Perceptron (PRCP) Form 3 PERCEPTRON / Yop Chung Song ownership change

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Song Yop Chung

(Last) (First) (Middle)

47827 HALYARD DRIVE

(Street)

PLYMOUTH MI 48170

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/19/2015

3. Issuer Name and Ticker or Trading Symbol
PERCEPTRON INC/MI [ PRCP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Sr. Vice President, CTO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	3,000	D
Common Stock	2,000(1)	D
Common Stock	5,400(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	(3)	05/01/2021	Common Stock	3,000	6.05	D
Employee Stock Option (right to buy)	(4)	08/31/2021	Common Stock	4,500	6.14	D
Employee Stock Option (right to buy)	(5)	09/03/2022	Common Stock	8,000	5.7	D
Employee Stock Option (right to buy)	(6)	09/02/2023	Common Stock	5,000	10.55	D

Explanation of Responses:

1. On October 13, 2014, the reporting person was granted 2,000 shares of Common Stock under the 2004 Stock Incentive Plan, an exempt plan. The shares vest on the first anniversary of the grant date provided the reporting person remains employed with the Issuer as of that date.

2. On October 13, 2014, the reporting person was granted 5,400 shares of Common Stock under the 2004 Stock Incentive Plan, an exempt plan. Provided the reporting person remains employed with the Issuer on each of the relevant dates, the shares will vest as follows: 1,800 shares on the first anniversary of the grant date; 1,800 shares on the second anniversary of the grant date; and 1,800 shares on the third anniversary of the grant date.

3. On May 2, 2011, the reporting person was granted an option to purchase 6,000 shares of Common Stock under the 2004 Stock Incentive Plan, an exempt plan, of which 3,000 shares remain outstanding. The option expires ten years from the grant date.

4. On September 1, 2011, the reporting person was granted an option to purchase 6,000 shares of Common Stock under the 2004 Stock Incentive Plan, an exempt plan, of which 4,500 shares remain outstanding. The option vests 25% annually on the anniversary of the grant date and expires ten years from the grant date.

5. On September 4, 2012, the reporting person was granted an option to purchase 8,000 shares of Common Stock under the 2004 Stock Incentive Plan, an exempt plan. The option vests 25% annually on the anniversary of the grant date and expires ten years from the grant date.

6. On September 3, 2013, the reporting person was granted an option to purchase 5,000 shares of Common Stock under the 2004 Stock Incentive Plan, an exempt plan. The option vests 25% annually on the anniversary of the grant date and expires ten years from the grant date.

	Song Yop Chung	05/27/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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