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 Months Ended

2018年12月31日

披露与薪酬相关的费用，基于股票的付款[摘要]

EQUITY AND LONG-TERM INCENTIVE COMPENSATION PLANS

NOTE 9 – EQUITY AND LONG-TERM INCENTIVE COMPENSATION PLANS

Equity Incentive Program

作为 2018年12月31日，我们能够向我们的员工，顾问和董事会成员颁发股权激励奖，例如限制性股票单位（“ RSU”）和股票期权，根据我们的2004年股权激励计划（“ 2004年计划”） 13.4 million 股票发行。

For details of the 2004 Plan refer to Note 8 “Equity and Long-Term Incentive Compensation Plans,” of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2018 。

Equity Incentive Plans - General Information

The following table summarizes the combined activity under our equity incentive plans for the indicated periods:



（成千上万个）	Available For Grant ⁽¹⁾
Balance as of June 30, 2018	3,680
Plan shares increased	12,000
Restricted stock units granted ⁽²⁾	(675	)
Restricted stock units granted adjustment ⁽³⁾	5
Restricted stock units canceled	20
截至2018年12月31日的余额	15,030

__________________


(1)	The number of RSUs reflects the application of the award multiplier (1.8x or 2.0x depending on the grant date of the applicable award).

(2)

Includes RSUs granted to senior management during the six 几个月结束了 2018年12月31日 with performance-based vesting criteria (in addition to service-based vesting criteria for any of such RSUs that are deemed to have been earned). As of 2018年12月31日 , it had not yet been determined the extent to which (if at all) the performance-based vesting criteria had been satisfied. Therefore, this line item includes all such performance-based RSUs granted during the six 几个月结束了 2018年12月31日 , 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 ( 0.4 million 分享 six 几个月结束了 2018年12月31日 reflects the application of the multiplier described above).


(3)	代表了部分限制与perfor授予mance-based vesting criteria and reported at the actual number of shares issued upon achievement of the performance vesting criteria during the six 几个月结束了 2018年12月31日。

公允价值e of stock-based awards is measured at the grant date and is recognized as an expense over the employee’s requisite service period. For RSUs granted without “dividend equivalent” rights, fair value is calculated using the closing price of our common stock on the grant date, adjusted to exclude the present value of dividends which are not accrued on those RSUs. The fair value for RSUs granted with “dividend equivalent” rights is determined using the closing price of our common stock on the grant date. The fair value for purchase rights under our Employee Stock Purchase Plan is determined using a Black-Scholes model.

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



	Three months ended 12月31日，				六个月结束 12月31日，
（成千上万个）	2018		2017		2018		2017
基于股票的补偿费用：
Costs of revenues	$	1,823	$	1,656	$	3,654	$	3,072
研究与开发	2,483		2,275		5,002		4,446
Selling, general and administrative	11,389		9,808		23,177		20,252
Total stock-based compensation expense	$	15,695	$	13,739	$	31,833	$	27,770

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



（成千上万个）	作为 2018年12月31日		作为 June 30, 2018
Inventory	$	4,859	$	4,580

限制股票单位

The following table shows the activity and weighted-average grant date fair value for RSUs during the six 几个月结束了 2018年12月31日 :



	Shares ⁽¹⁾ （成千上万个）		Weighted-Average 授予日期 Fair Value
Outstanding restricted stock units as of June 30, 2018 ⁽²⁾	2,014		$	76.50
Granted ⁽²⁾	338		$	117.21
Granted adjustments ⁽³⁾	(2	)	$	50.88
Vested and released	(383	)	$	66.41
扣留税款	(264	)	$	66.41
没收	(10	)	$	81.55
Outstanding restricted stock units as of December 31, 2018 ⁽²⁾	1,693		$	88.48

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(1)	Share numbers reflect actual shares subject to awarded RSUs. 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(取决于该奖项的授予日期)calculate the impact of the award on the share reserve under the 2004 Plan.

(2)

包括授予高级管理层的RSU，并具有基于绩效的归属标准（除了针对被认为已获得的任何此类RSU的基于服务的归属标准外）。作为 2018年12月31日 , it had not yet been determined the extent to which (if at all) the performance-based vesting criteria had been satisfied. Therefore, this line item includes all such performance-based RSUs, reported at the maximum possible number of shares ( 42 thousand 分享fiscal year ended June 30, 2017, 0.2 million 分享fiscal year ended June 30, 2018 and 0.2 million 分享 six 几个月结束了 2018年12月31日 ) 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)	代表了部分限制与perfor授予mance-based vesting criteria and reported at the actual number of shares issued upon achievement of the performance vesting criteria during six 几个月结束了 2018年12月31日。

The RSUs granted by us generally vest (a) with respect to awards with only service-based vesting criteria, in 三个或者 four equal installments and (b) with respect to awards with both performance-based and service-based vesting criteria, in two equal installments on the third and fourth anniversaries of the grant date, in each case subject to the recipient remaining employed by us as of the applicable vesting date. The RSUs granted to the independent members of the Board of Directors' vest annually.

The following table shows the weighted-average grant date fair value per unit for the RSUs granted, vested, and tax benefits realized by us in connection with vested and released RSUs for the indicated periods :



	Three months ended 12月31日，					六个月结束 12月31日，
(In thousands, except for weighted-average grant date fair value)	2018		2017			2018		2017
加权平均授予日公允价值每单位公允价值	$	96.51	$	105.15		$	117.21	$	91.39
授予日期的既得限制股票单位的公允价值	$	6,862	$	5,322		$	42,934	$	41,856
Tax benefits realized by us in connection with vested and released restricted stock units	$	3,812	$	(1,930	)	$	10,730	$	16,482

作为 2018年12月31日 , the unrecognized stock-based compensation expense balance related to RSUs was $116.4 million , excluding the impact of estimated forfeitures, and will be recognized over a weighted-average remaining contractual term and an estimated weighted-average amortization period of 1。5年。截至截至 2018年12月31日 was $151.5 million 。

基于现金的长期奖励补偿

We have adopted a cash-based long-term incentive (“Cash LTI Plan”) program for many of our employees as part of our employee compensation program. Executives and non-employee Board of Directors’ members are not participating in this program. During the six 几个月结束了 2018年12月31日和 2017 , we approved Cash LTI awards of $5.6 million 和 $4.0 million ，分别根据我们的现金LTI计划。在此期间三个几个月结束了 2018年12月31日和 2017 , we recognized $12.0 million 和 $11.5 million ，分别根据现金LTI计划的赔偿费用。在此期间 six 几个月结束了 2018年12月31日和 2017 , we recognized $27.2 million 和 2630万美元，分别根据现金LTI计划的赔偿费用。作为 2018年12月31日 , the unrecognized compensation balance (excluding the impact of estimated forfeitures) related to the Cash LTI Plan was $104.9 million 。有关详细信息，请参阅注释8“公平和长期激励薪酬计划”，内容是我们关于2018年6月30日的财政年度10-K年度报告中包含的合并财务报表的票据。

Employee Stock Purchase Plan

Our Employee Stock Purchase Plan (“ESPP”) provides that eligible employees may contribute up to 15% of their eligible earnings toward the semi-annual purchase of our common stock. The ESPP is qualified under Section 423 of the Internal Revenue Code. 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).

The offering period (or length of the look-back period) under the ESPP has a duration of six months ，以及从该日期开始或之后开始的每个发行期的购买价格，直到另外修改为等于 85% （i）在适用的六个月发行期或（ii）购买日期我们普通股的公平市场价值开始时，我们普通股的公平市场价值较小。我们使用黑色choles模型估算ESPP下购买权的公允价值。

ESPP下的每项购买权的公允价值是在使用黑色choles模型的授予日期和直线归因方法的日期估算的，并具有以下加权平均假设：



	Three months ended 12月31日，				六个月结束 12月31日，
	2018		2017		2018		2017
Stock purchase plan:
预期股票价格波动	30.0	%	25.9	%	30.0	%	25.9	%
无风险利率	1.9	%	0.9	%	1.9	%	0.9	%
Dividend yield	2.9	%	2.6	%	2.9	%	2.6	%
Expected life (in years)	0.5		0.5		0.5		0.5

The following table shows the tax benefits realized by us 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 12月31日，
	2018		2017		2018		2017
Total cash received from employees for the issuance of shares under the ESPP	$	20,556	$	20,579	$	20,556	$	20,579
Number of shares purchased by employees through the ESPP	270		264		270		264
我们实现的税收优惠与ESPP下购买的股份的不合格的处置有关	$	92	$	47	$	603	$	894
Weighted-average fair value per share based on Black-Scholes model	$	22.73	$	19.04	$	22.73	$	19.04

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 2000万 shares or the number of shares which we estimate will be required to be issued under the ESPP during the forthcoming fiscal year. As of 2018年12月31日 , a total of 2.4 million shares were reserved and available for issuance under the ESPP.

Quarterly cash dividends

上 November 7, 2018 , our Board of Directors declared a regular quarterly cash dividend of $ 0.75 per share on the outstanding shares of our common stock, which was paid on December 4, 2018 to the stockholders of record as of the close of business on November 17, 2018 。The total amount of regular quarterly cash dividends and dividend equivalents paid by us during the 三个几个月结束了 2018年12月31日和 2017 was $114.5 million 和 $92.6 million ，分别。The total amount of regular quarterly cash dividends and dividend equivalents paid by us during the six 几个月结束了 2018年12月31日和 2017 was $234.4 million 和 $186.7 million ，分别。The amount of accrued dividends payable for regular quarterly cash dividends on unvested RSUs with dividend equivalent rights as of 2018年12月31日和 June 30, 2018 was $5.4 million 和 670万美元，分别。这些应计现金股息将在归属基础RSU时支付。

特殊现金股息

上November 19, 2014, our Board of Directors declared a special cash dividend of $16.50 per share on our outstanding common stock. The declaration and payment of the special cash dividend was part of our 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 8 “Debt” that was completed during the three months ended December 31, 2014. The total amount of the special cash dividend accrued by us at the declaration date was substantially paid out during the three months ended December 31, 2014, except for the aggregate special cash dividend of $43.0 million 这是针对未投资的RSU所产生的，并在这种基本未投资的RSUS背心时得到了报酬。在此期间三个几个月结束了 2018年12月31日和 2017 , the total special cash dividends paid with respect to vested RSUs were immaterial. During the six 几个月结束了 2018年12月31日和 2017 , the total special cash dividends paid with respect to vested RSUs were 290万美元和 $6.2 million ，分别。作为2018年12月31日, all of the special cash dividends accrued with respect to outstanding RSUs were vested and paid in full. For details of the special cash dividend, refer to Note 8 “Equity and Long-Term Incentive Compensation Plans,” of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2018 。