- Statement of Changes in Beneficial Ownership (4)
June 17 2011 - 4:04PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
KIM HO IL
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2. Issuer Name
and
Ticker or Trading Symbol
GT Solar International, Inc.
[
SOLR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
V.P., Chief Adm. Off., GC
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(Last)
(First)
(Middle)
GT SOLAR INTERNATIONAL, INC., 243 DANIEL WEBSTER HIGHWAY
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3. Date of Earliest Transaction
(MM/DD/YYYY)
6/15/2011
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(Street)
MERRIMACK, NH 03054
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, par value $.01
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6/15/2011
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M
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2917
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A
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$0
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42428
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D
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Common Stock, par value $.01
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6/15/2011
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F
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926
(1)
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D
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$13.12
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41502
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D
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Common Stock, par value $.01
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6/16/2011
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M
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5000
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A
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$4.81
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46502
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D
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Common Stock, par value $.01
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6/16/2011
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S
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15417
(2)
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D
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$13.082
(3)
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31085
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D
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Common Stock, par value $.01
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6/16/2011
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S
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3750
(2)
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D
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$13.068
(4)
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27335
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D
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Common Stock, par value $.01
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6/17/2011
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S
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700
(2)
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D
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$13.00
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26635
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Restricted Stock Unit
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(5)
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6/15/2011
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M
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2917
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(6)
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(6)
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Common Stock, par value $.01
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2917
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$0
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52500
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D
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Stock Option (Right to Buy)
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$4.81
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6/16/2011
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M
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5000
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(7)
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9/1/2019
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Common Stock, par value $.01
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5000
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$0
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64664
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D
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Explanation of Responses:
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(
1)
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These shares were withheld to satisfy the reporting person's tax withholding obligations upon the vesting of restricted stock units on June 15, 2011.
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(
2)
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Sale of these shares were made by Mr. Kim pursuant to a Rule 10b5-1 plan adopted on March 11, 2011.
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(
3)
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The price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $12.97 to $13.13. The reporting person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
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(
4)
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The price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $13.03 to $13.10. The reporting person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
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(
5)
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Each restricted stock unit represents the right to receive one share of common stock of GT Solar International, Inc.
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(
6)
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The restricted stock units vested one fourth on December 15, 2009, and the balance vests in equal monthly installments of 1/48th of total each month subsequent to December 2009. Shares of common stock are delivered to the reporting person upon vesting.
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(
7)
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Of these options, one fourth vested on September 1, 2010, the first anniversary of the date of grant, and the balance vest in equal monthly installments of 1/48th of total each month subsequent to September 2010.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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KIM HO IL
GT SOLAR INTERNATIONAL, INC.
243 DANIEL WEBSTER HIGHWAY
MERRIMACK, NH 03054
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V.P., Chief Adm. Off., GC
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Signatures
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/s/Allison G. Pellegrino, under power of attorney
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6/17/2011
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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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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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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