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VRGY Verigy Ltd. (MM)

15.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Verigy Ltd. (MM) NASDAQ:VRGY NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 15.00 0 01:00:00

Verigy Ltd. - Statement of Changes in Beneficial Ownership (4)

09/09/2008 11:32pm

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).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response...
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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
                      

1. Name and Address of Reporting Person *

Ronde Pascal
2. Issuer Name and Ticker or Trading Symbol

Verigy Ltd. [ VRGY ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP, Sales, Service and Support
(Last)          (First)          (Middle)

LES CONQUERANTS-BATIMENT 1, AVENUE DE L'ATLANTIQUE
3. Date of Earliest Transaction (MM/DD/YYYY)

9/8/2008
(Street)

LES ULIS 91940
(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

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
Employee Stock Option (Right to Buy)   $19.00   9/8/2008        8750.   (1)      9/9/2012   (2) 12/11/2014   Ordinary Shares   8750.   $0   8750.   D    

Explanation of Responses:
( 1)  This is the 4th tranche of an option award that is divided into four grants, each comprised of 25% of the total number of shares awarded. The first tranche was granted 12/12/2007 and becomes vested in 16 equal quarterly installments beginning 3/13/2008. The 2nd tranche was granted 3/6/2008 and becomes vested in 15 equal quarterly installments beginning 6/13/2008. The 3rd tranche was granted on 6/9/2008 and becomes vested in 14 equal quarterly installments beginning 9/13/2008. This 4th tranche becomes vested in 13 equal quarterly installments beginning 12/13/2008. Each tranche shall first become exericsable on that date that is 4 years and one day following the date on which such tranche was granted.
( 2)  The option becomes vested in 13 equal quarterly installments, with the first installment on 12/13/2008, and it becomes exercisable on 9/9/2012.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Ronde Pascal
LES CONQUERANTS-BATIMENT 1
AVENUE DE L'ATLANTIQUE
LES ULIS 91940


VP, Sales, Service and Support

Signatures
Pascal Ronde by Paul R. Moore, Attorney-In-Fact 9/9/2008
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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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