DEFC14A 1 d362748ddefc14a.htm DEFC14A DEFC14A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No.   )

 

 

Filed by the Registrant  ¨                             Filed by a Party other than the Registrant  x

Check the appropriate box:

 

¨   Preliminary Proxy Statement
¨   Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
x   Definitive Proxy Statement
¨   Definitive Additional Materials
¨   Soliciting Material Pursuant to §240.14a-12

Ultratech, Inc.

(Name of Registrant as Specified In Its Charter)

Neuberger Berman LLC

Neuberger Berman Fixed Income Holdings LLC

Neuberger Berman Investment Advisers LLC

Neuberger Berman Group LLC

Mr. Benjamin Nahum

Mr. James F. McAree

Mr. Amit Solomon

Dr. Ronald Black

Ms. Beatriz V. Infante

(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

Payment of Filing Fee (Check the appropriate box):

x   No fee required.
¨   Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
  (1)  

Title of each class of securities to which transaction applies:

 

N/A

  (2)  

Aggregate number of securities to which transaction applies:

 

N/A

  (3)  

Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

 

N/A

  (4)  

Proposed maximum aggregate value of transaction:

 

N/A

  (5)  

Total fee paid:

 

N/A

¨   Fee paid previously with preliminary materials.
¨   Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
  (1)  

Amount Previously Paid:

 

N/A

  (2)  

Form, Schedule or Registration Statement No.:

 

N/A

  (3)  

Filing Party:

 

N/A

  (4)  

Date Filed:

 

N/A

 

 

 


PROXY STATEMENT

OF THE NEUBERGER BERMAN PARTICIPANTS

FOR THE 2016 ANNUAL MEETING OF STOCKHOLDERS OF ULTRATECH, INC.

SCHEDULED TO BE HELD ON JULY 19, 2016

June 13, 2016

To Our Fellow Ultratech Stockholders:

This proxy statement (“Proxy Statement” or “Proxy”) and the enclosed GOLD proxy card are being furnished to you on behalf of Neuberger Berman LLC (“NB LLC”), a Delaware limited liability company, as well as Neuberger Berman Group LLC (“NB Group”), a Delaware limited liability company, Neuberger Berman Fixed Income Holdings LLC (“NB FI Holdings”), a Delaware limited liability company, Neuberger Berman Investment Advisers LLC (“NBIA”), a Delaware limited liability company, Benjamin Nahum, a citizen of the United States and a Portfolio Manager and Managing Director of NBIA and NB LLC, James F. McAree, a citizen of the United States and a Senior Vice President of NBIA and NB LLC, and Amit Solomon, Ph.D., a citizen of the United States and a Managing Director of NBIA and NB LLC (Mr. Solomon, and together with NB LLC, NB Group, NB FI Holdings, NBIA, Mr. Nahum and Mr. McAree are sometimes referred to as the “Neuberger Berman Participants”, “our”, “us” or “we”), to solicit your proxy for use at the Annual Meeting of Stockholders of Ultratech, Inc., a Delaware corporation (“Ultratech”) scheduled to be held on July 19, 2016 (the “2016 Annual Meeting”), or at any adjournment or postponement thereof. The 2016 Annual Meeting is scheduled to be held at 2:00 pm local time at the Hyatt Regency Santa Clara, 5101 Great America Parkway, Santa Clara, California 95054. This Proxy Statement and enclosed GOLD proxy card are first being made available to stockholders of Ultratech on or about June 13, 2016.

THIS SOLICITATION IS BEING MADE BY THE NEUBERGER BERMAN PARTICIPANTS AND NOT ON BEHALF OF THE BOARD OF DIRECTORS (THE “BOARD”) OF THE COMPANY.

We are soliciting your proxy for the 2016 Annual Meeting to elect each of Dr. Ronald Black and Ms. Beatriz V. Infante (each a “Neuberger Berman Nominee”) to serve as a director of Ultratech.

Except as set forth in this Proxy Statement, the Neuberger Berman Participants are not aware of any other matters to be considered at the 2016 Annual Meeting. However, if the Neuberger Berman Participants learn of any other proposals made a reasonable time before the 2016 Annual Meeting, the Neuberger Berman Participants will either supplement this Proxy Statement or provide stockholders with an opportunity to vote by proxy directly on such matters or will not exercise discretionary authority with respect thereto. While at this time the Neuberger Berman Participants are not aware of any additional items to be proposed at the 2016 Annual Meeting, if other proposals are made after a reasonable time prior to the 2016 Annual Meeting, then in accordance with Rule 14a-4(c)(3) of the Securities Exchange Act of 1934 (the “Exchange Act”), the persons named as proxies on the GOLD proxy card solicited by the Neuberger Berman Participants will vote such proxies in their discretion solely with respect to such matters proposed after a reasonable time prior to the 2016 Annual Meeting. However, this proxy will not confer any discretionary authority to vote at any annual meeting or other meeting of shareholders other than the 2016 Annual Meeting, or to vote to adjourn the 2016 Annual Meeting in order to allow the Neuberger Berman Participants to solicit additional proxies.

Ultratech has disclosed that the record date for determining stockholders entitled to notice of and to vote at the 2016 Annual Meeting is May 25, 2016 (the “Record Date”). Stockholders of record at the close of business on the Record Date will be entitled to vote at the 2016 Annual Meeting. According to Ultratech’s Proxy Statement for the 2016 Annual Meeting, filed with the Securities and Exchange Commission (the “SEC”) on June 10, 2016 (the “Company’s Proxy Statement”), as of the Record Date there were 26,728,368 shares of common stock, $.001 par value per share (the “Common Stock”), outstanding and entitled to vote at the 2016 Annual Meeting. Each such share of Common Stock entitles its holder to one vote.

 

1


As of the date of this Proxy Statement, the Neuberger Berman Participants beneficially own, on behalf of their clients, an aggregate of 2,028,279 shares of Common Stock, representing approximately 7.6% of Ultratech’s outstanding Common Stock (based on information disclosed in Ultratech’s Quarterly Report on Form 10-Q for the quarterly period ended on April 2, 2016 regarding the number of outstanding shares of Common Stock as of April 1, 2016).

The Neuberger Berman Participants are seeking your proxy to vote “FOR” the election of the Neuberger Berman Nominees, and “FOR” the candidates who have been nominated by Ultratech other than Nicholas Konidaris and Rick Timmins. Therefore, stockholders who wish to vote for the Neuberger Berman Nominees also have the ability to vote for five nominees of Ultratech, allowing them to vote for a full slate of seven director nominees. The names, backgrounds and qualifications of Ultratech’s nominees, and other information concerning Ultratech’s candidates, can be found in Ultratech’s Proxy Statement.

WE BELIEVE THAT YOUR VOICE IN THE FUTURE OF ULTRATECH CAN BEST BE EXPRESSED THROUGH THE ELECTION OF THE NEUBERGER BERMAN NOMINEES. ACCORDINGLY, THE NEUBERGER BERMAN PARTICIPANTS URGE YOU TO VOTE YOUR GOLD PROXY CARD FOR THE NEUBERGER BERMAN NOMINEES.

As explained in the detailed instructions on your GOLD proxy card, there are four ways you may vote. You may:

 

1. Sign, date and return the enclosed GOLD proxy card in the enclosed postage-paid envelope. You should sign your name exactly as it appears on the GOLD proxy card. If you are signing in a representative capacity (for example, as guardian, executor, trustee, custodian, attorney or officer of a corporation), indicate your name and title or capacity. We recommend that you vote on the GOLD proxy card even if you plan to attend the 2016 Annual Meeting (in order to attend the 2016 Annual Meeting you will need to present a government-issued form of identification);

 

2. Vote via the Internet by following the voting instructions on the GOLD proxy card or the voting instructions provided by your broker, bank or other holder of record. Internet voting procedures are designed to authenticate your identity, allow you to vote your Common Stock and confirm that your instructions have been properly recorded. Your Internet vote authorizes the named proxies to vote your Common Stock in the same manner as if you had signed and returned a proxy card. If you submit your vote by Internet, you may incur costs associated with electronic access, such as usage charges from Internet access providers and telephone companies;

 

3. Vote by telephone by following the voting instructions on the GOLD proxy card or the instructions provided by your broker, bank or other holder of record. Your telephone vote authorizes the named proxies to vote your Common Stock in the same manner as if you had signed and returned a proxy card; or

 

4. Vote in person by attending the 2016 Annual Meeting (in order to attend the 2016 Annual Meeting you will need to present a government-issued form of identification). The Neuberger Berman Participants believe written ballots will be distributed to stockholders who wish to vote in person at the 2016 Annual Meeting. If you hold your Common Stock through a bank, broker or other custodian, you must obtain a legal proxy from such bank, broker or other custodian in order to vote in person at the meeting.

INTERNET AND TELEPHONE VOTING FACILITIES WILL CLOSE AT 11:59 P.M. (EASTERN TIME) ON JULY 18, 2016 FOR THE VOTING OF SHARES HELD BY STOCKHOLDERS OF RECORD AND FOR THE VOTING OF SHARES HELD IN STREET NAME.

WE URGE YOU NOT TO SIGN ANY WHITE PROXY CARD SENT TO YOU BY ULTRATECH. IF YOU HAVE ALREADY DONE SO, YOU MAY REVOKE YOUR PREVIOUSLY SIGNED WHITE PROXY CARD BY SIGNING AND RETURNING A LATER-DATED GOLD PROXY CARD IN THE ENCLOSED POSTAGE-PAID ENVELOPE, BY DELIVERING A WRITTEN NOTICE OF REVOCATION TO THE NEUBERGER BERMAN PARTICIPANTS OR TO THE SECRETARY OF

 

2


THE COMPANY, OR BY INSTRUCTING US BY TELEPHONE OR VIA THE INTERNET AS TO HOW YOU WOULD LIKE YOUR SHARES VOTED (INSTRUCTIONS ARE ON YOUR GOLD PROXY CARD).

HOLDERS OF SHARES AS OF THE RECORD DATE ARE URGED TO SUBMIT A GOLD PROXY CARD EVEN IF YOUR SHARES WERE SOLD AFTER THE RECORD DATE.

IF YOUR SHARES ARE HELD IN THE NAME OF A BROKERAGE FIRM, BANK, BANK NOMINEE OR OTHER INSTITUTION ON THE RECORD DATE, ONLY THAT INSTITUTION CAN VOTE THOSE SHARES AND ONLY UPON RECEIPT OF YOUR SPECIFIC INSTRUCTIONS. ACCORDINGLY, PLEASE CONTACT THE PERSON RESPONSIBLE FOR YOUR ACCOUNT AND INSTRUCT THAT PERSON TO SIGN AND RETURN ON YOUR BEHALF THE GOLD PROXY CARD AS SOON AS POSSIBLE.

The Neuberger Berman Participants have retained Okapi Partners LLC to assist in communicating with stockholders in connection with the proxy solicitation and to assist in efforts to obtain proxies. If you have any questions about executing your GOLD proxy card, voting by telephone or via the Internet or if you require assistance, please contact:

Okapi Partners LLC

1212 Avenue of the Americas, 24th Floor

New York, New York 10036

(212) 297-0720

Call Toll-Free: (855) 208-8902

Email: info@okapipartners.com

 

3


Reasons for This Solicitation

This proxy solicitation is made by the Neuberger Berman Participants. As of the date of this Proxy Statement, the Neuberger Berman Participants beneficially own an aggregate of 2,028,279 shares of Common Stock, representing approximately 7.6% of Ultratech’s outstanding Common Stock (based on information disclosed in Ultratech’s Quarterly Report on Form 10-Q for the quarterly period ended on April 2, 2016 regarding the number of outstanding shares of Common Stock as of April 1, 2016). We have been a substantial, long-term stockholder of Ultratech: our ownership dates back to 2005. Unfortunately, our faith in Ultratech’s ability to create lasting stockholder value has waned.

The Neuberger Berman Participants believe in maintaining a long-term investment horizon and demonstrating patience. However, in this instance, we believe that this approach has not proven effective, for us and other long-term stockholders of Ultratech.

Arthur Zafiropoulo, Ultratech’s Chairman and Chief Executive Officer, has held his positions at Ultratech since 1993. The directors currently serving on the Board have served, on average, for more than 13 years. And yet, as demonstrated below by the decline in the share price and Ultratech paying no dividends during such period, it is our belief that during the medium- and long-term, Ultratech has not generated returns for stockholders.

Based on data from FactSet Research Systems, Inc. (“FactSet”), Ultratech’s stock price declined 47%, from its closing price of $37.30 per share on December 31, 2012 to its closing price of $19.82 per share on December 31, 2015, while during that period the total return of each of the S&P 500, Russell 2000 and the S&P Composite 1500 Semiconductor Equipment index was 53%, 39% and 63%, respectively. Over that period, Ultratech has generated net losses and in each year, consecutively less revenue. According to Ultratech’s proxy statements, Ultratech even failed to achieve the financial performance targeted by the Board in 2013, 2014 and 2015, under Ultratech’s executive bonus program.

In our opinion, the longer-term performance has been no better. In fact, according to FactSet, for the 20 years ending December 31, 2015, Ultratech’s total shareholder return has been negative 23%, as the closing price per share on December 29, 1995 was $25.75 and the closing price per share on December 31, 2015 was $19.82. Further, the total return on the following major indexes has been substantial. Over this same 20 year period the total return for investors in the S&P 500 was 383% and the Russell 2000 was 368%.

We believe Ultratech’s Common Stock has under-performed the indexes because Ultratech’s business has not grown or thrived over this period. Indeed, Ultratech generated more revenue in 1996 than it did in 2015. And, Ultratech generated a profit in 1996, unlike last year. Over the 20 year period, the outstanding share count has grown substantially (by more than 25%).

Accordingly, we believe that Ultratech and its stockholders would benefit from having new directors on the Board who could assist Ultratech in evaluating the performance of its executives and consider Ultratech’s strategic direction and plan.

Background

On August 4, 2015, Mr. Nahum sent a letter to Mr. Zafiropoulo expressing our loss of confidence in Ultratech’s Board and management as a result of, in our opinion, the absence of long-term stockholder value creation at Ultratech, the significant dilution of Ultratech stockholders through equity grants and significant insider selling. Specifically, Mr. Nahum noted in that letter, which we publicly disclosed as an Exhibit to a Schedule 13D filed with the Securities and Exchange Commission on August 11, 2015, that:

 

    As set forth above, during the 20 year period from January 1996 to December 31, 2015, long-term investors in Ultratech have seen no continuing stock price appreciation;

 

4


    option grants and restricted stock awards since 2001 have resulted in significant dilution of Ultratech stockholders, with total shares outstanding having increased during this period from approximately 21 million to 27 million; and

 

    since 2001, Ultratech’s Board of Directors has granted to Mr. Zafiropoulo himself over 1 million stock options and over 800,000 restricted shares; however, despite these grants, as a result of significant dispositions of Ultratech shares by Mr. Zafiropoulo, his ownership stake in Ultratech has actually declined by half over the last 10 years, reducing the alignment of interests between Mr. Zafiropoulo and Ultratech’s long-term stockholders.

On September 1, 2015, Mr. Nahum met with Mr. Zafiropoulo and Rick Timmins, Ultratech’s lead outside director. At that meeting, Mr. Zafiropoulo indicated that the Board had been made aware several years previously of his intention to reduce his equity position in Ultratech. We reiterated our disappointment with his divestitures and indicated that if the Board was aware of Mr. Zafiropoulo’s intent to reduce his equity position then the Board should have conducted a strategic review to maximize value for all stockholders of Ultratech. Mr. Timmins defended the Board’s granting of nearly 2 million options and restricted shares to Mr. Zafiropoulo since 2001. Mr. Zafiropoulo then asked what he could do to assuage our concerns. We responded that purchasing a significant number of Ultratech’s Common Stock would demonstrate his continued faith in Ultratech. Mr. Zafiropoulo indicated that his various personal obligations precluded him from purchasing additional shares of Ultratech Common Stock. Finally, at this meeting, Mr. Nahum discussed with Mr. Timmins independently the Board’s lack of efforts with regard to succession planning, and we questioned whether the Board was making any effort to establish a succession plan for management. Mr. Timmins acknowledged that the Board had not developed a succession plan.

On September 28, 2015, Mr. Nahum sent another letter to Mr. Zafiropoulo, which we publicly disclosed as an Exhibit to Amendment No. 1 to our Schedule 13D filed with the SEC on October 1, 2015. In that letter, Mr. Nahum questioned why the Board chose to compensate Mr. Zafiropoulo with equity grants when it was aware that he had no intention of retaining that equity. The letter also questioned why, in light of Mr. Zafiropoulo’s age (77) and long tenure with Ultratech (almost 25 years), the Board did not insist on developing a management succession plan. The letter expressed our view that the Board should adopt and implement a management succession plan and a new, stockholder friendly perspective. On December 10, 2015, Ultratech announced that it was conducting a review of its Board with the intention of refreshment to increase stockholder value. Ultratech stated that the goal of its Nominating and Corporate Governance Committee was to appoint one or more new Board members with technological expertise.

On January 14, 2016, Mr. Zafiropoulo approached the Neuberger Berman Participants to discuss the issues we raised in our previous letters. Mr. Zafiropoulo asked us to consider the likely stock reaction if he were to leave Ultratech. Mr. Zafiropoulo suggested Ultratech would not perform well if he were not serving as Chairman and Chief Executive Officer. We suggested that Ultratech and Mr. Zafiropoulo, and the Neuberger Berman Participants each propose an additional director to the Board, increasing the number of directors serving on the Board by two, and that both Mr. Zafiropoulo and the Neuberger Berman Participants could veto the other’s proposed director if such individual was unacceptable. Mr. Zafiropoulo expressed a willingness to consider this proposal but never followed through. Mr. Zafiropoulo also expressed his view that the stockholders would not support a stockholder-nominated candidate for the Board. In late January, we followed-up with Mr. Timmins on our proposal; however, he did not offer any comments. Unfortunately, our request was again ignored. On February 4, 2016, Ultratech reiterated its intention to seek new directors, but still did not address our proposal.

On March 4, 2016, Mr. Nahum sent a further letter to Messrs. Zafiropoulo and Timmins, which we publicly disclosed as an Exhibit to Amendment No. 2 to our Schedule 13D filed with the SEC on March 9, 2016. In this letter, Mr. Nahum reiterated our concern that the Board had approved significant equity grants to management while concurrently allowing members of management to dispose of significant amounts of equity in Ultratech. The letter also indicated that while adding a strong technology voice to the Board is helpful, we believe it fails to

 

5


address the issues we previously raised. Mr. Nahum indicated that we believe the Board should be augmented with directors who not only have technology expertise, but also have proven records in the areas of succession planning and corporate strategy. As such, Mr. Nahum requested that the Board’s Nominating and Governance Committee seriously consider Ms. Infante and Dr. Black for appointment as directors of Ultratech and provided Ultratech with biographical information regarding both candidates.

On March 10, 2016, Ultratech responded to our March 4th letter and explained that Mr. Timmins forwarded our letter to the Nominating and Governance Committee of the Board. On March 21, 2016, Mr. Timmins asked for some additional information. We provided such information and answered some preliminary questions from Mr. Timmins. In the hopes of expediting the process, on March 29, 2016, Mr. Nahum sent a letter to Michael Child, Chair of the Board’s Nominating and Governance Committee, again requesting that the Nominating and Governance Committee consider appointing both Ms. Infante and Dr. Black to the Board and providing Mr. Child with resumes for both candidates.

On April 5, 2016, over a month after we first requested that the Nominating and Corporate Governance Committee consider appointing Ms. Infante and Dr. Black to the Board, Mr. Child met in person with Dr. Black. Despite the fact that he is not a member of the Committee, Mr. Zafiropoulo attended the meeting. Subsequently, on April 7, Dr. Black met telephonically with the Nominating and Governance Committee.

Thereafter, on April 12, 2016, Mr. Child met in person with Ms. Infante. Again, Mr. Zafiropoulo attended the meeting. Subsequently, on April 12 and 13, Ms. Infante met telephonically with members of the Nominating and Governance Committee.

On April 19, 2016, Mr. Child notified Ms. Infante and Dr. Black that the Nominating and Governance Committee would not appoint either of them to the Board. On the same day, Mr. Timmins informed Mr. Nahum by email that the Nominating and Corporate Governance Committee had determined not to proceed with either candidate.

On April 22, 2016, we notified Ultratech of our intention to nominate Ms. Infante and Dr. Black for election to the Board at the 2016 Annual Meeting.

On May 10, 2016, at a meeting with Mr. Timmins, Mr. Nahum reiterated the proposal that the Neuberger Berman Participants made in January, that the Board be expanded to include two new directors, one selected by us and one selected by the Board, and that Mr. Zafiropoulo make a public announcement that he would seek to find a successor. However, we have never received a response from Ultratech regarding our proposal.

Despite Ultratech’s proxy statement indicating that Joel F. Gemunder will not be seeking reelection to the Board and Paramesh Gopi will be seeking election in his place, the Neuberger Berman Participants still believe that the Board will be best served by electing Ms. Infante and Dr. Black to the Board.

Voting

The specific proposals of the Neuberger Berman Participants to be considered and acted upon at the 2016 Annual Meeting are described in more detail in this Proxy Statement. According to Ultratech’s Proxy Statement, on the Record Date, approximately 26,728,368 shares of the Common Stock were issued and outstanding. Each stockholder, as of the Record Date, is entitled to one vote for each Neuberger Berman Nominee and one vote for each other proposal to be voted on at the 2016 Annual Meeting for each share of Common Stock held by such stockholder on the Record Date. According to Ultratech’s Proxy Statement, an independent inspector of election will receive and tabulate the proxies and certify the results.

Election of Directors

According to Ultratech’s Proxy Statement, directors will be elected by a plurality of the votes cast at the 2016 Annual Meeting, meaning that the seven nominees receiving the most votes will be elected. Only votes cast “FOR” a nominee will be counted. If you submit the GOLD proxy card or GOLD voting instruction form and do not indicate otherwise, your shares will be voted “FOR” the Neuberger Berman Nominees and the directors nominated by Ultratech other than Nicholas Konidaris and Rick Timmins.

 

6


According to Ultratech’s Proxy Statement, Ultratech intends to nominate seven candidates for election at the 2016 Annual Meeting. This Proxy Statement is soliciting proxies to elect the two Neuberger Berman Nominees, as well as those individuals nominated by Ultratech other than Nicholas Konidaris and Rick Timmins. Therefore those stockholders who vote on the enclosed GOLD proxy card will also have the opportunity to vote for those individuals who have been nominated by Ultratech other than Nicholas Konidaris and Rick Timmins. This allows stockholders to vote for a full slate of directors to serve on the Board. The names, backgrounds and qualifications of Ultratech’s nominees, as well as other information concerning such individuals, can be found in Ultratech’s proxy statement.

Other Proposals

According to Ultratech’s Proxy Statement, at the 2016 Annual Meeting, in addition to the election of directors, Ultratech’s stockholders will be asked to ratify the appointment of Ernst &Young LLP as Ultratech’s independent registered public accounting firm for 2016 and to approve, on an advisory basis, Ultratech’s executive compensation. According to Ultratech’s Proxy Statement, approval of each of these two proposals will require the affirmative vote of a majority of the shares present in person or represented by proxy and entitled to vote on the proposal. If you submit the GOLD proxy card or GOLD voting instruction form and do not indicate otherwise, your shares will be voted “FOR” ratification of the appointment of Ernst & Young as its independent registered public accounting firm for 2016 and “AGAINST” advisory approval of Ultratech’s executive compensation.

Withhold Votes and Abstentions

According to Ultratech’s Proxy Statement, only votes cast “FOR” a nominee will be counted in the election of directors. Stockholders can withhold authority to vote their shares with respect to all of the Neuberger Berman Nominees and the directors nominated by Ultratech other than Nicholas Konidaris and Rick Timmins as a group by voting “WITHHOLD” from all Nominees or with respect to one or more, but not all, of such nominees by voting “FOR ALL EXCEPT” and indicating for which of the individual Neuberger Berman Nominees or the directors nominated by Ultratech (other than Nicholas Konidaris and Rick Timmins) the stockholder is withholding voting authority. Withhold votes will result in the applicable nominees receiving fewer “FOR” votes for purposes of determining the seven nominees receiving the most votes. Only the seven nominees receiving the most “FOR” votes will be elected as directors. According to Ultratech’s Proxy Statement, in all other matters other than the election of directors, stockholders can “ABSTAIN” from voting on the matter. Abstentions have the same effect as votes “AGAINST” the matter. Withhold votes and abstentions will be counted as present and entitled to vote for purposes of determining whether a quorum is present at the 2016 Annual Meeting.

Broker Non-Votes

According to Ultratech’s Proxy Statement, a broker non-vote occurs when a beneficial owner of shares held in street name through a broker fails to submit voting instructions to the broker for a stockholders’ meeting. In the absence of voting instructions, brokers normally have discretion to vote on routine matters, such as the ratification of independent registered public accounting firms, but not on non-routine matters, such as director elections, proposals dealing with compensation issues, or stockholder proposals. However, given the contested nature of the 2016 Annual Meeting, for any accounts to which brokers deliver competing sets of proxy materials, applicable rules governing brokers’ discretionary authority will not permit such brokers to exercise discretionary authority regarding any of the proposals to be voted on at the 2016 Annual Meeting. Broker non-votes, if any, will not be counted in determining the number of shares necessary for approval of any proposal, although they will count for purposes of determining whether a quorum exists.

Notice Regarding the Internet Availability of the Neuberger Berman Participants’ Proxy Materials for the 2016 Annual Meeting

This Proxy Statement and all of Neuberger Berman Participants’ other solicitation materials in connection with this proxy solicitation will be available on the internet, free of charge, at www.HelpfixUTEK.com.

 

7


Additional Information Regarding Ultratech

Pursuant to Rule 14a-5(c) promulgated under the Exchange Act, the Neuberger Berman Participants have omitted from this Proxy Statement certain disclosure required by applicable law to be included in Ultratech’s Proxy Statement in connection with the 2016 Annual Meeting. Such disclosure includes, but is not limited to, information regarding those individuals nominated by Ultratech to serve as directors; information regarding Proposal 2 and Proposal 3 (each as hereinafter defined); securities of Ultratech beneficially owned by Ultratech’s directors, nominees and management; certain stockholders’ beneficial ownership of more than 5% of Ultratech’s voting securities; information concerning executive and director compensation; and information concerning the procedures for submitting stockholder proposals and director nominations intended for consideration at the 2017 annual meeting of stockholders and for consideration for inclusion in the proxy materials for that meeting. If Ultratech does not distribute Ultratech’s Proxy Statement to stockholders at least 10 days prior to the 2016 Annual Meeting, we will distribute to the stockholders a supplement to this proxy statement containing such disclosures at least 10 days prior to the 2016 Annual Meeting. We take no responsibility for the accuracy or completeness of information contained in Ultratech’s Proxy Statement. Except as otherwise noted herein, the information in this proxy statement concerning Ultratech has been taken from or is based upon documents and records on file with the SEC and other publicly available information.

 

8


MATTERS TO BE CONSIDERED AT 2016 ANNUAL MEETING

PROPOSAL 1

ELECTION OF DIRECTORS

General

The Board currently consists of seven directors and the term of all of the directors expires at the 2016 Annual Meeting. The directors elected at the 2016 Annual Meeting will serve for a term of one year, expiring at the 2017 annual meeting of stockholders, or until their successors have been duly elected and qualified. The names and ages of the Neuberger Berman Nominees and the terms of their proposed directorship are set forth below. As of the date of this Proxy Statement, none of the Neuberger Berman Nominees are employees of Ultratech or serve Ultratech in any capacity.

Each of the Neuberger Berman Nominees has agreed to serve if elected, and the Neuberger Berman Participants have no reason to believe that any of the Neuberger Berman Nominees will be unavailable to serve. Unless otherwise instructed, the proxy holders will vote the proxies received by them “FOR” the Neuberger Berman Nominees and the directors nominated by Ultratech other than Nicholas Konidaris and Rick Timmins. The seven candidates receiving the highest number of affirmative votes of the shares represented and voting on this particular matter at the 2016 Annual Meeting will be elected directors of Ultratech. Therefore, if the Neuberger Berman Participants are successful in their proxy solicitation, the Board will be composed of the two Neuberger Berman Nominees—Dr. Ronald Black and Ms. Beatriz V. Infante—and the five individuals nominated by Ultratech who receive the highest number of votes present, in person or by proxy, at the 2016 Annual Meeting and entitled to vote in favor of his or her election. There is no assurance that any of Ultratech’s nominees will serve on the Board if any of the Neuberger Berman Nominees are elected to the Board. If elected, each of the Neuberger Berman Nominees will serve a one-year term until the next annual meeting of stockholders and until his or her successor has been duly elected and qualified.

Neuberger Berman Nominees for Term Ending Upon the 2017 Annual Meeting of Stockholders

Name; Business Address; Age; Principal Occupation; Directorships During the Past Five Years and Skills and Qualifications

Beatriz V. Infante, age 62 (Business Address: BusinessExcelleration LLC, 27664 Vogue Court, Los Altos Hills, CA 94022). Since 2009, Ms. Infante has served as Chief Executive Officer of BusinessExcelleration LLC which provides management consulting services to companies at strategic inflection points. Since 2008, Ms. Infante has also served as a limited partner and advisor to Tandem Capital, an investment firm specializing in mobile technology companies. From 2010 until its acquisition by Infor, Inc. in 2011, Ms. Infante was the Chief Executive Officer and a director of ENXSUITE Corporation, a leading supplier of energy management solutions. From 2006 until its acquisition by Voxeo Corporation in 2008, she was the Chief Executive Officer and a director of VoiceObjects Inc., a market leader in voice applications servers. From 2004 to 2005, Ms. Infante served as Interim Chief Executive Officer and a director of Sychron Inc., which was sold to an investor group. From 1998 to 2003, Ms. Infante held various positions with Aspect Communications, a leading provider of call centers and unified communications solutions, including the roles of Chairman, President and Chief Executive Officer. Since 1994, she has served on the Advisory Committee to the Princeton University School of Engineering and Applied Science. She has been a director at a number of privately held companies as well as two non-profit organizations, Silicon Valley Leadership Group and Joint Venture Silicon Valley Network. Ms. Infante has been a director of Sonus Networks Inc. (a NASDAQ listed company), a company specializing in Cloud-based SIP and 4G/VoLTE solutions, since 2010; a director of Liquidity Services, Inc. (a NASDAQ listed company), a company specializing in surplus asset management, since May 2014; and, from May 2012 through May 2015, Ms. Infante served as a director of Emulex Corporation. None of the foregoing entities is a parent, subsidiary or other affiliate of Ultratech.

 

9


Ms. Infante is a National Association of Corporate Directors Board Leadership Fellow, a member of the Corporate Directors Group, and in 2013 was named to the Financial Times Agenda “Top 50 Digital Directors’ List.” Ms. Infante holds a Bachelor of Science and Engineering degree in Electrical Engineering and Computer Science from Princeton University and holds a Master of Science degree in Engineering and Computer Science from California Institute of Technology.

Ronald Black, Ph.D., age 52 (Business Address: Rambus Inc. 1050 Enterprise Way, Suite 700, Sunnyvale, CA 94089). Since June 2012, Dr. Black has served as chief executive officer and president of Rambus Inc. (“Rambus”), a technology company creating cutting-edge semiconductor and IP products, spanning memory and interfaces to security, smart sensors and lighting. Dr. Black was previously the Managing Director of R.D. Black & Company, a consulting firm, commencing August 2011. From September 2010 to August 2011, Dr. Black was the Chief Executive Officer of MobiWire, formerly Sagem Wireless, a privately-held mobile handset company headquartered near Paris, France that offers products and services to original equipment manufacturers and mobile network operators in the mobile phone marketplace. From June 2009 to October 2010, Dr. Black served as Chairman and CEO of UPEK, Inc. From September 2004 to June 2009, he was chief executive officer of Wavecom S.A., a publicly traded French wireless solutions company. Dr. Black has been a director of Rambus (a NASDAQ listed company) since July 2012; a director of Energy Focus, Inc. (a NASDAQ listed company), an LED lighting technology developer, since July 2015; he is currently a director of Microfabrica Inc., a privately held high precision metal parts fabricator and FlexEnable Limited, a privately held producer of flexible electronics manufacturing platforms. From 2012 to March 2015, Dr. Black served on the board of EnOcean GmbH, a German-based company that manufactures and markets energy harvesting technology, sensors, and radio frequency communication; from September 2010 to November 2012, Dr. Black served as a board member of AuthenTec, Inc.; and from 2007 to 2013, Dr. Black served as a board member of Inside Contactless, a France-based company engaged in the semiconductors and information technology industry. None of the foregoing entities is a parent, subsidiary or other affiliate of Ultratech.

Dr. Black holds a Bachelor of Science, a Master of Science, and a Ph.D. in materials science and engineering from Cornell University in Ithaca, N.Y.

Other Information Regarding Neuberger Berman Nominees

Each of the Neuberger Berman Nominees has consented to being named as a nominee in this Proxy Statement and to serving as a director if elected.

As of the date hereof, to the knowledge of the Neuberger Berman Participants, none of Ms. Infante or Dr. Black owns any shares of Common Stock of Ultratech.

Both Neuberger Berman Nominees are citizens of the United States.

To the knowledge of the Neuberger Berman Participants: (a) neither Neuberger Berman Nominee has any family relationship that is required to be disclosed; (b) neither Neuberger Berman Nominee holds any positions or offices with Ultratech; (c) no companies or organizations, with which either of the Neuberger Berman Nominees has been employed in the past five years, is a parent, subsidiary or other affiliate of Ultratech; (d) neither Neuberger Berman Nominee has been, within the last 10 years, or is currently subject to, any of the items listed in Item 401(f) of Regulation S-K; (e) no Neuberger Berman Nominee has been convicted in, within the last 10 years, or is currently subject to, any criminal proceeding; (f) neither Neuberger Berman Nominee has any substantial interest, direct or indirect, by security holdings or otherwise, in any matter to be acted upon at the 2016 Annual Meeting (other than each Neuberger Berman Nominee’s nomination to serve on the Board); (g) there are no arrangements or understandings pursuant to which either Neuberger Berman Nominee is proposed to be elected to the Board, other than a request made to each Neuberger Berman Nominee asking for their consent to be nominated to the Board, and, solely as it relates to any arrangement or understanding pursuant to which any Neuberger Berman Nominee was proposed to be elected to the Board, no other person, other than

 

10


the Neuberger Berman Participants (whose interests are solely that the Neuberger Berman Participants are nominating the Neuberger Berman Nominees), has any substantial interest, direct or indirect, in any matter to be acted upon at the 2016 Annual Meeting; (h) neither Neuberger Berman Nominee beneficially owns any securities of Ultratech, either directly or indirectly; (i) neither Neuberger Berman Nominee owns any securities of Ultratech of record, but not beneficially; (j) no associate of either Neuberger Berman Nominee beneficially owns any securities of Ultratech, either directly or indirectly; (k) no Neuberger Berman Nominee owns, beneficially, directly or indirectly, any securities of any parent or subsidiary of Ultratech; (l) neither Neuberger Berman Nominee has purchased or sold any securities of Ultratech within the past two years; (m) neither Neuberger Berman Nominee was or is a party to any contract, arrangement or understanding, within the past year, with respect to any securities of Ultratech, including any joint ventures, loan or option arrangements, puts or calls, guarantees against loss or guarantees of profit, division of losses or profits, or the giving or withholding of proxies; (n) since January 1, 2015, neither Neuberger Berman Nominee and no associate of either Neuberger Berman Nominee, has any direct or indirect material interest in any transaction in which the amount involved exceeds $120,000 and in which Ultratech is or was a participant, or which is currently proposed; and (o) there are no arrangements or understandings between either Neuberger Berman Nominee and any person with respect to any future employment by Ultratech or its affiliates, or with respect to any future transactions to which Ultratech or its affiliates will or may be a party.

Neither of the Neuberger Berman Nominees, to the knowledge of the Neuberger Berman Participants, or any of their respective associates has received any cash compensation, cash bonuses, deferred compensation, compensation pursuant to plans, or other compensation, from, or in respect of, services rendered on behalf of Ultratech that is required to be disclosed under, or is subject to any arrangement described in, paragraphs (a)-(j) of Item 402 of Regulation S-K. However, if elected the Neuberger Berman Nominees will be entitled to compensation as a director of Ultratech as is consistent with Ultratech’s practices for services of non-employee directors and as is disclosed in Ultratech’s Proxy Statement.

The Neuberger Berman Participants believe that each Neuberger Berman Nominee presently is, and if elected as a director of Ultratech, each Neuberger Berman Nominee would be, “independent” under Rule 5605 of the NASDAQ Stock Market’s Marketplace Rules, the independence standard applicable to Ultratech. The Neuberger Berman Participants believe that, if either Neuberger Berman Nominee were a member of Ultratech’s compensation, nominating and audit committee, he or she would be independent under such committee’s applicable independence standards

The Neuberger Berman Participants are not aware of any material proceedings in which either Neuberger Berman Nominee, or any associate of either Neuberger Berman Nominee, is a party adverse to Ultratech or any of its subsidiaries or has a material interest adverse to Ultratech or any of its subsidiaries.

Except as otherwise disclosed in response to this section, there are no interlocking relationships that would have required disclosure had the Neuberger Berman Nominees been directors of Ultratech.

Directors Nominated by Ultratech

The Neuberger Berman Participants are also seeking your proxy to vote for the candidates who have been nominated by Ultratech, other than Nicholas Konidaris and Rick Timmins. You should refer to Ultratech’s Proxy Statement and form of proxy distributed by Ultratech for the names, background, qualifications and other information concerning Ultratech’s candidates.

Recommendation of the Neuberger Berman Participants

The Neuberger Berman Participants recommend that the stockholders vote FOR the election of each of the Neuberger Berman Nominees.

 

11


OTHER MATTERS TO BE CONSIDERED AT THE 2016 ANNUAL MEETING

Based on information contained in Ultratech’s Proxy Statement, it is expected that the stockholders at the 2016 Annual Meeting will be asked to ratify the employment of Ernst & Young LLP as the independent registered public accounting firm for the year 2016 to perform the functions assigned to it by Ultratech (“Proposal 2”). According to Ultratech’s Proxy Statement, it shall be the duty of Ultratech’s Audit Committee to employ, subject to stockholder ratification at each annual meeting, independent public accountants to audit the books of account, accounting procedures and financial statements of Ultratech for the year and to perform such other duties as prescribed from time to time by the Audit Committee. We recommend voting “FOR” Proposal 2.

Based on information contained in Ultratech’s Proxy Statement, it is expected that the stockholders at the 2016 Annual Meeting will be asked to approve, on an advisory basis, the compensation of the named executive officers disclosed in Ultratech’s Proxy Statement (“Proposal 3”). According to Ultratech’s Proxy Statement, this vote is advisory in nature, which means that it is not binding on Ultratech, its Board or Ultratech’s Compensation Committee. However, according to Ultratech’s Proxy Statement, the Compensation Committee intends to consider the vote results for Proposal 3 and to take any actions it deems necessary or appropriate in light of those results. Since 2001, Ultratech’s Board of Directors has granted Mr. Zafiropoulo over 1 million stock options and over 800,000 restricted shares; however, despite these grants, as a result of significant dispositions of Ultratech shares by Mr. Zafiropoulo, his ownership stake in Ultratech has actually declined by half over the last 10 years, reducing the alignment of interests between Mr. Zafiropoulo and Ultratech’s long-term stockholders. Therefore, due to this misalignment, we recommend voting “AGAINST” Proposal 3.

CERTAIN INFORMATION REGARDING THE PARTICIPANTS IN THIS SOLICITATION

This proxy solicitation is being conducted by the Neuberger Berman Participants, which are comprised of NB LLC, NB Group, NB FI Holdings, NBIA, Mr. Nahum, Mr. McAree and Mr. Solomon. The Neuberger Berman Participants collectively are the beneficial owner of an aggregate of 2,028,279 shares of Common Stock of Ultratech or approximately 7.6% of the outstanding shares of Common Stock of Ultratech (calculated based on the number of shares of Common Stock outstanding as of April 1, 2016) and is one of the largest stockholders of Ultratech. Each member of the Neuberger Berman Participants and each Neuberger Berman Nominee is a participant in this proxy solicitation.

Information about the Neuberger Berman Participants, including information as to any substantial interest, direct or indirect, by security holdings or otherwise, that they may have with respect to the various proposals to be voted on at the 2016 Annual Meeting, is set forth below in this section. As to the Neuberger Berman Nominees, the foregoing information is included in this section or in the section titled “Proposal 1—Election of Directors”.

The Neuberger Berman Participants

The principal business address of NB LLC, NB Group and NB FI Holdings, is 605 Third Avenue, New York, NY 10158, the principal business address of Mr. Nahum, Mr. McAree and Mr. Solomon is 605 Third Avenue, 35th Floor, New York, NY 10158 and the principal business address of NBIA is 190 LaSalle Street, Chicago, Illinois 60603.

NB LLC is primarily engaged in the business of being an investment adviser and broker dealer for its clients. NBIA is primarily engaged in the business of being an investment adviser for its clients. NB FI Holdings and NB Group are primarily engaged in the business of being holding companies for their affiliates and affiliates of the Neuberger Berman Participants. Messrs. Nahum, McAree and Solomon, are primarily engaged in the business of being portfolio managers for NBIA and NB LLC, and as such, manage the investments of their clients and those of their affiliates.

 

12


The Neuberger Berman Nominees

Please see “Proposal 1—Election of Directors” for additional information about the Neuberger Berman Nominees.

Beneficial Ownership of Shares

The following table shows the number of shares of Common Stock of Ultratech that are beneficially owned (within the meaning of Rule 13d-3 under the Exchange Act) by each Neuberger Berman Participant (note the Neuberger Berman Nominees own no shares of Common Stock of Ultratech) as of the Record Date. Please see Annex A for additional information about each applicable Neuberger Berman Participant’s purchases and sales of shares of Common Stock of Ultratech within the last two years.

 

Class or Series

   Number of Shares      Owner of Record    Beneficial Owner    Percentage of
Common Stock
 

Common Stock

     2,028,279       Cede & Co.1    NB Group      Approx. 7.6

Common Stock

     2,028,279       Cede & Co.2    NB FI Holdings      Approx. 7.6

Common Stock

     2,028,279       Cede & Co.3    NBIA      Approx. 7.6

Common Stock

     488,319       Cede & Co.    NB LLC      Approx. 1.8

Common Stock

     100       Neuberger Berman LLC    NB LLC      Less than 1

Common Stock

     100,000       Cede & Co.    Benjamin Nahum      Less than 1

Common Stock

     13,000       Cede & Co.    James F. McAree      Less than 1

Common Stock

     1,500       Cede & Co.    Amit Solomon      Less than 1

As of the date of this Proxy Statement, no part of the purchase price or market value of any of the shares of Common Stock of Ultratech held by the Neuberger Berman Participants is represented by funds borrowed or otherwise obtained for the purpose of acquiring or holding such shares of Common Stock of Ultratech. The shares of Common Stock held by Mr. Solomon were purchased through a margin account in the ordinary course of business.

Except as set forth in this subsection, no Neuberger Berman Participant, and no associate of any Neuberger Berman Participant, owns beneficially, directly or indirectly, or of record but not beneficially, any securities of Ultratech, or any parent or subsidiary of Ultratech. Except as set forth on Annex A, no Neuberger Berman Participant has purchased or sold any securities of Ultratech within the last two years.

The Neuberger Berman Participants could also be considered to have a material interest in Proposal 1 by virtue of having nominated the Neuberger Berman Nominees to the Board of Ultratech.

Other Interests of the Neuberger Berman Participants

Set forth in this section of this Proxy Statement and the section of this Proxy Statement titled “Proposal 1—Election of Directors” which is incorporated herein by reference, are (if applicable) the (a) names and the business addresses of each of the Neuberger Berman Participants and Neuberger Berman Nominees, (b) the present principal occupation or employment of each of the Neuberger Berman Participants and the Neuberger Berman Nominees and (c) the name, principal business and address of any corporation or other organization in which such employment is carried on.

Except as set forth in this subsection or elsewhere in this Proxy Statement, no Neuberger Berman Participant has any substantial interest, direct or indirect, by security holdings or otherwise in any matter to be acted upon at the 2016 Annual Meeting, other than the Neuberger Berman Participants interest in seeing the Neuberger Berman Nominees elected to the Board.

 

1  The owner of record of 100 shares reflected in the preceding column is Neuberger Berman LLC.
2  See footnote 1.
3  See footnote 1.

 

13


Except as set forth in this subsection or elsewhere in this Proxy Statement, no Neuberger Berman Participant is, or has been within the past year, a party to any contract, arrangement or understanding with any person with respect to any securities of Ultratech, including, but not limited to, joint ventures, loan or option arrangements, puts or calls, guarantees against loss or guarantees of profit, division of losses or profit, or the giving or withholding of proxies.

Except as set forth in this subsection or elsewhere in this Proxy Statement, no Neuberger Berman Participant and no associate of any Neuberger Berman Participant has any arrangements or understandings with any person or persons with respect to any future employment by Ultratech or its affiliates or with respect to any future transactions to which Ultratech or any of its affiliates will or may be a party.

No Neuberger Berman Participant and no related person of any Neuberger Berman Participant has had or will have a direct or indirect material interest in any transaction since the beginning of Ultratech’s last fiscal year or any currently proposed transactions in which Ultratech was or is to be a participant and the amount involved exceeds $120,000.

Except as set forth in this subsection or elsewhere in this Proxy Statement and to the knowledge of the Neuberger Berman Participants, no person, other than as previously disclosed in regards to the Neuberger Berman Participants, is a party to any arrangement or understanding pursuant to which the Neuberger Berman Nominees are nominated for election as a director of Ultratech or has any substantial interest, direct or indirect, by security holdings or otherwise, in any matter to be acted upon at the 2016 Annual Meeting.

During the past 10 years, no Neuberger Berman Participant has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

ADDITIONAL PROXY INFORMATION

The enclosed GOLD proxy card may be executed only by the holders of record of Common Stock on the Record Date. If you were a stockholder of record on the Record Date, you will retain your voting rights at the 2016 Annual Meeting even if you sell your Common Stock after the Record Date. Accordingly, it is important that you vote the Common Stock held by you on the Record Date, or grant a proxy to vote your Common Stock on the GOLD proxy card, even if you sell your Common Stock after the Record Date. The Common Stock represented by each GOLD proxy card that is properly executed and returned to the Neuberger Berman Participants will be voted at the 2016 Annual Meeting in accordance with the instructions marked thereon. If you have signed the GOLD proxy card and no marking is made, you will be deemed to have given a direction with respect to all of the Common Stock represented by the GOLD proxy card to vote “FOR” the election of all of the Neuberger Berman Nominees and for the candidates who have been nominated by Ultratech other than Nicholas Konidaris and Rick Timmins, (ii) “FOR” Proposal 2 and (iii) “AGAINST” Proposal 3.

If you hold your Common Stock in the name of one or more brokerage firms, banks or nominees, only they can vote your Common Stock and only upon receipt of your specific instructions. Accordingly, you should contact the person responsible for your account and give instructions to them to sign and return a GOLD proxy card representing your Common Stock. The Neuberger Berman Participants urge you to confirm in writing your instructions to the person responsible for your account and to provide a copy of those instructions to Neuberger Berman LLC, c/o Okapi Partners LLC, 1212 Avenue of the Americas, 24th Floor, New York, New York 10036, so that we will be aware of all instructions given and can attempt to ensure that those instructions are followed.

 

14


Revocation of Proxies

You may revoke or change your proxy instructions at any time prior to the vote at the 2016 Annual Meeting by:

 

    submitting a properly executed, subsequently dated GOLD proxy card, prior to the 2016 Annual Meeting, that will revoke all prior proxy cards, including any white proxy cards which solicit a proxy in favor of all of the directors nominated by Ultratech;

 

    instructing the Neuberger Berman Participants by telephone or via the Internet as to how you would like your shares voted (instructions are on your GOLD proxy card), before the closing of those voting facilities at 11:59 p.m. (Eastern Time) on July 18, 2016;

 

    attending the 2016 Annual Meeting and withdrawing your proxy by voting in person (although attendance at the 2016 Annual Meeting will not in and of itself constitute revocation of a proxy) (in order to attend the 2016 Annual Meeting you will need to present a government-issued form of identification); or

 

    delivering written notice of revocation either to Neuberger Berman LLC, c/o Okapi Partners LLC, 1212 Avenue of the Americas, 24th Floor, New York, New York 10036, or the Corporate Secretary of Ultratech at 3050 Zanker Road San Jose, California 95134, or any other address provided by Ultratech.

Although a revocation is effective if delivered to Ultratech, the Neuberger Berman Participants request that either the original or a copy of any revocation be mailed to Neuberger Berman LLC, c/o Okapi Partners LLC, 1212 Avenue of the Americas, 24th Floor, New York, New York 10036, so that the Neuberger Berman Participants will be aware of all revocations and can more accurately determine if and when the requisite proxies for the election of the Neuberger Berman Nominees as directors have been received. The Neuberger Berman Participants or the Solicitation Agent (as hereinafter defined) may contact stockholders who have revoked their proxies.

IF YOU PREVIOUSLY SIGNED AND RETURNED A WHITE PROXY CARD TO THE COMPANY, THE NEUBERGER BERMAN PARTICIPANTS URGE YOU TO REVOKE IT BY (1) SIGNING, DATING AND RETURNING THE GOLD PROXY CARD IN THE ENCLOSED POSTAGE-PAID ENVELOPE, (2) INSTRUCTING US BY TELEPHONE OR VIA THE INTERNET AS TO HOW YOU WOULD LIKE YOUR SHARES VOTED, (3) ATTENDING THE 2016 ANNUAL MEETING AND VOTING IN PERSON OR (4) DELIVERING A WRITTEN NOTICE OF REVOCATION TO THE NEUBERGER BERMAN PARTICIPANTS OR TO THE SECRETARY OF THE COMPANY.

Additional Voting Procedures

Delaware law expressly provides for the authorization of proxies by electronic means. Accordingly, you may submit your proxy by telephone or the Internet. To submit a proxy with voting instructions by telephone please call the telephone number listed on the GOLD proxy card. Proxies may also be submitted over the Internet. Please refer to the GOLD proxy card or Availability Notice for the website information. In each case stockholders will be required to provide the unique control number which has been printed on each stockholder’s GOLD proxy card. In addition to the instructions that appear on the GOLD proxy card, step-by-step instructions will be provided by a recorded telephone message for those stockholders submitting proxies by telephone, or at the designated website for those stockholders submitting proxies over the Internet. Stockholders submitting their proxies with voting instructions by telephone or over the Internet will receive confirmation on the telephone that their vote by telephone was successfully submitted, and may provide an email address for confirmation that their vote by Internet was successfully submitted.

YOUR VOTE IS EXTREMELY IMPORTANT. WE URGE YOU TO SIGN, DATE AND RETURN THE ENCLOSED GOLD PROXY CARD TODAY OR INSTRUCT US BY TELEPHONE OR VIA THE INTERNET TO VOTE FOR THE ELECTION OF THE NEUBERGER BERMAN NOMINEES SET FORTH IN THIS PROXY STATEMENT.

 

15


Cost and Method of Solicitation

Proxies may be solicited by mail, facsimile, telephone, telegraph, electronic mail, in person and by advertisements. Solicitations may also be made by the Neuberger Berman Nominees, the Neuberger Berman Participants and certain of the respective officers, partners and employees of the Neuberger Berman Participants, none of whom will, except as described elsewhere in this Proxy Statement, receive additional compensation for such solicitation.

The Neuberger Berman Participants have engaged Okapi Partners LLC (the “Solicitation Agent”) in connection with solicitations relating to the 2016 Annual Meeting. The Solicitation Agent will receive fees to be mutually agreed upon by the Neuberger Berman Participants and the Solicitation Agent based on customary fees for such services as they are provided, and reimbursement of costs and expenses for its services in connection with the solicitation. Approximately 25 people may be employed by the Solicitation Agent to solicit proxies from Ultratech’s stockholders for the 2016 Annual Meeting. The Neuberger Berman Participants have agreed to indemnify the Solicitation Agent against certain liabilities and expenses in connection with the solicitation. Arrangements will also be made with custodians, nominees and fiduciaries for forwarding proxy solicitation materials to beneficial owners of all Common Stock held as of the Record Date. The Neuberger Berman Participants will reimburse such custodians, nominees and fiduciaries for reasonable expenses incurred in connection therewith. Further, the Neuberger Berman Participants may request additional services from the Solicitation Agent in relation to this proxy solicitation. If such additional services are requested, then the Neuberger Berman Participants and the Solicitation Agent will enter into a separate agreement setting out such services and the costs therefor. Note, that as more fully explained below, in the event we are successful, we will submit a request for reimbursement for the costs of this solicitation to the Board of Ultratech. We do not intend to submit our reimbursement request to a vote of Ultratech’s stockholders.

The entire expense of soliciting proxies for the 2016 Annual Meeting by the Neuberger Berman Participants is being borne by the Neuberger Berman Participants. If successful, or in the event of settlement with Ultratech, the Neuberger Berman Participants may seek reimbursement of such costs from Ultratech. In the event that we decide to seek reimbursement of our expenses, the Neuberger Berman Participants do not intend to submit the matter to a vote of Ultratech’s stockholders. The Board, in the event we are successful or enter into a settlement with Ultratech, which would then consist of one or more of the Neuberger Berman Nominees, would be required to evaluate the requested reimbursement consistent with their fiduciary duties to Ultratech and its stockholders. Although no precise estimate can be made at this time, the Neuberger Berman Participants currently estimate that the total expenses the Neuberger Berman Participants will incur in furtherance of, or in connection with, the solicitation of proxies for the 2016 Annual Meeting will be $650,000. The total amount spent by the Neuberger Berman Participants thus far has been $246,000. The actual amount could be higher or lower depending on the facts and circumstances arising in connection with any such solicitation.

OTHER PROPOSALS

Except for those proposals set forth under the heading “Other Matters To Be Considered At The 2016 Annual Meeting” in this Proxy Statement, we are not aware of any other matters to be considered at the 2016 Annual Meeting. If, however, the Neuberger Berman Participants learn of any other proposals made a reasonable time before the 2016 Annual Meeting, the Neuberger Berman Participants will either supplement this Proxy Statement or provide stockholders with an opportunity to vote by proxy directly on such matters or will not exercise discretionary authority with respect thereto. While at this time the Neuberger Berman Participants are not aware of any additional items to be proposed at the 2016 Annual Meeting, if other proposals are made after a reasonable time prior to the 2016 Annual Meeting, then in accordance with Rule 14a-4(c)(3) of the Exchange Act, the persons named as proxies on the GOLD proxy card solicited by the Neuberger Berman Participants will vote such proxies in their discretion solely with respect to such matters proposed after a reasonable time prior to the 2016 Annual Meeting. However, this proxy will not confer any discretionary authority to vote at any annual

 

16


meeting or other meeting of shareholders other than the 2016 Annual Meeting, or to vote to adjourn the 2016 Annual Meeting in order to allow the Neuberger Berman Participants to solicit additional proxies.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This Proxy Statement contains forward-looking statements. All statements contained in this Proxy Statement that are not clearly historical in nature or that necessarily depend on future events are forward-looking, and the words “anticipate,” “believe,” “expect,” “potential,” “opportunity,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. The projected results and statements contained in this Proxy Statement that are not historical facts are based on current expectations, speak only as of the date of this Proxy Statement and involve risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such projected results and statements. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Neuberger Berman Participants. Although the Neuberger Berman Participants believe that the assumptions underlying the projected results or forward-looking statements are reasonable as of the date of this Proxy Statement, any of the assumptions could be inaccurate and therefore, there can be no assurance that the projected results or forward-looking statements included in this Proxy Statement will prove to be accurate. In light of the significant uncertainties inherent in the projected results and forward-looking statements included in this Proxy Statement, the inclusion of such information should not be regarded as a representation as to future results or that the objectives and strategic initiatives expressed or implied by such projected results and forward-looking statements will be achieved. Except to the extent required by applicable law, the Neuberger Berman Participants will not undertake and specifically declines any obligation to disclose the results of any revisions that may be made to any projected results or forward-looking statements in this Proxy Statement to reflect events or circumstances after the date of such projected results or statements or to reflect the occurrence of anticipated or unanticipated events.

 

17


SPECIAL INSTRUCTIONS

Please review this Proxy Statement and the enclosed materials carefully. YOUR VOTE IS VERY IMPORTANT, no matter how many or how few shares of Common Stock you own.

 

1. If your shares of Common Stock are registered in your own name, please sign, date and mail the enclosed GOLD proxy card today to Neuberger Berman LLC, c/o Okapi Partners LLC, 1212 Avenue of the Americas, 24th Floor, New York, New York 10036 in the postage-paid envelope provided or instruct us by telephone or via the Internet today as to how you would like your Common Stock voted (instructions are on your GOLD proxy card).

 

2. If your shares of Common Stock are held in the name of a brokerage firm, bank nominee or other institution, only it can sign a GOLD proxy card with respect to your Common Stock and only after receiving your specific instructions. Accordingly, please contact the person responsible for your account and instruct that person to execute and return on your behalf the GOLD proxy card as soon as possible.

 

3. After signing and returning the enclosed GOLD proxy card, we urge you NOT to return Ultratech’s white proxy card because only your latest dated proxy card will be counted.

 

4. If you have previously signed and returned a white proxy card to Ultratech, you have every right to change your vote. Only your latest dated proxy card will count. You may revoke any proxy card already sent to Ultratech by signing, dating and returning the enclosed GOLD proxy card in the postage-paid envelope provided. Proxies may also be revoked at any time prior to exercise by: (i) attending the 2016 Annual Meeting and voting in person (although attendance at the 2016 Annual Meeting will not in and of itself constitute revocation of a proxy) (in order to attend the 2016 Annual Meeting you will need to present a government-issued form of identification), (ii) instructing us by telephone or via the Internet as to how you would like your Common Stock voted (instructions are on your GOLD proxy card), (iii) submitting a properly executed, subsequently dated GOLD proxy card, or (iv) delivering a written notice of revocation. The written notice of revocation may be delivered either to Neuberger Berman LLC, c/o Okapi Partners LLC, 1212 Avenue of the Americas, 24th Floor, New York, New York 10036, or to the Corporate Secretary of Ultratech at 3050 Zanker Road, San Jose, California 95134, or any other address provided by Ultratech.

If you have any questions concerning this Proxy Statement, would like to request additional copies of this Proxy Statement or need help voting your Common Stock, please contact our proxy solicitor:

Okapi Partners LLC

1212 Avenue of the Americas, 24th Floor

New York, New York 10036

(212) 297-0720

Call Toll-Free: (855) 208-8902

Email: info@okapipartners.com

 

18


ANNEX A

The following table sets forth all transactions effected during the last two years by the Neuberger Berman Participants with respect to securities of Ultratech. The shares of Common Stock reported herein are held in either cash accounts or margin accounts in the ordinary course of business. All transactions were effected on the open market.

 

Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     5/1/2014       Buy      1,470         26.87472   
     5/2/2014       Buy      651         26.5533   
     5/5/2014       Sell      82         25.69939   
     5/6/2014       Buy      4         25.45   
     5/6/2014       Sell      890         25.1479   
     5/7/2014       Buy      879         24.3227   
     5/8/2014       Buy      437         24.564   
     5/9/2014       Buy      202         24.16   
     5/9/2014       Sell      20         24.3935   
     5/12/2014       Buy      455         25.0378   
     5/12/2014       Sell      75         24.99933   
     5/13/2014       Buy      96         25.29646   
     5/13/2014       Sell      19         25.19895   
     5/14/2014       Buy      444         24.5777   
     5/15/2014       Buy      70         24.2   
     5/15/2014       Sell      35         24.21943   
     5/16/2014       Buy      315         24.28029   
     5/16/2014       Sell      495         24.2159   
     5/19/2014       Buy      2,060         25.0926   
     5/20/2014       Buy      51         25.06843   
     5/20/2014       Sell      139         24.92942   
     5/21/2014       Buy      1,091         24.6954   
     5/21/2014       Sell      212         24.70637   
     5/22/2014       Buy      135         25.37   
     5/22/2014       Sell      2         25.505   
     5/23/2014       Buy      254         25.59213   
     5/28/2014       Buy      13         25.99923   
     5/28/2014       Sell      72         25.79931   
     5/29/2014       Buy      98         25.4   
     5/29/2014       Sell      101         25.38743   
     5/30/2014       Buy      598         25.40492   
     5/30/2014       Sell      14         25.18929   
     6/2/2014       Buy      488         25.39008   
     6/2/2014       Sell      49         25.03918   
     6/3/2014       Buy      301         24.48505   
     6/3/2014       Sell      7         24.13857   
     6/5/2014       Buy      63         24.86   
     6/6/2014       Buy      250         24.65336   
     6/9/2014       Buy      40         25.39   
     6/10/2014       Buy      325         25.09655   
     6/10/2014       Sell      1         25.08   
     6/11/2014       Buy      71         24.87   
     6/12/2014       Buy      1,094         25.31503   
     6/12/2014       Sell      6         25.37833   
     6/13/2014       Buy      275         25.91273   

 

A-1


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     6/13/2014       Sell      62         25.90935   
     6/16/2014       Buy      250         26.4192   
     6/16/2014       Sell      7         26.30857   
     6/17/2014       Buy      8         26.38125   
     6/18/2014       Buy      35,727         24.28019   
     6/19/2014       Buy      14,692         23.09222   
     6/20/2014       Buy      459         22.76381   
     6/23/2014       Buy      843         22.04826   
     6/23/2014       Sell      35         21.99943   
     6/24/2014       Buy      3,148         22.30031   
     6/25/2014       Buy      18,407         20.82203   
     6/25/2014       Sell      5         20.324   
     6/26/2014       Buy      5,188         21.21264   
     6/26/2014       Sell      206         21.2434   
     6/27/2014       Buy      19         21.91   
     6/27/2014       Sell      5         21.858   
     6/30/2014       Buy      60         22.2   
     7/1/2014       Buy      255         22.87608   
     7/2/2014       Buy      349         23.21298   
     7/3/2014       Buy      152         23.42   
     7/7/2014       Sell      30         24.03933   
     7/8/2014       Buy      276         24.06196   
     7/8/2014       Sell      9         24.03889   
     7/9/2014       Buy      306         24.22552   
     7/10/2014       Sell      49         23.13735   
     7/11/2014       Sell      4         23.94   
     7/14/2014       Buy      504         23.78831   
     7/15/2014       Buy      60         23.655   
     7/16/2014       Buy      593         23.19175   
     7/16/2014       Sell      32         23.20938   
     7/17/2014       Buy      553         23.53002   
     7/17/2014       Sell      116         24.1294   
     7/22/2014       Buy      95         24.22   
     7/22/2014       Sell      80         24.18938   
     7/23/2014       Sell      77         23.56935   
     7/24/2014       Sell      19         23.57947   
     7/25/2014       Sell      3         23.26667   
     7/28/2014       Buy      302         22.9   
     7/29/2014       Buy      149         23.31799   
     7/29/2014       Sell      135         23.20948   
     7/30/2014       Sell      403         23.69228   
     8/1/2014       Buy      15         23.96   
     8/1/2014       Sell      68         23.94397   
     8/4/2014       Buy      80         24.38   
     8/4/2014       Sell      34         24.35941   
     8/5/2014       Buy      5         24.52   
     8/5/2014       Sell      109         24.7045   
     8/6/2014       Buy      126         24.95   
     8/6/2014       Sell      119         24.99941   
     8/7/2014       Buy      90         24.55   
     8/11/2014       Buy      180         24.78   

 

A-2


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     8/11/2014       Sell      43         24.73279   
     8/12/2014       Buy      485         24.36377   
     8/13/2014       Buy      63         24.46   
     8/13/2014       Sell      259         24.57977   
     8/14/2014       Buy      63         24.62   
     8/14/2014       Sell      3         24.63333   
     8/15/2014       Buy      1,277         24.52341   
     8/15/2014       Sell      65         24.54938   
     8/18/2014       Buy      381         24.77234   
     8/18/2014       Sell      3         24.75   
     8/19/2014       Buy      6         25.00833   
     8/20/2014       Buy      192         25.48557   
     8/20/2014       Sell      90         25.24556   
     8/21/2014       Buy      45         25.35667   
     8/21/2014       Sell      62         25.25016   
     8/25/2014       Buy      90         24.92   
     8/25/2014       Sell      3         24.86667   
     8/26/2014       Buy      265         25.26958   
     8/28/2014       Buy      110         25.38182   
     8/28/2014       Sell      251         25.52339   
     8/29/2014       Sell      38         25.72132   
     9/2/2014       Sell      125         27.26416   
     9/3/2014       Buy      6         26.78833   
     9/3/2014       Sell      891         26.71851   
     9/4/2014       Buy      63         26.43   
     9/4/2014       Sell      32         26.39938   
     9/5/2014       Buy      607         26.67269   
     9/8/2014       Sell      34         25.58912   
     9/9/2014       Buy      6         25.925   
     9/9/2014       Sell      121         25.92926   
     9/10/2014       Buy      391         25.67453   
     9/10/2014       Sell      155         25.59961   
     9/11/2014       Buy      397         25.70406   
     9/11/2014       Sell      3         25.94667   
     9/12/2014       Buy      271         25.75631   
     9/15/2014       Buy      258         24.64791   
     9/16/2014       Buy      142         24.5569   
     9/16/2014       Sell      44         24.53932   
     9/17/2014       Sell      403         24.4895   
     9/22/2014       Sell      18         23.61944   
     9/23/2014       Buy      405         23.52864   
     9/23/2014       Sell      61         23.45951   
     9/24/2014       Buy      773         22.8618   
     9/24/2014       Sell      7         22.68714   
     9/25/2014       Buy      993         22.9701   
     9/25/2014       Sell      2         22.935   
     9/26/2014       Buy      263         23.19567   
     9/26/2014       Sell      1         22.86   
     9/29/2014       Buy      272         23.02136   
     9/29/2014       Sell      100         23.2041   
     9/30/2014       Buy      7         23.02857   

 

A-3


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     9/30/2014       Sell      1         22.98   
     10/1/2014       Buy      137         22.57161   
     10/1/2014       Sell      2         22.695   
     10/2/2014       Buy      66         22.42   
     10/6/2014       Sell      17         22.23941   
     10/7/2014       Buy      65         21.99   
     10/7/2014       Sell      61         21.95951   
     10/8/2014       Buy      115         21.77783   
     10/9/2014       Buy      335         21.89164   
     10/10/2014       Buy      156         21.28   
     10/13/2014       Buy      324         20.80852   
     10/15/2014       Buy      176         20.97432   
     10/15/2014       Sell      1,598         20.88891   
     10/16/2014       Buy      315         21.38   
     10/17/2014       Buy      84         21.72595   
     10/17/2014       Sell      3         21.34667   
     10/20/2014       Buy      1,186         21.13676   
     10/21/2014       Buy      2,126         21.28589   
     10/21/2014       Sell      22         21.31909   
     10/22/2014       Buy      545         21.15569   
     10/23/2014       Buy      74,238         17.78844   
     10/23/2014       Sell      1,355         18.0439   
     10/24/2014       Buy      871         17.76879   
     10/24/2014       Sell      692         17.5912   
     10/27/2014       Buy      75,024         17.40261   
     10/27/2014       Sell      575         17.36221   
     10/29/2014       Buy      561         18.24529   
     10/29/2014       Sell      4         18.0575   
     10/30/2014       Buy      454         18.19808   
     10/30/2014       Sell      14         18.24929   
     11/3/2014       Buy      1,545         19.05072   
     11/4/2014       Buy      102         18.7002   
     11/4/2014       Sell      1,328         18.71232   
     11/5/2014       Buy      959         19.122   
     11/5/2014       Sell      784         19.17066   
     11/7/2014       Buy      368         18.39   
     11/10/2014       Sell      748         19.26786   
     11/11/2014       Buy      1,287         19.3332   
     11/11/2014       Sell      48         19.41938   
     11/12/2014       Buy      1,244         19.78227   
     11/12/2014       Sell      10         19.719   
     11/13/2014       Buy      2,079         19.61507   
     11/13/2014       Sell      1,844         19.53296   
     11/14/2014       Buy      51         19.88   
     11/14/2014       Sell      4,812         19.87411   
     11/17/2014       Buy      2,934         19.7053   
     11/17/2014       Sell      3,432         19.57302   
     11/19/2014       Buy      5,355         19.22607   
     11/19/2014       Sell      1,933         18.96767   
     11/20/2014       Buy      1,218         19.17092   
     11/20/2014       Sell      564         19.29606   

 

A-4


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     11/21/2014       Buy      65         19.07985   
     11/21/2014       Sell      1,276         19.05429   
     11/24/2014       Buy      93         19.13   
     11/24/2014       Sell      86         19.07523   
     11/25/2014       Buy      1,947         19.09117   
     11/25/2014       Sell      512         19.02209   
     11/26/2014       Sell      5,148         19.47726   
     11/28/2014       Buy      94         19.79   
     12/1/2014       Buy      989         19.14289   
     12/1/2014       Sell      2,148         18.81608   
     12/2/2014       Sell      301         19.43326   
     12/3/2014       Sell      6,227         19.62452   
     12/4/2014       Buy      18         19.91   
     12/4/2014       Sell      2,992         19.87932   
     12/5/2014       Buy      41         19.88   
     12/5/2014       Sell      989         19.82709   
     12/8/2014       Buy      2,067         19.234   
     12/8/2014       Sell      696         18.68608   
     12/10/2014       Sell      26         18.16923   
     12/11/2014       Sell      3,348         17.78167   
     12/12/2014       Buy      873         17.7349   
     12/12/2014       Sell      194         17.72588   
     12/15/2014       Buy      106         17.58   
     12/15/2014       Sell      370         17.42097   
     12/16/2014       Buy      3,033         17.75903   
     12/16/2014       Sell      43         17.6786   
     12/17/2014       Buy      4,781         17.4272   
     12/17/2014       Sell      1,205         17.47871   
     12/18/2014       Sell      444         17.57975   
     12/19/2014       Buy      5,420         17.68667   
     12/19/2014       Sell      394         17.65799   
     12/22/2014       Buy      2,662         17.70798   
     12/22/2014       Sell      1,492         17.9369   
     12/23/2014       Buy      1,281         18.4338   
     12/23/2014       Sell      1,460         18.26588   
     12/24/2014       Buy      90         18.27   
     12/24/2014       Sell      82         18.365   
     12/26/2014       Buy      117         18.37   
     12/29/2014       Buy      5,695         18.72002   
     12/29/2014       Sell      175         18.69457   
     12/30/2014       Sell      1,138         18.56897   
     12/31/2014       Buy      234         18.58   
     12/31/2014       Sell      870         18.56959   
     1/2/2015       Buy      2,044         18.53047   
     1/2/2015       Sell      898         17.9779   
     1/5/2015       Buy      7,511         18.28306   
     1/5/2015       Sell      21         18.13714   
     1/6/2015       Buy      1,575         17.25116   
     1/6/2015       Sell      58         17.21948   
     1/8/2015       Buy      459         17.68318   
     1/8/2015       Sell      10         17.849   

 

A-5


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     1/9/2015       Buy      7,596         17.66958   
     1/9/2015       Sell      238         17.67639   
     1/12/2015       Buy      3,824         17.19542   
     1/12/2015       Sell      2         17.515   
     1/13/2015       Buy      348         17.65612   
     1/13/2015       Sell      146         16.90281   
     1/14/2015       Buy      198         17.0599   
     1/15/2015       Sell      6         16.44833   
     1/16/2015       Buy      1,603         16.49988   
     1/16/2015       Sell      52         16.63923   
     1/20/2015       Buy      2,234         16.54905   
     1/22/2015       Buy      499         16.378   
     1/22/2015       Sell      89         16.39   
     1/23/2015       Buy      2,127         16.21829   
     1/26/2015       Buy      1,675         16.97261   
     1/26/2015       Sell      9         16.67444   
     1/27/2015       Buy      712         16.79639   
     1/28/2015       Buy      550         16.86815   
     1/28/2015       Sell      109         17.04128   
     1/29/2015       Buy      703         16.51674   
     1/30/2015       Buy      1,340         16.47481   
     2/2/2015       Buy      1,138         16.00914   
     2/2/2015       Sell      62         15.86726   
     2/3/2015       Buy      1,685         16.2646   
     2/3/2015       Sell      20         16.1295   
     2/4/2015       Buy      1,022         16.57833   
     2/4/2015       Sell      209         16.39574   
     2/5/2015       Buy      430         16.8154   
     2/5/2015       Sell      121         17.76545   
     2/6/2015       Buy      1,287         17.56246   
     2/9/2015       Buy      4,287         17.92115   
     2/10/2015       Buy      157         17.71994   
     2/10/2015       Sell      4         17.6875   
     2/11/2015       Buy      316         17.66259   
     2/11/2015       Sell      242         17.62066   
     2/12/2015       Buy      1,498         17.44548   
     2/13/2015       Buy      1,058         17.75035   
     2/17/2015       Buy      395         17.808   
     2/17/2015       Sell      69         17.68957   
     2/18/2015       Buy      872         17.51471   
     2/18/2015       Sell      175         17.43411   
     2/19/2015       Buy      696         17.43448   
     2/20/2015       Buy      463         17.19371   
     2/20/2015       Sell      65         17.06385   
     2/23/2015       Buy      831         17.12407   
     2/23/2015       Sell      4         17.2675   
     2/24/2015       Buy      1,838         17.23162   
     2/24/2015       Sell      20         17.1105   
     2/25/2015       Buy      2,984         17.7384   
     2/26/2015       Buy      398         17.97603   
     2/27/2015       Buy      450         18.07718   

 

A-6


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     3/2/2015       Buy      2,139         18.58172   
     3/3/2015       Sell      46         18.14957   
     3/4/2015       Buy      8,010         18.43669   
     3/5/2015       Buy      274         18.42015   
     3/5/2015       Sell      40         18.3995   
     3/6/2015       Buy      1,468         18.00122   
     3/9/2015       Buy      584         17.81216   
     3/9/2015       Sell      4         17.6875   
     3/10/2015       Buy      45         17.56622   
     3/10/2015       Sell      12         17.49   
     3/11/2015       Buy      313         17.54262   
     3/11/2015       Sell      246         17.58967   
     3/12/2015       Buy      110         17.49   
     3/12/2015       Sell      118         17.64314   
     3/13/2015       Buy      1,468         17.9324   
     3/16/2015       Buy      288         18.8316   
     3/16/2015       Sell      265         18.44966   
     3/17/2015       Buy      1,904         18.91677   
     3/18/2015       Buy      88         18.48205   
     3/18/2015       Sell      5         18.408   
     3/19/2015       Sell      58         18.58966   
     3/20/2015       Buy      661         18.9171   
     3/20/2015       Sell      13         18.91923   
     3/23/2015       Buy      110         18.71027   
     3/23/2015       Sell      52         18.79962   
     3/24/2015       Buy      587         18.77944   
     3/24/2015       Sell      13         19.05923   
     3/25/2015       Buy      134         18.08888   
     3/25/2015       Sell      66         18.45924   
     3/26/2015       Buy      506         17.60581   
     3/26/2015       Sell      448         17.66929   
     3/27/2015       Sell      5         17.408   
     3/30/2015       Buy      207         17.89971   
     3/31/2015       Buy      294         17.54313   
     4/1/2015       Buy      1,739         17.37741   
     4/2/2015       Buy      1,289         17.55482   
     4/2/2015       Sell      70         17.21157   
     4/6/2015       Buy      1,523         17.31076   
     4/6/2015       Sell      118         17.39525   
     4/7/2015       Buy      711         17.29342   
     4/7/2015       Sell      488         17.30172   
     4/8/2015       Buy      105         17.66   
     4/8/2015       Sell      104         17.78423   
     4/9/2015       Buy      897         17.90585   
     4/9/2015       Sell      606         17.76804   
     4/10/2015       Buy      6,974         17.88118   
     4/10/2015       Sell      38         17.80526   
     4/13/2015       Buy      316         18.25054   
     4/13/2015       Sell      57         18.21895   
     4/14/2015       Buy      201         18.38502   
     4/14/2015       Sell      4         18.2675   

 

A-7


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     4/15/2015       Buy      399         18.39501   
     4/16/2015       Buy      475         18.10291   
     4/16/2015       Sell      171         18.09111   
     4/17/2015       Buy      891         17.54083   
     4/17/2015       Sell      3         17.38667   
     4/20/2015       Sell      27         17.99889   
     4/21/2015       Buy      394         18.02784   
     4/21/2015       Sell      19         17.92053   
     4/22/2015       Buy      1,150         17.7908   
     4/22/2015       Sell      323         18.28842   
     4/23/2015       Buy      550         19.02731   
     4/23/2015       Sell      70         19.62814   
     4/24/2015       Buy      125         19.5236   
     4/27/2015       Buy      211         19.59   
     4/27/2015       Sell      8         19.49875   
     4/28/2015       Buy      2,125         19.56813   
     4/28/2015       Sell      6         19.53833   
     4/29/2015       Buy      85         19.91   
     4/29/2015       Sell      134         19.98343   
     5/1/2015       Buy      248         20.37173   
     5/1/2015       Sell      2,837         20.47754   
     5/4/2015       Buy      1,171         20.44058   
     5/4/2015       Sell      3         20.43667   
     5/6/2015       Buy      247         19.78332   
     5/7/2015       Buy      130         20.22   
     5/7/2015       Sell      15         20.26933   
     5/8/2015       Buy      426         20.47   
     5/11/2015       Sell      2         20.6   
     5/12/2015       Buy      631         20.27374   
     5/13/2015       Buy      1,061         20.51805   
     5/14/2015       Buy      285         20.89   
     5/14/2015       Sell      85         20.83953   
     5/15/2015       Buy      136         20.76478   
     5/18/2015       Buy      204         20.44   
     5/19/2015       Buy      85         20.49906   
     5/20/2015       Buy      650         20.34071   
     5/21/2015       Buy      1,884         20.28222   
     5/22/2015       Buy      408         20.15696   
     5/22/2015       Sell      54         20.17407   
     5/26/2015       Buy      2,205         20.05458   
     5/26/2015       Sell      88         19.79955   
     5/28/2015       Buy      190         20.10295   
     5/28/2015       Sell      45         20.09   
     5/29/2015       Buy      1,013         19.9355   
     6/1/2015       Buy      332         19.81087   
     6/1/2015       Sell      105         19.95162   
     6/2/2015       Buy      838         19.91117   
     6/2/2015       Sell      14         19.95929   
     6/3/2015       Buy      195         20.41021   
     6/3/2015       Sell      3         20.39667   
     6/4/2015       Buy      7,550         20.2558   

 

A-8


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     6/5/2015       Buy      400         19.8096   
     6/5/2015       Sell      55         19.79018   
     6/9/2015       Buy      1,090         19.53832   
     6/10/2015       Sell      80         19.74438   
     6/11/2015       Buy      5,171         19.96164   
     6/12/2015       Buy      210         20.12929   
     6/15/2015       Buy      1,563         19.25663   
     6/15/2015       Sell      26         19.34885   
     6/16/2015       Buy      890         19.68458   
     6/16/2015       Sell      16         19.74938   
     6/17/2015       Buy      1,415         19.47101   
     6/17/2015       Sell      280         19.35957   
     6/18/2015       Buy      718         19.22579   
     6/18/2015       Sell      844         19.0889   
     6/19/2015       Buy      1,084         18.51935   
     6/19/2015       Sell      201         18.5492   
     6/22/2015       Buy      2,080         18.62829   
     6/22/2015       Sell      2         18.845   
     6/23/2015       Buy      82         18.89671   
     6/23/2015       Sell      146         18.955   
     6/24/2015       Buy      390         18.99664   
     6/24/2015       Sell      38         19   
     6/25/2015       Buy      1,002         19.22436   
     6/25/2015       Sell      80         19.17963   
     6/26/2015       Buy      687         18.94057   
     6/26/2015       Sell      111         18.80234   
     6/29/2015       Buy      65         18.58985   
     6/30/2015       Buy      455         18.60655   
     6/30/2015       Sell      16         18.58938   
     7/1/2015       Buy      170         18.668   
     7/2/2015       Buy      934         18.71059   
     7/2/2015       Sell      91         18.69692   
     7/6/2015       Buy      65         18.71   
     7/6/2015       Sell      44         18.64045   
     7/7/2015       Buy      3,588         18.10374   
     7/7/2015       Sell      95         17.98968   
     7/9/2015       Buy      5,184         18.29902   
     7/9/2015       Sell      24         18.18875   
     7/10/2015       Buy      2,021         17.92619   
     7/10/2015       Sell      51         18.00824   
     7/13/2015       Buy      4,957         18.41414   
     7/13/2015       Sell      55         18.44964   
     7/14/2015       Buy      110         18.48091   
     7/14/2015       Sell      86         18.42965   
     7/15/2015       Buy      1,882         18.09366   
     7/15/2015       Sell      337         18.05964   
     7/16/2015       Buy      810         17.54102   
     7/16/2015       Sell      12         17.08917   
     7/17/2015       Buy      337         16.91706   
     7/20/2015       Buy      819         16.90433   
     7/20/2015       Sell      2         16.865   

 

A-9


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     7/21/2015       Buy      429         16.91179   
     7/22/2015       Buy      32         16.19   
     7/22/2015       Sell      40         16.1695   
     7/23/2015       Buy      5,647         16.063   
     7/23/2015       Sell      48         16.50958   
     7/24/2015       Buy      34,841         15.67133   
     7/27/2015       Buy      973         15.70728   
     7/27/2015       Sell      150         15.50367   
     7/28/2015       Buy      611         15.62499   
     7/29/2015       Buy      483         15.83308   
     7/30/2015       Buy      868         15.84515   
     7/30/2015       Sell      20         15.879   
     7/31/2015       Buy      425         15.90955   
     7/31/2015       Sell      50         15.9796   
     8/3/2015       Buy      330         15.77091   
     8/4/2015       Buy      671         16.19745   
     8/4/2015       Sell      471         16.16609   
     8/5/2015       Buy      324         16.55201   
     8/5/2015       Sell      216         16.42755   
     8/6/2015       Buy      3,032         16.6222   
     8/13/2015       Sell      309         16.47935   
     8/14/2015       Sell      29         16.6   
     8/20/2015       Sell      12         15.29917   
     8/25/2015       Sell      40         15.6995   
     8/27/2015       Buy      135         16.49   
     8/28/2015       Buy      15,897         16.83781   
     8/28/2015       Sell      535         16.72914   
     9/2/2015       Buy      490         16.815   
     9/3/2015       Buy      80         17.196   
     9/3/2015       Sell      200         17.16995   
     9/4/2015       Buy      4,281         16.77821   
     9/4/2015       Sell      228         16.76956   
     9/11/2015       Buy      6,616         16.69163   
     9/11/2015       Sell      147         16.69857   
     9/14/2015       Buy      125         16.37496   
     9/14/2015       Sell      95         16.34979   
     9/15/2015       Buy      220         16.58359   
     9/18/2015       Buy      1,839         16.63706   
     9/18/2015       Sell      145         16.63034   
     9/21/2015       Sell      305         16.76298   
     9/22/2015       Sell      508         16.49589   
     9/25/2015       Buy      13,439         16.10658   
     9/25/2015       Sell      50         16.049   
     9/29/2015       Buy      655         15.772   
     9/29/2015       Sell      200         15.7777   
     9/30/2015       Buy      220         16.276   
     10/1/2015       Buy      345         15.836   
     10/1/2015       Sell      285         15.62768   
     10/2/2015       Buy      5,025         15.4065   
     10/2/2015       Sell      52         15.45904   
     10/5/2015       Buy      175         16.37   

 

A-10


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     10/5/2015       Sell      200         16.3396   
     10/6/2015       Buy      2,215         16.4671   
     10/6/2015       Sell      4,095         16.46029   
     10/7/2015       Buy      160         16.464   
     10/9/2015       Buy      4,051         16.79315   
     10/14/2015       Sell      3,015         15.39005   
     10/16/2015       Buy      1,610         15.83445   
     10/16/2015       Sell      3,485         15.68123   
     10/19/2015       Sell      4,054         15.62957   
     10/20/2015       Sell      9,350         15.83696   
     10/21/2015       Sell      3,453         15.5121   
     10/23/2015       Buy      2,735         14.43996   
     10/23/2015       Sell      1,448         15.00122   
     10/26/2015       Buy      235         14.91   
     10/26/2015       Sell      256         15.10738   
     10/28/2015       Sell      1,656         15.84841   
     10/29/2015       Buy      1,170         15.54487   
     10/29/2015       Sell      398         15.60264   
     10/30/2015       Buy      6,542         15.63712   
     11/3/2015       Buy      275         16.22502   
     11/3/2015       Sell      855         16.2462   
     11/4/2015       Sell      2,053         15.9447   
     11/5/2015       Sell      2,438         15.73734   
     11/6/2015       Buy      2,510         16.00998   
     11/6/2015       Sell      12,101         15.98801   
     11/9/2015       Sell      860         15.69914   
     11/10/2015       Sell      5,811         15.45763   
     11/11/2015       Buy      290         15.32652   
     11/11/2015       Sell      2,233         15.40333   
     11/12/2015       Sell      4,339         15.27401   
     11/13/2015       Buy      6,686         15.2526   
     11/13/2015       Sell      3,793         15.22928   
     11/17/2015       Buy      250         15.2104   
     11/17/2015       Sell      5,967         15.22531   
     11/18/2015       Buy      240         15.21713   
     11/18/2015       Sell      5,633         15.5644   
     11/19/2015       Buy      180         15.88472   
     11/19/2015       Sell      4,235         15.7515   
     11/20/2015       Buy      11,179         16.33107   
     11/20/2015       Sell      10,464         16.30704   
     11/23/2015       Sell      1,173         16.30097   
     11/24/2015       Sell      16,305         16.2918   
     11/25/2015       Buy      14,099         16.4505   
     11/25/2015       Sell      4,807         16.43689   
     11/27/2015       Buy      445         16.54   
     11/30/2015       Sell      901         16.73503   
     12/1/2015       Sell      5,834         16.64169   
     12/2/2015       Buy      290         17.00921   
     12/3/2015       Buy      1,375         17.11092   
     12/3/2015       Sell      7,090         17.04842   
     12/4/2015       Buy      3,574         17.4931   

 

A-11


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     12/4/2015       Sell      473         17.36338   
     12/7/2015       Buy      905         17.5757   
     12/8/2015       Sell      757         17.41367   
     12/9/2015       Buy      10,140         17.4861   
     12/9/2015       Sell      505         17.30267   
     12/11/2015       Buy      13,403         18.05928   
     12/11/2015       Sell      63         18.01667   
     12/14/2015       Buy      1,540         17.58981   
     12/14/2015       Sell      69         17.48493   
     12/15/2015       Sell      629         17.69362   
     12/16/2015       Sell      7,079         17.98453   
     12/17/2015       Sell      1,939         18.21493   
     12/18/2015       Buy      16,116         18.6949   
     12/18/2015       Sell      152         18.67618   
     12/21/2015       Sell      1,917         18.74815   
     12/22/2015       Buy      7,290         19.5667   
     12/23/2015       Buy      1,820         19.8676   
     12/23/2015       Sell      2,465         19.9521   
     12/24/2015       Buy      16,800         20.31979   
     12/24/2015       Sell      20         20.0695   
     12/28/2015       Sell      10         19.919   
     12/29/2015       Buy      570         19.95811   
     12/29/2015       Sell      1,565         19.93152   
     12/30/2015       Buy      3,655         19.97502   
     12/30/2015       Sell      1,620         19.87043   
     12/31/2015       Buy      23,082         19.82697   
     12/31/2015       Sell      2,506         19.72512   
     1/4/2016       Buy      3,935         19.5389   
     1/5/2016       Sell      50         19.5098   
     1/6/2016       Buy      215         19.68233   
     1/8/2016       Buy      16,171         18.83361   
     1/8/2016       Sell      351         18.86407   
     1/11/2016       Buy      465         18.3866   
     1/12/2016       Sell      75         17.89973   
     1/14/2016       Buy      140         18.0185   
     1/15/2016       Buy      7,861         18.18053   
     1/15/2016       Sell      250         18.1196   
     1/19/2016       Buy      1,085         18.0307   
     1/19/2016       Sell      150         18.0646   
     1/20/2016       Buy      70         18.27957   
     1/20/2016       Sell      800         17.84894   
     1/22/2016       Buy      14,524         19.58015   
     1/22/2016       Sell      465         19.32359   
     1/25/2016       Buy      30         19.28   
     1/27/2016       Buy      390         19.60259   
     1/27/2016       Sell      150         19.45153   
     1/28/2016       Buy      580         19.38745   
     1/28/2016       Sell      270         19.54596   
     1/29/2016       Buy      6,877         20.0846   
     1/29/2016       Sell      186         20.06387   
     2/2/2016       Buy      4,435         20.2188   

 

A-12


Neuberger Berman LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     2/3/2016       Buy      605         19.76906   
     2/5/2016       Buy      3,620         18.11057   
     2/5/2016       Sell      194         18.02959   
     2/10/2016       Sell      155         17.60032   
     2/12/2016       Buy      2,761         18.2853   
     2/12/2016       Sell      5         18.278   
     2/16/2016       Sell      245         18.58763   
     2/17/2016       Sell      460         18.95498   
     2/19/2016       Buy      1,645         19.243   
     2/22/2016       Sell      15         19.45933   
     2/24/2016       Buy      840         19.8364   
     2/25/2016       Buy      3,863         20.00966   
     3/1/2016       Sell      45         20.20956   
     3/2/2016       Buy      3,579         20.2278   
     3/2/2016       Sell      252         20.10786   
     3/4/2016       Sell      25         19.7092   
     3/7/2016       Buy      1,238         19.7441   
     3/8/2016       Buy      80         19.818   
     3/9/2016       Buy      65         19.67985   
     3/11/2016       Buy      2,818         20.8796   
     3/11/2016       Sell      170         20.80941   
     3/15/2016       Sell      100         20.8896   
     3/16/2016       Buy      25         21.09   
     3/18/2016       Buy      5,982         22.25047   
     3/18/2016       Sell      392         22.1663   
     3/21/2016       Sell      20         22.2195   
     3/22/2016       Sell      536         22.0297   
     3/23/2016       Buy      80         21.43988   
     3/24/2016       Buy      1,646         21.1451   
     3/24/2016       Sell      56         21.04857   
     4/1/2016       Buy      3,711         21.8385   
     4/1/2016       Sell      286         21.81241   
     4/8/2016       Buy      980         20.5161   
     4/8/2016       Sell      99         20.50162   
     4/13/2016       Buy      33         20.91   
     4/15/2016       Buy      2,814         21.36695   
     4/15/2016       Sell      170         21.30947   
     4/18/2016       Buy      100         21.63   
     4/19/2016       Buy      80         21.63   
     4/19/2016       Sell      140         21.47043   
     4/22/2016       Buy      3,113         22.1485   
     4/22/2016       Sell      620         22.12606   
     4/29/2016       Buy      775         21.37581   
     4/29/2016       Sell      56         21.39911   
     5/4/2016       Sell      140         21.43079   
     5/6/2016       Buy      512         20.81045   
     5/6/2016       Sell      541         20.74832   
     5/11/2016       Buy      164         21.09   
     5/11/2016       Sell      324         21.06256   
     5/12/2016       Buy      100         20.8049   
     5/12/2016       Sell      53         20.57566   
     5/17/2016       Sell      170         20.39153   
     5/18/2016       Buy      3,524         20.3241   

 

A-13


Neuberger Berman LLC

   Date      Buy/Sell      Units Quantity      Average Price  
     5/20/2016         Buy         449         20.61   
     5/20/2016         Sell         100         20.57   
     5/23/2016         Sell         40         20.85   
     5/27/2016         Buy         176         22.47   
     5/27/2016         Sell         70         22.51   
     5/31/2016         Buy         135         22.78   
     5/31/2016         Sell         59         22.7   
     6/2/2016         Buy         260         22.96   
     6/2/2016         Sell         63         23.00   
     6/3/2016         Buy         181         23.08   
     6/3/2016         Sell         11         23.06   
     6/8/2016         Sell         25         23.39   

Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell      Units Quantity      Average Price  
     5/1/2014         Buy         1,570         26.87278   
     5/2/2014         Buy         651         26.5533   
     5/5/2014         Sell         82         25.69939   
     5/6/2014         Buy         4         25.45   
     5/6/2014         Sell         890         25.1479   
     5/7/2014         Buy         899         24.32686   
     5/8/2014         Buy         437         24.564   
     5/9/2014         Buy         202         24.16   
     5/9/2014         Sell         20         24.3935   
     5/12/2014         Buy         455         25.0378   
     5/12/2014         Sell         75         24.99933   
     5/13/2014         Buy         96         25.29646   
     5/13/2014         Sell         19         25.19895   
     5/14/2014         Buy         444         24.5777   
     5/15/2014         Buy         70         24.2   
     5/15/2014         Sell         235         24.29655   
     5/16/2014         Buy         315         24.28029   
     5/16/2014         Sell         495         24.2159   
     5/19/2014         Buy         2,060         25.0926   
     5/20/2014         Buy         51         25.06843   
     5/20/2014         Sell         139         24.92942   
     5/21/2014         Buy         1,091         24.6954   
     5/21/2014         Sell         212         24.70637   
     5/22/2014         Buy         135         25.37   
     5/22/2014         Sell         2         25.505   
     5/23/2014         Buy         254         25.59213   
     5/28/2014         Buy         13         25.99923   
     5/28/2014         Sell         72         25.79931   
     5/29/2014         Buy         98         25.4   
     5/29/2014         Sell         101         25.38743   
     5/30/2014         Buy         598         25.40492   
     5/30/2014         Sell         14         25.18929   
     6/2/2014         Buy         488         25.39008   
     6/2/2014         Sell         49         25.03918   
     6/3/2014         Buy         301         24.48505   
     6/3/2014         Sell         7         24.13857   
     6/5/2014         Buy         63         24.86   
     6/6/2014         Buy         250         24.65336   
     6/9/2014         Buy         40         25.39   

 

A-14


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     6/10/2014       Buy      325         25.09655   
     6/10/2014       Sell      1         25.08   
     6/11/2014       Buy      71         24.87   
     6/12/2014       Buy      1,094         25.31503   
     6/12/2014       Sell      6         25.37833   
     6/13/2014       Buy      275         25.91273   
     6/13/2014       Sell      62         25.90935   
     6/16/2014       Buy      250         26.4192   
     6/16/2014       Sell      457         26.28556   
     6/17/2014       Buy      8         26.38125   
     6/18/2014       Buy      101,767         24.43251   
     6/19/2014       Buy      44,322         22.95664   
     6/19/2014       Sell      400         22.63128   
     6/20/2014       Buy      459         22.76381   
     6/20/2014       Sell      350         22.64949   
     6/23/2014       Buy      843         22.04826   
     6/23/2014       Sell      35         21.99943   
     6/24/2014       Buy      3,148         22.30031   
     6/25/2014       Buy      18,407         20.82203   
     6/25/2014       Sell      905         20.93335   
     6/26/2014       Buy      5,483         21.21144   
     6/26/2014       Sell      206         21.2434   
     6/27/2014       Buy      19         21.91   
     6/27/2014       Sell      5         21.858   
     6/30/2014       Buy      60         22.2   
     7/1/2014       Buy      255         22.87608   
     7/2/2014       Buy      349         23.21298   
     7/3/2014       Buy      152         23.42   
     7/7/2014       Sell      30         24.03933   
     7/8/2014       Buy      276         24.06196   
     7/8/2014       Sell      9         24.03889   
     7/9/2014       Buy      306         24.22552   
     7/10/2014       Sell      49         23.13735   
     7/11/2014       Sell      4         23.94   
     7/14/2014       Buy      504         23.78831   
     7/15/2014       Buy      60         23.655   
     7/16/2014       Buy      593         23.19175   
     7/16/2014       Sell      32         23.20938   
     7/17/2014       Buy      23,053         23.27477   
     7/17/2014       Sell      116         24.1294   
     7/22/2014       Buy      95         24.22   
     7/22/2014       Sell      1,930         24.08987   
     7/23/2014       Sell      77         23.56935   
     7/24/2014       Sell      19         23.57947   
     7/25/2014       Buy      64,550         23.1741   
     7/25/2014       Sell      3         23.26667   
     7/28/2014       Buy      302         22.9   
     7/29/2014       Buy      149         23.31799   
     7/29/2014       Sell      135         23.20948   
     7/30/2014       Sell      403         23.69228   
     8/1/2014       Buy      15         23.96   
     8/1/2014       Sell      68         23.94397   

 

A-15


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     8/4/2014       Buy      80         24.38   
     8/4/2014       Sell      34         24.35941   
     8/5/2014       Buy      5         24.52   
     8/5/2014       Sell      2,809         24.70378   
     8/6/2014       Buy      126         24.95   
     8/6/2014       Sell      119         24.99941   
     8/7/2014       Buy      90         24.55   
     8/11/2014       Buy      180         24.78   
     8/11/2014       Sell      43         24.73279   
     8/12/2014       Buy      485         24.36377   
     8/13/2014       Buy      63         24.46   
     8/13/2014       Sell      259         24.57977   
     8/14/2014       Buy      63         24.62   
     8/14/2014       Sell      3         24.63333   
     8/15/2014       Buy      1,277         24.52341   
     8/15/2014       Sell      65         24.54938   
     8/18/2014       Buy      381         24.77234   
     8/18/2014       Sell      3         24.75   
     8/19/2014       Buy      6         25.00833   
     8/20/2014       Buy      192         25.48557   
     8/20/2014       Sell      90         25.24556   
     8/21/2014       Buy      45         25.35667   
     8/21/2014       Sell      62         25.25016   
     8/25/2014       Buy      90         24.92   
     8/25/2014       Sell      3         24.86667   
     8/26/2014       Buy      265         25.26958   
     8/28/2014       Buy      110         25.38182   
     8/28/2014       Sell      251         25.52339   
     8/29/2014       Sell      38         25.72132   
     9/2/2014       Sell      125         27.26416   
     9/3/2014       Buy      6         26.78833   
     9/3/2014       Sell      891         26.71851   
     9/4/2014       Buy      63         26.43   
     9/4/2014       Sell      32         26.39938   
     9/5/2014       Buy      607         26.67269   
     9/8/2014       Sell      34         25.58912   
     9/9/2014       Buy      6         25.925   
     9/9/2014       Sell      121         25.92926   
     9/10/2014       Buy      391         25.67453   
     9/10/2014       Sell      155         25.59961   
     9/11/2014       Buy      397         25.70406   
     9/11/2014       Sell      3         25.94667   
     9/12/2014       Buy      271         25.75631   
     9/15/2014       Buy      258         24.64791   
     9/16/2014       Buy      142         24.5569   
     9/16/2014       Sell      44         24.53932   
     9/17/2014       Sell      403         24.4895   
     9/22/2014       Sell      418         23.48359   
     9/23/2014       Buy      405         23.52864   
     9/23/2014       Sell      61         23.45951   
     9/24/2014       Buy      773         22.8618   
     9/24/2014       Sell      7         22.68714   

 

A-16


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     9/25/2014       Buy      993         22.9701   
     9/25/2014       Sell      2         22.935   
     9/26/2014       Buy      263         23.19567   
     9/26/2014       Sell      1         22.86   
     9/29/2014       Buy      272         23.02136   
     9/29/2014       Sell      100         23.2041   
     9/30/2014       Buy      7         23.02857   
     9/30/2014       Sell      1         22.98   
     10/1/2014       Buy      137         22.57161   
     10/1/2014       Sell      2         22.695   
     10/2/2014       Buy      66         22.42   
     10/6/2014       Sell      17         22.23941   
     10/7/2014       Buy      65         21.99   
     10/7/2014       Sell      61         21.95951   
     10/8/2014       Buy      115         21.77783   
     10/9/2014       Buy      335         21.89164   
     10/10/2014       Buy      156         21.28   
     10/13/2014       Buy      324         20.80852   
     10/15/2014       Buy      176         20.97432   
     10/15/2014       Sell      1,598         20.88891   
     10/16/2014       Buy      315         21.38   
     10/17/2014       Buy      84         21.72595   
     10/17/2014       Sell      3         21.34667   
     10/20/2014       Buy      1,186         21.13676   
     10/21/2014       Buy      2,126         21.28589   
     10/21/2014       Sell      22         21.31909   
     10/22/2014       Buy      545         21.15569   
     10/23/2014       Buy      341,313         17.77941   
     10/23/2014       Sell      1,355         18.0439   
     10/24/2014       Buy      28,871         17.68248   
     10/24/2014       Sell      692         17.5912   
     10/27/2014       Buy      105,904         17.44977   
     10/27/2014       Sell      575         17.36221   
     10/29/2014       Buy      8,761         18.19026   
     10/29/2014       Sell      104         18.30731   
     10/30/2014       Buy      3,654         18.17516   
     10/30/2014       Sell      14         18.24929   
     11/3/2014       Buy      1,545         19.05072   
     11/4/2014       Buy      102         18.7002   
     11/4/2014       Sell      1,328         18.71232   
     11/5/2014       Buy      959         19.122   
     11/5/2014       Sell      784         19.17066   
     11/7/2014       Buy      368         18.39   
     11/10/2014       Buy      5,000         19.1776   
     11/10/2014       Sell      748         19.26786   
     11/11/2014       Buy      4,287         19.45601   
     11/11/2014       Sell      48         19.41938   
     11/12/2014       Buy      1,244         19.78227   
     11/12/2014       Sell      10         19.719   
     11/13/2014       Buy      2,079         19.61507   
     11/13/2014       Sell      1,844         19.53296   
     11/14/2014       Buy      3,951         20.03882   

 

A-17


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     11/14/2014       Sell      4,812         19.87411   
     11/17/2014       Buy      2,934         19.7053   
     11/17/2014       Sell      3,432         19.57302   
     11/19/2014       Buy      5,355         19.22607   
     11/19/2014       Sell      1,933         18.96767   
     11/20/2014       Buy      1,218         19.17092   
     11/20/2014       Sell      564         19.29606   
     11/21/2014       Buy      65         19.07985   
     11/21/2014       Sell      1,276         19.05429   
     11/24/2014       Buy      93         19.13   
     11/24/2014       Sell      86         19.07523   
     11/25/2014       Buy      1,947         19.09117   
     11/25/2014       Sell      512         19.02209   
     11/26/2014       Sell      5,148         19.47726   
     11/28/2014       Buy      94         19.79   
     12/1/2014       Buy      989         19.14289   
     12/1/2014       Sell      2,148         18.81608   
     12/2/2014       Sell      301         19.43326   
     12/3/2014       Sell      6,227         19.62452   
     12/4/2014       Buy      18         19.91   
     12/4/2014       Sell      2,992         19.87932   
     12/5/2014       Buy      41         19.88   
     12/5/2014       Sell      989         19.82709   
     12/8/2014       Buy      2,067         19.234   
     12/8/2014       Sell      1,046         18.71198   
     12/10/2014       Sell      26         18.16923   
     12/11/2014       Sell      3,348         17.78167   
     12/12/2014       Buy      873         17.7349   
     12/12/2014       Sell      3,544         17.61068   
     12/15/2014       Buy      106         17.58   
     12/15/2014       Sell      370         17.42097   
     12/16/2014       Buy      3,033         17.75903   
     12/16/2014       Sell      43         17.6786   
     12/17/2014       Buy      4,781         17.4272   
     12/17/2014       Sell      1,205         17.47871   
     12/18/2014       Sell      444         17.57975   
     12/19/2014       Buy      5,420         17.68667   
     12/19/2014       Sell      394         17.65799   
     12/22/2014       Buy      2,662         17.70798   
     12/22/2014       Sell      1,492         17.9369   
     12/23/2014       Buy      1,281         18.4338   
     12/23/2014       Sell      1,460         18.26588   
     12/24/2014       Buy      90         18.27   
     12/24/2014       Sell      4,682         18.27549   
     12/26/2014       Buy      117         18.37   
     12/26/2014       Sell      4,600         18.51759   
     12/29/2014       Buy      5,695         18.72002   
     12/29/2014       Sell      10,942         18.66753   
     12/30/2014       Sell      5,671         18.67801   
     12/31/2014       Buy      5,934         18.73427   
     12/31/2014       Sell      870         18.56959   
     1/2/2015       Buy      2,044         18.53047   

 

A-18


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     1/2/2015       Sell      898         17.9779   
     1/5/2015       Buy      7,511         18.28306   
     1/5/2015       Sell      21         18.13714   
     1/6/2015       Buy      1,575         17.25116   
     1/6/2015       Sell      58         17.21948   
     1/8/2015       Buy      459         17.68318   
     1/8/2015       Sell      10         17.849   
     1/9/2015       Buy      7,596         17.66958   
     1/9/2015       Sell      238         17.67639   
     1/12/2015       Buy      3,824         17.19542   
     1/12/2015       Sell      2         17.515   
     1/13/2015       Buy      348         17.65612   
     1/13/2015       Sell      146         16.90281   
     1/14/2015       Buy      198         17.0599   
     1/15/2015       Buy      4,000         16.2655   
     1/15/2015       Sell      6         16.44833   
     1/16/2015       Buy      1,603         16.49988   
     1/16/2015       Sell      52         16.63923   
     1/20/2015       Buy      2,234         16.54905   
     1/22/2015       Buy      499         16.378   
     1/22/2015       Sell      89         16.39   
     1/23/2015       Buy      2,127         16.21829   
     1/26/2015       Buy      1,675         16.97261   
     1/26/2015       Sell      7,109         16.70539   
     1/27/2015       Buy      712         16.79639   
     1/27/2015       Sell      7,100         16.77143   
     1/28/2015       Buy      550         16.86815   
     1/28/2015       Sell      109         17.04128   
     1/29/2015       Buy      6,703         16.48743   
     1/30/2015       Buy      1,340         16.47481   
     1/30/2015       Sell      550         16.27195   
     2/2/2015       Buy      1,138         16.00914   
     2/2/2015       Sell      62         15.86726   
     2/3/2015       Buy      1,685         16.2646   
     2/3/2015       Sell      20         16.1295   
     2/4/2015       Buy      1,022         16.57833   
     2/4/2015       Sell      209         16.39574   
     2/5/2015       Buy      430         16.8154   
     2/5/2015       Sell      121         17.76545   
     2/6/2015       Buy      1,287         17.56246   
     2/9/2015       Buy      5,237         17.89836   
     2/10/2015       Buy      157         17.71994   
     2/10/2015       Sell      4         17.6875   
     2/11/2015       Buy      316         17.66259   
     2/11/2015       Sell      242         17.62066   
     2/12/2015       Buy      1,498         17.44548   
     2/13/2015       Buy      1,058         17.75035   
     2/17/2015       Buy      3,195         17.73763   
     2/17/2015       Sell      69         17.68957   
     2/18/2015       Buy      872         17.51471   
     2/18/2015       Sell      175         17.43411   
     2/19/2015       Buy      3,496         17.37771   

 

A-19


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     2/20/2015       Buy      463         17.19371   
     2/20/2015       Sell      65         17.06385   
     2/23/2015       Buy      5,431         17.3239   
     2/23/2015       Sell      4         17.2675   
     2/24/2015       Buy      1,838         17.23162   
     2/24/2015       Sell      4,320         17.31602   
     2/25/2015       Buy      2,984         17.7384   
     2/26/2015       Buy      398         17.97603   
     2/26/2015       Sell      9,200         17.93177   
     2/27/2015       Buy      450         18.07718   
     3/2/2015       Buy      2,139         18.58172   
     3/3/2015       Sell      46         18.14957   
     3/4/2015       Buy      8,010         18.43669   
     3/5/2015       Buy      274         18.42015   
     3/5/2015       Sell      40         18.3995   
     3/6/2015       Buy      1,468         18.00122   
     3/9/2015       Buy      584         17.81216   
     3/9/2015       Sell      4         17.6875   
     3/10/2015       Buy      45         17.56622   
     3/10/2015       Sell      12         17.49   
     3/11/2015       Buy      43,763         17.49196   
     3/11/2015       Sell      246         17.58967   
     3/12/2015       Buy      110         17.49   
     3/12/2015       Sell      118         17.64314   
     3/13/2015       Buy      1,468         17.9324   
     3/16/2015       Buy      288         18.8316   
     3/16/2015       Sell      265         18.44966   
     3/17/2015       Buy      1,904         18.91677   
     3/18/2015       Buy      88         18.48205   
     3/18/2015       Sell      5         18.408   
     3/19/2015       Sell      58         18.58966   
     3/20/2015       Buy      661         18.9171   
     3/20/2015       Sell      13         18.91923   
     3/23/2015       Buy      110         18.71027   
     3/23/2015       Sell      52         18.79962   
     3/24/2015       Buy      6,087         18.94349   
     3/24/2015       Sell      13         19.05923   
     3/25/2015       Buy      134         18.08888   
     3/25/2015       Sell      66         18.45924   
     3/26/2015       Buy      646         17.62054   
     3/26/2015       Sell      448         17.66929   
     3/27/2015       Buy      1,500         17.4203   
     3/27/2015       Sell      5         17.408   
     3/30/2015       Buy      207         17.89971   
     3/31/2015       Buy      294         17.54313   
     4/1/2015       Buy      1,739         17.37741   
     4/2/2015       Buy      1,289         17.55482   
     4/2/2015       Sell      70         17.21157   
     4/6/2015       Buy      1,523         17.31076   
     4/6/2015       Sell      118         17.39525   
     4/7/2015       Buy      711         17.29342   
     4/7/2015       Sell      488         17.30172   

 

A-20


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     4/8/2015       Buy      105         17.66   
     4/8/2015       Sell      104         17.78423   
     4/9/2015       Buy      15,297         17.77684   
     4/9/2015       Sell      606         17.76804   
     4/10/2015       Buy      6,974         17.88118   
     4/10/2015       Sell      38         17.80526   
     4/13/2015       Buy      316         18.25054   
     4/13/2015       Sell      57         18.21895   
     4/14/2015       Buy      10,901         18.43496   
     4/14/2015       Sell      4         18.2675   
     4/15/2015       Buy      399         18.39501   
     4/16/2015       Buy      475         18.10291   
     4/16/2015       Sell      171         18.09111   
     4/17/2015       Buy      891         17.54083   
     4/17/2015       Sell      3         17.38667   
     4/20/2015       Sell      27         17.99889   
     4/21/2015       Buy      394         18.02784   
     4/21/2015       Sell      19         17.92053   
     4/22/2015       Buy      1,150         17.7908   
     4/22/2015       Sell      323         18.28842   
     4/23/2015       Buy      550         19.02731   
     4/23/2015       Sell      70         19.62814   
     4/24/2015       Buy      125         19.5236   
     4/27/2015       Buy      211         19.59   
     4/27/2015       Sell      8         19.49875   
     4/28/2015       Buy      2,125         19.56813   
     4/28/2015       Sell      6         19.53833   
     4/29/2015       Buy      420         19.78238   
     4/29/2015       Sell      134         19.98343   
     4/30/2015       Buy      785         19.98571   
     5/1/2015       Buy      248         20.37173   
     5/1/2015       Sell      2,837         20.47754   
     5/4/2015       Buy      1,171         20.44058   
     5/4/2015       Sell      3         20.43667   
     5/6/2015       Buy      7,847         19.81846   
     5/7/2015       Buy      130         20.22   
     5/7/2015       Sell      15         20.26933   
     5/8/2015       Buy      426         20.47   
     5/11/2015       Sell      2         20.6   
     5/12/2015       Buy      631         20.27374   
     5/13/2015       Buy      9,161         20.55682   
     5/14/2015       Buy      285         20.89   
     5/14/2015       Sell      85         20.83953   
     5/15/2015       Buy      1,836         20.67609   
     5/18/2015       Buy      204         20.44   
     5/18/2015       Sell      950         20.47642   
     5/19/2015       Buy      85         20.49906   
     5/20/2015       Buy      650         20.34071   
     5/21/2015       Buy      1,884         20.28222   
     5/22/2015       Buy      408         20.15696   
     5/22/2015       Sell      54         20.17407   
     5/26/2015       Buy      9,005         19.80721   

 

A-21


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     5/26/2015       Sell      88         19.79955   
     5/28/2015       Buy      190         20.10295   
     5/28/2015       Sell      45         20.09   
     5/29/2015       Buy      1,013         19.9355   
     6/1/2015       Buy      332         19.81087   
     6/1/2015       Sell      105         19.95162   
     6/2/2015       Buy      11,088         19.98025   
     6/2/2015       Sell      14         19.95929   
     6/3/2015       Buy      33,495         20.43899   
     6/3/2015       Sell      3         20.39667   
     6/4/2015       Buy      7,890         20.2558   
     6/5/2015       Buy      400         19.8096   
     6/5/2015       Sell      55         19.79018   
     6/9/2015       Buy      1,090         19.53832   
     6/10/2015       Buy      8,200         19.8273   
     6/10/2015       Sell      80         19.74438   
     6/11/2015       Buy      32,677         20.01918   
     6/12/2015       Buy      210         20.12929   
     6/15/2015       Buy      1,563         19.25663   
     6/15/2015       Sell      26         19.34885   
     6/16/2015       Buy      890         19.68458   
     6/16/2015       Sell      16         19.74938   
     6/17/2015       Buy      1,415         19.47101   
     6/17/2015       Sell      280         19.35957   
     6/18/2015       Buy      7,218         19.23336   
     6/18/2015       Sell      844         19.0889   
     6/19/2015       Buy      1,084         18.51935   
     6/19/2015       Sell      201         18.5492   
     6/22/2015       Buy      2,080         18.62829   
     6/22/2015       Sell      2         18.845   
     6/23/2015       Buy      82         18.89671   
     6/23/2015       Sell      146         18.955   
     6/24/2015       Buy      390         18.99664   
     6/24/2015       Sell      38         19   
     6/25/2015       Buy      1,002         19.22436   
     6/25/2015       Sell      4,180         19.12531   
     6/26/2015       Buy      11,087         18.97315   
     6/26/2015       Sell      111         18.80234   
     6/29/2015       Buy      65         18.58985   
     6/30/2015       Buy      455         18.60655   
     6/30/2015       Sell      16         18.58938   
     7/1/2015       Buy      170         18.668   
     7/2/2015       Buy      934         18.71059   
     7/2/2015       Sell      91         18.69692   
     7/6/2015       Buy      65         18.71   
     7/6/2015       Sell      44         18.64045   
     7/7/2015       Buy      3,588         18.10374   
     7/7/2015       Sell      95         17.98968   
     7/9/2015       Buy      5,184         18.29902   
     7/9/2015       Sell      24         18.18875   
     7/10/2015       Buy      2,021         17.92619   
     7/10/2015       Sell      51         18.00824   

 

A-22


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     7/13/2015       Buy      4,957         18.41414   
     7/13/2015       Sell      55         18.44964   
     7/14/2015       Buy      1,010         18.46655   
     7/14/2015       Sell      86         18.42965   
     7/15/2015       Buy      6,882         18.09478   
     7/15/2015       Sell      337         18.05964   
     7/16/2015       Buy      810         17.54102   
     7/16/2015       Sell      12         17.08917   
     7/17/2015       Buy      337         16.91706   
     7/20/2015       Buy      819         16.90433   
     7/20/2015       Sell      2         16.865   
     7/21/2015       Buy      429         16.91179   
     7/22/2015       Buy      32         16.19   
     7/22/2015       Sell      40         16.1695   
     7/23/2015       Buy      23,375         16.03029   
     7/23/2015       Sell      48         16.50958   
     7/24/2015       Buy      65,583         15.5553   
     7/27/2015       Buy      973         15.70728   
     7/27/2015       Sell      150         15.50367   
     7/28/2015       Buy      611         15.62499   
     7/29/2015       Buy      483         15.83308   
     7/30/2015       Buy      868         15.84515   
     7/30/2015       Sell      20         15.879   
     7/31/2015       Buy      425         15.90955   
     7/31/2015       Sell      50         15.9796   
     8/3/2015       Buy      330         15.77091   
     8/4/2015       Buy      671         16.19745   
     8/4/2015       Sell      471         16.16609   
     8/5/2015       Buy      324         16.55201   
     8/5/2015       Sell      216         16.42755   
     8/6/2015       Buy      3,032         16.6222   
     8/13/2015       Sell      309         16.47935   
     8/14/2015       Sell      29         16.6   
     8/20/2015       Sell      12         15.29917   
     8/21/2015       Sell      1,350         15.44431   
     8/24/2015       Sell      2,350         15.60601   
     8/25/2015       Sell      1,040         15.66124   
     8/26/2015       Sell      900         15.60301   
     8/27/2015       Buy      135         16.49   
     8/28/2015       Buy      15,897         16.83781   
     8/28/2015       Sell      535         16.72914   
     8/31/2015       Buy      600         17.205   
     9/2/2015       Buy      490         16.815   
     9/3/2015       Buy      80         17.196   
     9/3/2015       Sell      200         17.16995   
     9/4/2015       Buy      4,281         16.77821   
     9/4/2015       Sell      228         16.76956   
     9/11/2015       Buy      6,616         16.69163   
     9/11/2015       Sell      147         16.69857   
     9/14/2015       Buy      125         16.37496   
     9/14/2015       Sell      95         16.34979   
     9/15/2015       Buy      220         16.58359   

 

A-23


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     9/18/2015       Buy      1,839         16.63706   
     9/18/2015       Sell      145         16.63034   
     9/21/2015       Sell      545         16.68622   
     9/22/2015       Buy      3,000         16.714   
     9/22/2015       Sell      508         16.49589   
     9/24/2015       Buy      2,100         15.706   
     9/25/2015       Buy      13,439         16.10658   
     9/25/2015       Sell      50         16.049   
     9/28/2015       Sell      350         15.73729   
     9/29/2015       Buy      655         15.772   
     9/29/2015       Sell      200         15.7777   
     9/30/2015       Buy      220         16.276   
     10/1/2015       Buy      345         15.836   
     10/1/2015       Sell      285         15.62768   
     10/2/2015       Buy      5,025         15.4065   
     10/2/2015       Sell      52         15.45904   
     10/5/2015       Buy      175         16.37   
     10/5/2015       Sell      200         16.3396   
     10/6/2015       Buy      2,215         16.4671   
     10/6/2015       Sell      4,095         16.46029   
     10/7/2015       Buy      160         16.464   
     10/9/2015       Buy      4,051         16.79315   
     10/14/2015       Sell      3,015         15.39005   
     10/16/2015       Buy      1,610         15.83445   
     10/16/2015       Sell      3,485         15.68123   
     10/19/2015       Sell      4,054         15.62957   
     10/20/2015       Sell      9,350         15.83696   
     10/21/2015       Sell      3,453         15.5121   
     10/23/2015       Buy      2,815         14.44026   
     10/23/2015       Sell      1,448         15.00122   
     10/26/2015       Buy      235         14.91   
     10/26/2015       Sell      256         15.10738   
     10/28/2015       Sell      1,656         15.84841   
     10/29/2015       Buy      1,170         15.54487   
     10/29/2015       Sell      398         15.60264   
     10/30/2015       Buy      6,542         15.63712   
     11/2/2015       Sell      500         15.7182   
     11/3/2015       Buy      275         16.22502   
     11/3/2015       Sell      855         16.2462   
     11/4/2015       Sell      2,053         15.9447   
     11/5/2015       Buy      4,900         15.7228   
     11/5/2015       Sell      2,438         15.73734   
     11/6/2015       Buy      6,510         16.03205   
     11/6/2015       Sell      12,401         15.98898   
     11/9/2015       Sell      1,160         15.67133   
     11/10/2015       Sell      5,811         15.45763   
     11/11/2015       Buy      290         15.32652   
     11/11/2015       Sell      2,233         15.40333   
     11/12/2015       Sell      4,339         15.27401   
     11/13/2015       Buy      6,686         15.2526   
     11/13/2015       Sell      4,293         15.25157   
     11/17/2015       Buy      250         15.2104   

 

A-24


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     11/17/2015       Sell      6,222         15.23837   
     11/18/2015       Buy      240         15.21713   
     11/18/2015       Sell      5,633         15.5644   
     11/19/2015       Buy      180         15.88472   
     11/19/2015       Sell      4,235         15.7515   
     11/20/2015       Buy      11,179         16.33107   
     11/20/2015       Sell      10,514         16.30711   
     11/23/2015       Sell      1,723         16.29747   
     11/24/2015       Sell      16,605         16.29128   
     11/25/2015       Buy      14,099         16.4505   
     11/25/2015       Sell      4,807         16.43689   
     11/27/2015       Buy      445         16.54   
     11/30/2015       Sell      1,401         16.66709   
     12/1/2015       Sell      5,834         16.64169   
     12/2/2015       Buy      290         17.00921   
     12/3/2015       Buy      1,375         17.11092   
     12/3/2015       Sell      8,090         17.05671   
     12/4/2015       Buy      3,574         17.4931   
     12/4/2015       Sell      473         17.36338   
     12/7/2015       Buy      905         17.5757   
     12/8/2015       Sell      757         17.41367   
     12/9/2015       Buy      10,140         17.4861   
     12/9/2015       Sell      1,605         17.29914   
     12/11/2015       Buy      13,403         18.05928   
     12/11/2015       Sell      283         18.01898   
     12/14/2015       Buy      1,540         17.58981   
     12/14/2015       Sell      69         17.48493   
     12/15/2015       Sell      629         17.69362   
     12/16/2015       Sell      7,079         17.98453   
     12/17/2015       Sell      1,939         18.21493   
     12/18/2015       Buy      16,116         18.6949   
     12/18/2015       Sell      152         18.67618   
     12/21/2015       Sell      1,917         18.74815   
     12/22/2015       Buy      7,290         19.5667   
     12/22/2015       Sell      1,200         18.90425   
     12/23/2015       Buy      1,820         19.8676   
     12/23/2015       Sell      3,565         19.85862   
     12/24/2015       Buy      16,800         20.31979   
     12/24/2015       Sell      620         20.01319   
     12/28/2015       Sell      2,810         19.87838   
     12/29/2015       Buy      570         19.95811   
     12/29/2015       Sell      1,565         19.93152   
     12/30/2015       Buy      3,655         19.97502   
     12/30/2015       Sell      1,620         19.87043   
     12/31/2015       Buy      23,082         19.82697   
     12/31/2015       Sell      2,506         19.72512   
     1/4/2016       Buy      3,935         19.5389   
     1/5/2016       Sell      50         19.5098   
     1/6/2016       Buy      215         19.68233   
     1/8/2016       Buy      16,171         18.83361   
     1/8/2016       Sell      351         18.86407   
     1/11/2016       Buy      465         18.3866   

 

A-25


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell    Units Quantity      Average Price  
     1/12/2016       Sell      75         17.89973   
     1/14/2016       Buy      140         18.0185   
     1/15/2016       Buy      7,861         18.18053   
     1/15/2016       Sell      250         18.1196   
     1/19/2016       Buy      1,085         18.0307   
     1/19/2016       Sell      150         18.0646   
     1/20/2016       Buy      70         18.27957   
     1/20/2016       Sell      1,150         17.92737   
     1/22/2016       Buy      14,524         19.58015   
     1/22/2016       Sell      715         19.34673   
     1/25/2016       Buy      30         19.28   
     1/26/2016       Buy      17,394         19.4806   
     1/27/2016       Buy      27,496         19.52191   
     1/27/2016       Sell      150         19.45153   
     1/28/2016       Buy      17,280         19.5457   
     1/28/2016       Sell      620         19.4069   
     1/29/2016       Buy      6,877         20.0846   
     1/29/2016       Sell      186         20.06387   
     2/1/2016       Buy      16,300         20.3943   
     2/2/2016       Buy      4,435         20.2188   
     2/3/2016       Buy      605         19.76906   
     2/5/2016       Buy      3,620         18.11057   
     2/5/2016       Sell      994         18.3007   
     2/10/2016       Sell      155         17.60032   
     2/11/2016       Sell      250         18.03972   
     2/12/2016       Buy      2,761         18.2853   
     2/12/2016       Sell      6,505         17.7662   
     2/16/2016       Sell      245         18.58763   
     2/17/2016       Buy      26,900         19.0773   
     2/17/2016       Sell      460         18.95498   
     2/18/2016       Sell      350         19.17169   
     2/19/2016       Buy      1,645         19.243   
     2/22/2016       Sell      915         19.52655   
     2/24/2016       Buy      840         19.8364   
     2/25/2016       Buy      3,863         20.00966   
     3/1/2016       Sell      45         20.20956   
     3/2/2016       Buy      3,579         20.2278   
     3/2/2016       Sell      252         20.10786   
     3/4/2016       Sell      25         19.7092   
     3/7/2016       Buy      1,238         19.7441   
     3/7/2016       Sell      25         19.7692   
     3/8/2016       Buy      4,980         19.74834   
     3/9/2016       Buy      65         19.67985   
     3/10/2016       Sell      800         20.04836   
     3/11/2016       Buy      2,818         20.8796   
     3/11/2016       Sell      170         20.80941   
     3/15/2016       Sell      100         20.8896   
     3/16/2016       Buy      5,025         21.12373   
     3/18/2016       Buy      5,982         22.25047   
     3/18/2016       Sell      392         22.1663   
     3/21/2016       Sell      20         22.2195   
     3/22/2016       Buy      4,900         22.307   

 

A-26


Neuberger Berman Investment Advisers LLC

   Date      Buy/Sell      Units Quantity      Average Price  
     3/22/2016         Sell         536         22.0297   
     3/23/2016         Buy         4,080         21.40196   
     3/23/2016         Sell         350         21.41023   
     3/24/2016         Buy         1,646         21.1451   
     3/24/2016         Sell         56         21.04857   
     4/1/2016         Buy         3,711         21.8385   
     4/1/2016         Sell         286         21.81241   
     4/8/2016         Buy         980         20.5161   
     4/8/2016         Sell         99         20.50162   
     4/13/2016         Buy         33         20.91   
     4/15/2016         Buy         2,814         21.36695   
     4/15/2016         Sell         170         21.30947   
     4/18/2016         Buy         100         21.63   
     4/19/2016         Buy         80         21.63   
     4/19/2016         Sell         140         21.47043   
     4/22/2016         Buy         3,113         22.1485   
     4/22/2016         Sell         920         22.02939   
     4/27/2016         Buy         9,600         22.9733   
     4/28/2016         Buy         4,800         22.9124   
     4/28/2016         Sell         40         22.0595   
     4/29/2016         Buy         775         21.37581   
     4/29/2016         Sell         56         21.39911   
     5/4/2016         Sell         140         21.43079   
     5/6/2016         Buy         512         20.81045   
     5/6/2016         Sell         541         20.74832   
     5/11/2016         Buy         164         21.09   
     5/11/2016         Sell         324         21.06256   
     5/12/2016         Buy         100         20.8049   
     5/12/2016         Sell         53         20.57566   
     5/17/2016         Buy         4,000         20.0359   
     5/17/2016         Sell         170         20.39153   
     5/18/2016         Buy         3,524         20.3241   
     5/20/2016         Buy         449         20.61   
     5/20/2016         Sell         100         20.57   
     5/23/2016         Sell         40         20.85   
     5/27/2016         Buy         176         22.47   
     5/27/2016         Sell         70         22.51   
     5/31/2016         Buy         135         22.78   
     5/31/2016         Sell         59         22.7   
     6/2/2016         Buy         260         22.96   
     6/2/2016         Sell         63         23.00   
     6/3/2016         Buy         181         23.08   
     6/3/2016         Sell         11         23.06   
     6/7/2016         Sell         250         23.11   
     6/8/2016         Sell         25         23.39   

 

Benjamin Nahum

   Date      Buy/Sell    Units Quantity      Average Price  
     06/23/2014       BUY      10,000         21.9799   
     01/12/2015       BUY      40,000         17.7306   

 

A-27


Amit Solomon

   Date      Buy/Sell    Units Quantity      Average Price  
     10/28/2014       BUY      2,000         18.1906   
     03/03/2016       SELL      500         19.8612   

James McAree

   Date      Buy/Sell    Units Quantity      Average Price  
     08/21/2014       BUY      2,000         25.2398   
     09/30/2014       BUY      500         22.9499   
     04/17/2015       BUY      1,000         17.7260   
     04/17/2015       BUY      2,000         17.7260   

 

A-28


LOGO

PLEASE VOTE TODAY!
SEE REVERSE SIDE
FOR THREE EASY WAYS TO VOTE.
TO VOTE BY MAIL PLEASE DETACH PROXY CARD HERE
COMMON GOLD
PROXY SOLICITED BY THE NEUBERGER BERMAN PARTICIPANTS
2016 Annual Meeting of Stockholders of Ultratech, Inc.
July 19, 2016
The undersigned hereby appoints Benjamin Nahum, James McAree and Amit Solomon, and each of them, with full power of substitution, as proxies for the undersigned and authorizes them to represent and vote, as designated, all of the shares of common stock of Ultratech, Inc. (“Ultratech”) that the undersigned would be entitled to vote if personally present at the 2016 Annual Meeting of Stockholders of Ultratech, including any adjournments or postponements thereof or any special meeting that may be called in lieu thereof (the “2016 Annual Meeting”). IF YOU VALIDLY EXECUTE AND RETURN THIS PROXY CARD WITHOUT INDICATING YOUR VOTE ON ONE OR MORE OF THE FOLLOWING PROPOSALS, YOU WILL BE DEEMED TO HAVE VOTED FOR PROPOSAL 1 (EXCEPT YOU WILL NOT BE DEEMED TO VOTE FOR THE ELECTION OF ANY CANDIDATE WHOSE NAME IS WRITTEN IN THE SPACE PROVIDED UNDER PROPOSAL 1), YOU WILL BE DEEMED TO HAVE VOTED FOR PROPOSAL 2 AND YOU WILL BE DEEMED TO HAVE VOTED AGAINST PROPOSAL 3. THIS PROXY WILL REVOKE ANY PREVIOUSLY EXECUTED PROXY WITH RESPECT TO ALL PROPOSALS.
(Continued and to be signed on the reverse side)


LOGO

 

PROXY SOLICITED BY THE NEUBERGER BERMAN PARTICIPANTS
2016 Annual Meeting of Stockholders of Ultratech, Inc.
July 19, 2016
YOUR VOTE IS IMPORTANT
Please take a moment now to vote your shares of Ultratech, Inc.
common stock for the upcoming 2016 Annual Meeting of Stockholders.
PLEASE REVIEW THE PROXY STATEMENT
AND VOTE TODAY IN ONE OF THREE WAYS:
1. Vote by Telephone — Please call toll-free in the U.S. or Canada at 877-219-9655, on a touch-tone telephone. If outside the U.S. or Canada, call 877219-9655. Please follow the simple instructions. You will be required to provide the unique control number printed below.
OR
2. Vote by Internet — Please access www.okapivote.com/utek, and follow the simple instructions. Please note you must type an “s” after http. You will be required to provide the unique control number printed below.
You may vote by telephone or Internet 24 hours a day, 7 days a week.
Your telephone or Internet vote authorizes the named proxies to vote your shares in the same manner
as if you had marked, signed and returned a proxy card.
OR
3. Vote by Mail — If you do not wish to vote by telephone or over the Internet, please sign, date and return the proxy card in the envelope provided, or mail to: Neuberger Berman LLC, c/o Okapi Partners LLC, 1212 Avenue of the Americas, 24th Floor, New York, New York 10036.
TO VOTE BY MAIL PLEASE DETACH PROXY CARD HERE


LOGO

 

COMMON STOCK
GOLD
Please mark your votes as in this example using dark ink only.
THE NEUBERGER BERMAN PARTICIPANTS STRONGLY RECOMMEND THAT STOCKHOLDERS VOTE FOR EACH OF THE NEUBERGER BERMAN NOMINEES LISTED IN THE NEUBERGER BERMAN PARTICIPANTS’ PROPOSAL 1.
PROPOSAL 1 – To elect (01) Dr. Ronald Black and (02) Ms. Beatriz V. Infante (collectively, the “NB Nominees”) and the candidates who have been nominated by Ultratech to serve as directors other than Nicholas Konidaris and Rick Timmins for whom the Neuberger Berman Participants are NOT seeking authority to vote for and WILL NOT exercise any such authority.
FOR ALL NOMINEES
WITHHOLD FROM ALL NOMINEES
FOR ALL EXCEPT
NOTE: If you do not wish your shares to be voted “FOR” a particular NB Nominee, mark the “FOR ALL EXCEPT” box and write the name(s) of the NB Nominee(s) you do not support on the line below. Your shares will be voted for the remaining NB Nominee(s). You may also withhold authority to vote for one or more additional Ultratech nominee(s) by writing the name of the nominee(s) below. There is no assurance that any of Ultratech’s nominees will serve on the Board if any of the NB Nominees are elected to the Board.
THE NEUBERGER BERMAN PARTICIPANTS RECOMMEND THAT STOCKHOLDERS VOTE FOR PROPOSAL 2 AND AGAINST PROPOSAL 3.
PROPOSAL 2 – On Ratification of Independent Registered Public Accounting Firm
FOR
AGAINST
ABSTAIN
PROPOSAL 3 – To Approve, by Advisory Vote, Executive Compensation
FOR
AGAINST
ABSTAIN
This proxy card, when properly executed, will be voted in the manner directed herein and authorizes the proxy holders to take action in their discretion upon other matters that may properly come before the 2016 Annual Meeting. If no direction is made, this proxy will be voted “FOR” the NB Nominees and the directors nominated by Ultratech other than Nicholas Konidaris and Rick Timmins, “FOR” Proposal 2 and “AGAINST” Proposal 3.


LOGO

Dated
Signature
Title or Authority
Signature (if held jointly)
Please sign exactly as your name appears hereon. If shares are registered in more than one name, the signature of all such persons should be provided. A corporation should sign in its full corporate name by a duly authorized officer, stating his or her title. Trustees, guardians, executors and administrators should sign in their official capacity, giving their full title as such. If a partnership, please sign in the partnership name by an authorized person. The proxy card votes all shares in all capacities.
PLEASE SIGN, DATE AND RETURN THIS PROXY IN THE ENCLOSED POSTAGE-PAID ENVELOPE TODAY.