XNAS:CSCD Cascade Microtech Inc Insider Activity 4 Filing - 5/14/2012

Effective Date 5/14/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Killian Jeffrey A
  2. Issuer Name and Ticker or Trading Symbol
CASCADE MICROTECH INC [CSCD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last)
(First)
(Middle)
9100 SW GEMINI DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2012
(Street)

BEAVERTON, OR 97008
4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/14/2012   M   15,000 A $ 0 (1) 53,028(2) D  
Common Stock 05/14/2012   F(3)   5,318 D(3) $4.62 47,710 D  
Common Stock 05/14/2012   M   586 A $ 0 (1) 48,296 D  
Common Stock 05/14/2012   F(3)   208 D(3) $4.62 48,088 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $ 0 (1) 05/14/2012   M     15,000 05/14/2012(4)   (5) Common Stock 15,000 $ 0 (1) 30,000 D  
Restricted Stock Units $ 0 (1) 05/14/2012   M     586 05/14/2012(6)   (5) Common Stock 586 $ 0 (1) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Killian Jeffrey A
9100 SW GEMINI DRIVE
BEAVERTON, OR 97008
      Chief Financial Officer  

Signatures

 Madelaine Salas by Power of Attorney   05/16/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These Restricted Stock Units do not carry a conversion price.
(2) Holdings include 3,571 shares of common stock acquired on April 30, 2012 pursuant to the Company's 2004 Employee Stock Purchase Plan
(3) Per the terms of the agreement and using aggregate market value sufficient to pay applicable taxes, shares were withheld and surrendered to the Company to satisfy tax withholding obligation in connection with the vesting of Restricted Stock Units.
(4) Each Restricted Stock Unit represents a right to receive one share of Cascade Microtech, Inc. Common Stock upon vesting. Provided that the individual continues to hold the status of Employee, then 15,000 Restricted Stock Units cliff vest on the anniversary date of the award.
(5) Restricted Stock Units have no expiration date.
(6) Each Restricted Stock Unit represents a right to receive one share of Cascade Microtech, Inc. Common Stock upon vesting. Provided that the individual continues to hold the status of Employee, then 587 Restricted Stock Units cliff vest on the first anniversary date of the award and 586 Restricted Stock Units cliff vest on the second anniversary date of the award.

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XNAS:CSCD Cascade Microtech Inc Insider Activity 4 Filling

Cascade Microtech Inc XNAS:CSCD Stock - Get Insider Activity SEC Filing of Cascade Microtech Inc XNAS:CSCD stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:CSCD Cascade Microtech Inc Insider Activity 4 Filing - 5/14/2012
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