record as of the close of business on 2017年11月15日 . The total amount of regular quarterly cash dividends and dividend equivalents paid by the Company during the three months ended 12月31日，2017年 and 2016年 was $92.6 million and 8450万美元 , respectively. The total amount of regular quarterly cash dividends and dividend equivalents paid by the Company during the 六 months ended 12月31日，2017年 and 2016年 was 18670万美元 and $166.1 million , respectively. The amount of accrued dividends payable for regular quarterly cash dividends on unvested restricted stock units with dividend equivalent rights as of 12月31日，2017年 and 2017年6月30日 was $4.8 million and $4.8 million , respectively. These amounts will be paid upon vesting of the underlying restricted stock units.

Special cash dividend

2014年11月19日，该公司的董事会宣布了特殊的现beplay官网ued金股息 16.50美元 per share on our outstanding common stock, which was paid on December 9, 2014 to the stockholders of record as of the close of business on December 1, 2014. The declaration and payment of the special cash dividend was part of the Company’s leveraged recapitalization transaction under which the special cash dividend was financed through a combination of existing cash and proceeds from the debt financing disclosed in Note 7, “Debt” that was completed during the three months ended 12月31日，2014 . As of the declaration date, the total amount of the special cash dividend accrued by the Company was approximately $2.76 billion , substantially all of which was paid out during the three months ended 12月31日，2014 , except for the aggregate special cash dividend of $43.0 million that was accrued for the unvested restricted stock units. As of 12月31日，2017年 and 2017年6月30日 , the Company had a total of $2.8 million and 9.0万美元分别为特殊的现金股息支付的应计股息，以突出的未完成限制股单位，这将在此类潜在的非投资股单位背心时支付。在此期间 three months ended 12月31日，2017年 and 2016年 , the total special cash dividends paid with respect to vested restricted stock units were immaterial. During the 六 months ended 12月31日，2017年 and 2016年 , the total special cash dividends paid with respect to vested restricted stock units were 620万美元 and $7.7 million , respectively. Other than the special cash dividend declared during the three months ended 12月31日，2014 , the Company historically has not declared any special cash dividend.