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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  )

COHERENT, INC.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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Notice of Annual Meeting
of Stockholders

February 27, 201326, 2016

">8:3000 a.m.

">The Silicon Valley Capital Club
50 West San Fernando
San Jose, CaliforniaCA 95113

MATTERS TO BE VOTED ON:

1.

To elect the seven directors named in the proxy statement;

2.

To ratify the appointment of Deloitte & Touche LLP as the Company’sCompany's independent registered public accounting firm for the fiscal year ending September 28, 2013;

October 1, 2016;

3.

Advisory vote to approve executive officer compensation; and

4.

To transact such other business as may properly be brought before the meeting and any adjournment(s) thereof.

The foregoing items of business are more fully described in the Proxy Statement accompanying this Notice.

Stockholders of record at the close of business on January 9, 2013,19, 2016 are entitled to notice of and to vote at the meeting and at any adjournments or postponements thereof.

All stockholders are cordially invited to attend the meeting. However, to assureensure your representation at the meeting, you are urged to mark, sign, date and return the enclosed proxy card as promptly as possible in the postage-prepaid envelope enclosed for that purpose or follow the instructions on the enclosed proxy card to vote by telephone or via the Internet. Any stockholder of record attending the meeting may vote in person even if he or she has returned a proxy. Please note, however, that if your shares are held of record by a broker, bank or other nominee and you wish to vote at the meeting, you must obtain a proxy issued in your name from that record holder.

Santa Clara, California		Sincerely,
January 25, 2013 27, 2016
		John R. Ambroseo
	President and Chief Executive Officer

Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to Be Held on February 27, 2013 The proxy statement and annual report to stockholders are available at www.proxyvote.com. YOUR VOTE IS IMPORTANT In order to assure your representation at the meeting, you are requested to complete, sign and date the enclosed proxy card as promptly as possible and return it in the enclosed envelope or follow the instructions on the enclosed proxy card to vote by telephone or via the Internet. Any stockholder attending the Annual Meeting may vote in person even if he or she returned a proxy card.

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PROXY STATEMENT

General Information About the Meeting

General

The enclosed Proxy is solicited on behalf of the Board of Directors (the “Board”"Board") of Coherent, Inc. for use at the Annual Meeting of Stockholders (the “Annual Meeting”"Annual Meeting" or “meeting”"meeting") to be held at 8:3000 a.m., local time, on February 27, 201326, 2016 at theThe Silicon Valley Capital Club, 50 West San Fernando, San Jose, CaliforniaCA 95113, and at any adjournment(s) thereof, for the purposes set forth herein and in the accompanying Notice of Annual Meeting of Stockholders. Our telephone number is (408) 764-4000. These proxy solicitation materials were first mailed on or about January 25, 201327, 2016 to all stockholders entitled to vote at the Annual Meeting.

Who May Vote at the Meeting?

You are entitled to vote at the Annual Meeting if our records show that you held your shares as of the close of business of our record date, January 9, 201319, 2016 (the “Record Date”"Record Date"). On the Record Date, 24,042,47124,193,167 shares of our common stock, $0.01 par value, were issued and outstanding.

What Does Each Share of Common Stock I Own Represent?

On all matters, each share has one vote, unless, with respect to Proposal 1 regarding the election of directors, cumulative voting is in effect. See “Election"Election of Directors—Vote Required”Required" for a description of cumulative voting rights with respect to the election of directors.

How Does a Stockholder Vote?

Whether or not you plan to attend the Annual Meeting,we urge you to vote by proxy to ensure your vote is counted. If you are entitled to vote, you may do so as follows:

•

Through your broker:If your shares are held through a broker, bank or other nominee (commonly referred to as held in “street name”"street name"), you will receive instructions from them that you must follow to have your shares voted. If you want to vote in person, you will need to obtain a legal proxy from your broker, bank or other nominee and bring it to the meeting.

•

In person:Attend the Annual Meeting and, if you request, we will give you a ballot at the time of voting. If you have previously submitted a proxy card, you must notify us at the Annual Meeting that you intend to cancel your prior proxy and vote by ballot at the meeting.

•

Returning a Proxy Card:Simply complete, sign and date the enclosed proxy card and return it promptly in the envelope provided. If your signed proxy card is received before the Annual Meeting, the designated proxies will vote your shares as you direct.

•

Using the Telephone:Dial toll-free 1-800-690-6903 using a touch-tone phone and follow the recorded instructions. You will be asked to provide the control number from the enclosed proxy card.

•

Through the Internet:go  Go to www.proxyvote.com to complete an electronic proxy card. You will be asked to provide the control number from the enclosed proxy card.

For telephone or Internet use, your vote must be received by 11:59 P.M. Eastern Time on February 26, 201325, 2016 to be counted.

If you return a signed and dated proxy cardwithoutmarking any voting directions, your shares will be voted “for”"for" the election of all seven nominees for director and “for”"for" all other proposals.

Matters to be Presented at the Meeting

We are not aware of any matters to be presented at the meeting other than those described in this proxy statement. If any other matter is properly presented at the Annual Meeting, your proxy holders (one of the individuals named on your proxy card) will vote your shares in their discretion. The cost of this solicitation will be borne by us. We may reimburse brokerage firms and other persons representing beneficial owners of shares for their expenses in forwarding solicitation material to such beneficial owners. In addition, proxies may be solicited by certain of our directors, officers and regular employees, without additional compensation, personally or by telephone or facsimile.

COHERENT, INC. – 2012 Proxy Statement3

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Revoking Your ProxyTable of Contents

GENERAL INFORMATION

If you hold your shares in street name, you must follow the instructions of your broker, bank or other nominee to revoke your voting instructions. If you are a holder of record and wish to revoke your proxy instructions, you must (i) advise the Corporate Secretary in writing at our principal executive offices at 5100 Patrick Henry Dr., Santa Clara, California 95054 before the proxies vote your shares at the meeting, (ii) timely deliver later-dated proxy instructions or (iii) attend the meeting and vote your shares in person.

Attendance at the Annual Meeting

All stockholders of record as of the Record Date may attend the Annual Meeting. Please note that cameras, recording devices and similar electronic devices will not be permitted at the Annual Meeting. No items will be allowed into the Annual Meeting that might pose a concern for the safety of those attending. Additionally, to attend the meeting you will need to bring identification and proof sufficient to us that you were a stockholder of record as of the Record Date or that you are a duly authorized representative of a stockholder of record as of the Record Date for a stockholder of record that is not a natural person.Date. For directions to attend the Annual Meeting or other questions, please contact Investor Relations by telephone at (408) 764-4110 no later than 5:00 p.m.noon (California time) on February 26, 2013.25, 2016.

Quorum; Abstentions; Broker Non-Votes

Our bylaws provide that stockholders holding a majority of the shares of common stock issued and outstanding and entitled to vote on the Record Date constitute a quorum at meetings of stockholders. Votes will be counted by the inspector of election appointed for the Annual Meeting, who will separately count “For”"For" and (with respect to proposals other than the election of directors) “Against”"Against" votes, abstentions and broker non-votes.

A “broker non-vote”"broker non-vote" occurs when a nominee holding shares for a beneficial owner does not vote because the nominee does not have discretionary voting power with respect to the proposal and has not received instructions with respect to the proposal from the beneficial owner. Abstentions and broker non-votes represented by submitted proxies will not be taken into account in determining the outcome of the election of directors. Abstentionsdirectors and will not be taken into account in determininghave no effect on the outcome of Proposal One and will have the same effect as votes against Proposals Two and Three. We intend to separately report abstentions and our Compensation and HRH.R. Committee will generally view abstentions as neutral when considering the results of Proposal Three. Broker non-votes represented by submitted proxies will not be taken into account in determining the outcome of any proposal.

Deadline for Receipt of Stockholder Proposals

In order to submit stockholder proposals for the fiscal 2013 annual meeting for inclusion in the Company’sCompany's proxy statement pursuant to Rule 14a-8 of the Securities Exchange Act of 1934, as amended (“("SEC Rule 14a-8”14a-8"), for the annual meeting to be held in 2017, written materials must be received by the Corporate Secretary at the Company’sCompany's principal office in Santa Clara, California no later than September 27, 2013.

29, 2016. Stockholder proposals must otherwise comply with the requirements of SEC Rule 14a-8.

Proposals must be addressed to: Bret DiMarco, Corporate Secretary, Coherent, Inc., 5100 Patrick Henry Dr., Santa Clara, California 95054. Simply submitting a proposal does not guarantee its inclusion.

Section 2.15 of the Company’sCompany's bylaws also establishes an advance notice procedure with regards to director nominations and stockholder proposals that are not submitted for inclusion in the proxy statement, but that a stockholder instead wishes to present directly from the floor at any Annual Meeting. To be properly brought before the fiscal 2013 Annual Meeting to be held in 2017, a notice of the nomination or the matter the stockholder wishes to present at the meeting must be delivered to the Corporate Secretary (see above), no later than the close of business on the 45^th day (December 11, 2013)13, 2016), nor earlier than the close of business on the 75^th day (November 11, 2013)13, 2016), prior to the one year anniversary of the date these proxy materials were first mailed by us unless the annual meeting of stockholders is held prior to January 28, 201427, 2017 or after April 28, 2014,27, 2017, in which case, the proposal must be received by us not earlier than the 120^th day prior to the annual meeting and not later than the later of the 90^th day prior to the annual meeting and the tenth day following public announcement of the date the annual meeting will be held and must otherwise be in compliance with applicable laws and regulations in order to be considered for inclusion in the proxy statement and form of proxy relating to that meeting. We have not received any notice regarding any such matters to be brought at the meeting on February 26, 2016.

If a stockholder who has notified us of his or her intention to present a proposal at an Annual Meeting does not appear to present his or her proposal at such meeting, we need not present the proposal for vote at such meeting. The Chair of the Annual Meeting has the final discretion whether or not to allow any matter to be considered at the meeting which did not timely comply with all applicable notice requirements.

If a stockholder wishes only to recommend a candidate for consideration by the Governance and Nominating Committee as a potential nominee for the Company’sCompany's Board, see the procedures discussed in “Proposal One — "Proposal One—Election of Directors — Directors—Board Meetings and Committees — Committees—Process for RecommendingStockholders to Recommend Candidates for Election to the Board of Directors.”"

The attached proxy card grants to the proxyholders discretionary authority to vote on any matter raised at the Annual Meeting, including proposals which are timely raised at the meeting, but did not meet the deadline for inclusion in this proxy statement.

COHERENT, INC. – 2012 Proxy Statement4

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Eliminating Duplicative Proxy MaterialsTable of Contents

GENERAL INFORMATION

To reduce the expense of delivering duplicate voting materials to our stockholders who may hold shares of Coherent common stock in more than one stock account, we are delivering only one set of the proxy solicitation materials to certain stockholders who share an address, unless otherwise requested. A separate proxy card is included in the voting materials for each of these stockholders.

We will promptly deliver, upon written or oral request, a separate copy of the annual report or this proxy statement to a stockholder at a shared address to which a single copy of the documents was delivered. To obtain an additional copy, you may write us at 5100 Patrick Henry Drive, Santa Clara, California 95054, Attn: Investor Relations, or contact our Investor Relations department by telephone at (408) 764-4110.

Similarly, if you share an address with another stockholder and have received multiple copies of our proxy materials, you may contact us at the address or telephone number specified above to request that only a single copy of these materials be delivered to your address in the future. Stockholders sharing a single address may revoke their consent to receive a single copy of our proxy materials in the future at any time by contacting our distribution agent, Broadridge, either by calling toll-free at 1-800-542-1061, or by writing to Broadridge, Householding Department, 51 Mercedes Way, Edgewood, NY 11717. It is our understanding that Broadridge will remove such stockholder from the Householding program within 30 days of receipt of such written notice, after which each such stockholder will receive an individual copy of our proxy materials.

Electronic Delivery of Proxy Materials

In an effort to reduce paper mailed to your home and help lower printing and postage costs, we are offering stockholders the convenience of viewing online proxy statements, annual reports and related materials. With your consent, we can stop sending future paper copies of these documents. To participate during the voting season, registered stockholders may follow the instructions when voting online.

Incorporation by Reference

To the extent that this proxy statement has been or will be specifically incorporated by reference into any other filing of Coherent with the SEC,Securities and Exchange Commission ("SEC"), the sections of this proxy statement entitled “Report"Report of the Audit Committee of the Board of Directors”Directors" (to the extent permitted by the rules of the SEC) and “Compensation"Compensation Discussion and Analysis”Analysis" shall not be deemed to be so incorporated (other than in our annual report on Form 10-K), unless specifically provided otherwise in such filing.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING TO BE HELD ON FEBRUARY 27, 2013:26, 2016

The proxy statement and annual report to stockholders are available at www.proxyvote.com.

Stockholder List

A list of stockholders entitled to vote at the Annual Meeting will be available for examination by stockholders of record at the Annual Meeting.

COHERENT, INC. – 2012 Proxy Statement5

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PROPOSAL ONE    ELECTION OF DIRECTORS

Nominees

Seven (7) members of our Board of Directors are to be elected at the Annual Meeting. Unless otherwise instructed, the proxy holders will vote the proxies received by them for the nominees named below. Each nominee has consented to be named a nominee in the proxy statement and to continue to serve as a director, if elected. If any nominee becomes unable or declines to serve as a director, if additional persons are nominated at the meeting or if stockholders are entitled to cumulate votes, the proxy holders intend to vote all proxies received by them in such a manner (in accordance with cumulative voting) as will ensure the election of as many of the nominees listed below as possible, and the specific nominees to be voted for will be determined by the proxy holders.

We are not aware of any reason that any nominee will be unable or will decline to serve as a director. The term of office of each person elected as a director will continue until the next Annual Meeting of Stockholders or until a successor has been elected and qualified or until his or her earlier resignation or removal. There are no arrangements or understandings between any director or executive officer and any other person pursuant to which he or she is or was to be selected as a director or officer.

The names of the nominees, all of whom are currently directors standing for re-election, and certain information about them as of December 31, 20122015 are set forth below. All of the nominees have been unanimously recommended for nomination by the Board acting on the unanimous recommendation of the Governance and Nominating Committee of the Board. The committee consists solely of independent members of the Board. There are no family relationships among directors or executive officers of Coherent.

Except as set forth below, each of our directors has been engaged in his or her principal occupation set forth above during the past five years. There is no family relationship between any of our directors or executive officers.

John R. Ambroseo.Mr. Ambroseo has served as our President and Chief Executive Officer as well as a member of the Board of Directors since October 2002. Mr. Ambroseo served as our Chief Operating Officer from June 2001 through September 2002. Mr. Ambroseo served as our Executive Vice President and as President and General Manager of the Coherent Photonics Group from September 2000 to June 2001. From September 1997 to September 2000, Mr. Ambroseo served as our Executive Vice President and as President and General Manager of the Coherent Laser Group. From March 1997 to September 1997, Mr. Ambroseo served as our Scientific Business Unit Manager. From August 1988, when Mr. Ambroseo joined us, until March 1997, he served as a Sales Engineer, Product Marketing Manager, National Sales Manager and Director of European Operations. Mr. Ambroseo received a Bachelor degree from SUNY-College at Purchase and a PhD in Chemistry from the University of Pennsylvania.

Mr. Ambroseo’sAmbroseo's status as our Chief Executive Officer, his 24over 25 year tenure with Coherent, his extensive knowledge of our products, technologies and end markets and his over a decade of service as a director of Coherent make him an invaluable member of our Board of Directors.

Jay T. Flatley.Since 1999, Mr. Flatley has served as President, Chief Executive Officer and a member of the Board of Directors of Illumina, Inc., a leading developer, manufacturer and marketer of life science tools and integrated systems for the analysis of genetic variation and function. From 1999 to December 2013, Mr. Flatley also served as Illumina's President. Prior to joining Illumina, Mr. Flatley was co-founder, President, Chief Executive Officer, and a member of the Board of Directors of Molecular Dynamics, Inc., a NASDAQ-listedNasdaq-listed life sciences company focused on genetic discovery and analysis, from 1994 until its sale to Amersham Pharmacia Biotech Inc. in 1998. HeAdditionally, he was a co-founder of Molecular Dynamics and served in various other positions with that companythere from 1987 to 1994. From 1985 to 1987, he was Vice President of Engineering and Vice President of Strategic Planning at Plexus Computers, a UNIX computer company. Mr. Flatley holds a B.A. in Economics from Claremont McKenna College and a B.S. and a M.S. in Industrial Engineering from Stanford University.

Mr. Flatley’sFlatley's years of executive and management experience in the high technology industry, including serving as the chief executive officer of several public companies, his service on the boardboards of anotherother publicly held company,companies, and his years of service as a director of Coherent make him an invaluable member of our Board of Directors.

Susan M. James.Ms. James originally joined Ernst & Young, a global leader in professionalaccounting services firm in 1975, serving as a partner from 1987 until her retirement in June 2006, and as a consultant from June 2006 to December 2009. During her tenure with Ernst & Young, she was the lead partner or partner-in-charge for the audit work for a significant number of technology companies, including Intel Corporation, Sun Microsystems, Inc., Amazon.com, Inc., Autodesk, Inc. and the Hewlett-Packard Company, as well as for the Ernst & Young North America Global Account Network. She also served on the Ernst & Young Americas Executive Board of Directors from January 2002 through June 2006. She is a certified public accountant (inactive) and

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a member of the American Institute of Certified Public Accountants. Ms. James also serves on the boards of directors of Applied Materials, Inc., a manufacturing equipment, servicesglobal leader in materials engineering solutions for the semiconductor, flat panel display and software company,solar photovoltaic industries, Yahoo! Inc., an Internet technology company, and Tri-Valley Animal Rescue, a non-profit corporation dedicated to providing homes for homeless pets. Ms. James holds Bachelor’sBachelor's degrees in Mathematics from Hunter College and Accounting from San Jose State University.

COHERENT, INC. – 2012 Proxy Statement   6

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Ms. James’James' years in the public accounting industry, her service on the boards and committees of a number of other publicly held companies and her five years of service as a director of Coherent make her an invaluable member of our Board of Directors.

L. William (Bill) Krause. Since 1991, Mr. Krause has beenserved as President of LWK Ventures, a private advisory and investment firm, since 1991.firm. In addition, Mr. Krause served as Chairman of the Board of Caspian Networks, Inc., an IP networking systems provider, from April 2002 to September 2006 and as Chief Executive Officer from April 2002 until June 2004. From September 2001 to February 2002, Mr. Krause was Chairman and Chief Executive Officer of Exodus Communications, Inc. He also served as President and Chief Executive Officer of 3Com Corporation, a global data networking company, from 1981 to 1990 and as its Chairman from 1987 to 1993 when he retired. Mr. Krause currently serves as a director of Brocade Communications Systems, Inc., a networking solutions and services company and CommScope Holding Company, Inc., a networking infrastructure company and Core-Mark Holdings, Inc., a distributor of packaged consumer goods.company. Mr. Krause previously served as a director for the following public companies: Core-Mark Holding Company, Inc., Packeteer, Inc., Sybase, Inc. and TriZetto Group, Inc. Mr. Krause holds a B.S. degree in electrical engineering and received an honorary Doctorate of Science from The Citadel.

Mr. Krause’sKrause's years of executive and management experience in the high technology industry, including serving as the chief executive officer of several companies, his service on the boards and committees of a number of other publicly held companies, and his four years of service as a director of Coherent make him an invaluable member of our Board of Directors.

Garry W. Rogerson.Mr. Rogerson has served as ourCoherent's Chairman of the Board since June 2007. Since August 2011,September 2014, Mr. Rogerson has been a private investor. From August 2011 to September 2014, Mr. Rogerson was Chief Executive Officer and a member of the Board of Directors of Advanced Energy Industries, Inc., a provider of power and control technologies for thin-filmthinfilm manufacturing and solar-power generation.generation, after which he agreed to serve as a special advisor for a period of time. He was Chairman and Chief Executive Officer of Varian, Inc., a major supplier of scientific instruments and consumable laboratory supplies, vacuum products and services, from February 2009 and 2004, respectively, until the purchase of Varian by Agilent Technologies, Inc. in May 2010. Mr. Rogerson served as Varian’sVarian's Chief Operating Officer from 2002 to 2004, as Senior Vice President, Scientific Instruments from 2001 to 2002, and as Vice President, Analytical Instruments from 1999 to 2001. Mr. Rogerson received an honours degree and Ph.D. in biochemistry as well as an honorary doctoral science degree from the University of Kent at Canterbury.

Mr. Rogerson’sRogerson's years of executive and management experience in the high technology industry, his service including serving as the chief executive officer of several public companies, his service on the boardboards of anotherother publicly held company,companies, and his nine years of service as a director of Coherent make him an invaluable member of our Board of Directors.

Lawrence Tomlinson. Steve Skaggs. Since May 2013, Mr. Tomlinson retired from Hewlett-Packard Company, a global technology company, in June 2003. Prior to retiring from Hewlett-Packard, from 1993 to June 2003 Mr. TomlinsonSkaggs has served as its Treasurer,Senior Vice President and Chief Financial Officer of Atmel Corporation, a leading supplier of microcontrollers. Mr. Skaggs joined Atmel in September 2010 and served as Senior Vice President, Corporate Strategy and Development until his appointment as Chief Financial Officer. Mr. Skaggs has more than 25 years of experience in the semiconductor industry, including serving as President, Chief Executive Officer and Chief Financial Officer of Lattice Semiconductor, a supplier of programmable logic devices and related software. From 2008 to September 2010, Mr. Skaggs was employed as an independent management consultant, providing strategic advisory and consulting services to clients. From 2005 to 2008, Mr. Skaggs served as Chief Executive Officer of Lattice Semiconductor, a supplier of programmable logic devices and related software, and also served as President of Lattice from 2003 to 2005 and as Chief Financial Officer of Lattice from 1996 to 2002 he2003. He was also a Vice President and from 2002 to June 2003 was also a Senior Vice President. Mr. Tomlinson ispreviously a member of the boardBoard of directorsDirectors of Salesforce.com, Inc.,Lattice. Prior to Lattice, Mr. Skaggs was employed by Bain & Company, a customer relationshipglobal management service provider.consulting firm, where he specialized in high technology product strategy, mergers and acquisitions and corporate restructurings. Mr. Tomlinson previously served as a director of Therma-Wave, Inc. Mr. Tomlinson receivedSkaggs holds an MBA degree from the Harvard Business School and a B.S. degree in accountingChemical Engineering from Rutgersthe University and an M.B.A. from Santa Clara University.of California, Berkeley.

Mr. Tomlinson’sSkaggs' years of executive and management experience in the high technology industry, including serving as the chief executive officer and chief financial officer of other public companies, his experience in the finance and accounting industry, hisprior service on the boards and committeesboard of a number of otheranother publicly held companiescompany and his decadeyears of service as a director of Coherent make him an invaluable member of our Board of Directors.

Sandeep Vij. Since February 2013, Mr. Vij has been a private investor. Previously, he held the position of President and Chief Executive Officer of MIPS Technologies, Inc., a leading provider of processor architectures and cores, sincefrom January 2010. Previously,2010 until its sale in February 2013. In addition, Mr. Vij had been the Vice President and General Manager of the Broadband and Consumer Division of Cavium Networks, Inc., a provider of highly integrated semiconductor products from May 2008 to January 2010. Prior to that, he held the position of Vice President of Worldwide Marketing, Services and Support for Xilinx Inc., a digital programmable logic device provider, from 2007 to April 2008. From 2001 to 2006, he held the position of Vice President of Worldwide Marketing at Xilinx. From 1997 to 2001, he served as Vice President and General Manager of the General Products Division at Xilinx. Mr. Vij joined Xilinx in 1996 as Director of FPGA Marketing. Mr. Vij is a member of the board of directors of MIPS Technologies, Inc. He is a graduate of General Electric’sElectric's Edison Engineering Program and Advanced Courses in Engineering. He holds a Masters degree in electrical engineeringan MSEE from Stanford University and a B.S. degree in electrical engineeringBSEE from San Jose State University.

Mr. Vij’sVij's years of executive and management experience in the high technology industry, including serving as the chief executive officer of another public company, his service on the board of another publicly held company, and his nine years of service as a director of Coherent make him an invaluable member of our Board of Directors.

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Director IndependenceTable of Contents

PROPOSAL ONE ELECTION OF DIRECTORS

The Board has determined that, with the exception of Mr. Ambroseo, all of its current members and all of the nominees for director are “independent directors”"independent directors" as that term is defined in the marketplacelisting rules of the Nasdaq Stock Market.

COHERENT, INC. – 2012 Proxy Statement   7

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Board Meetings and Committees

The Board held a total of three (3)five (5) formal meetings and acted twice by unanimous written consent during fiscal 2012.2015. Additionally, from time to time between formal meetings, members of the Board participate in update or status telephone calls and briefings, which are not included in these totals. During fiscal 2012,2015, the Board had three standing committees: the Audit Committee; the Compensation and H.R. Committee; and the Governance and Nominating Committee. From time to time, the Board may create limited ad hoc committees, service on which does not provide additional compensation. In the past, the Board has also established special committees.committees, service on which did provide compensation. No director serving during fiscal 20122015 attended fewer than 75% of the aggregate of all meetings of the Board and the committees of the Board upon which such director served. All of the members of each standing committee are “independent”"independent" as defined under the applicable rules established by the Nasdaq Stock Market.

Audit Committee

The Audit Committee which has been established in accordance with Section 3(a)(58)(A) of the Exchange Act, consists of directors James (Chair), Rogerson, and Tomlinson.Skaggs. The Audit Committee held eleven (11)thirteen (13) meetings during fiscal 2012.2015. The Board has determined that directors James, Rogerson and TomlinsonSkaggs are “audit"audit committee financial experts”experts" as that term is defined in the rules of the SEC. Among other things, the Audit Committee has the sole authority for appointing and supervising our independent registered public accounting firm and is primarily responsible for approving the services performed by our independent registered public accounting firm and for reviewing and evaluating our accounting principles and our system of internal accounting controls.

Compensation and H.R. Committee

The Compensation and H.R. Committee of the Board consists of directors Krause, Flatley Tomlinson and Vij. In December 2011, Mr. Flatley replaced Mr. Rogerson on the committee. AllVij (Chair). As noted above, all of the members of the Compensation and H.R. Committee are “independent”"independent" as defined under the marketplacelisting rules of the Nasdaq Stock Market. The Compensation and H.R. Committee held eight (8)nine (9) meetings during fiscal 2012. As part of an effort to balance committee memberships, Mr. Tomlinson ceased serving on the committee effective January 1, 2013, resulting in each of our standing committees having three members.2015 and acted once by unanimous written consent. The Compensation and H.R. Committee, among other things, reviews and approves our executive compensation policies and programs, and makes equity grants to our employees, including officers, pursuant to our stock option plans.equity plan. This committee has the sole authority delegated to it by the Board to make employee equity grants, which must beare done at a meeting rather than by written consent. For additional information about the committee’scommittee's processes and procedures for the consideration and determination of executive compensation, see “Compensation"Compensation Discussion and Analysis”Analysis".

Governance and Nominating Committee

The Governance and Nominating Committee consists of directors James, Krause and Rogerson.Rogerson (Chair). The Governance and Nominating Committee held three (3)five (5) meetings during fiscal 2012.2015. The Governance and Nominating Committee, among other things, assists the Board by making recommendations to the Board on matters concerning director nominations and elections, board committees and corporate governance, allocation of risk oversight amongst the Board and its committees and compensation for directors. For fiscal 2012,2015, the committee retained an independent compensation consultant to advise it on Board compensation.compensation for service on the Board.

Copies of the charters for each of our committees may be found on our website at www.coherent.com under “Investor"Investor Relations.”"

Attendance at Annual Meeting of Stockholders by the members of the Board of Directors

All directors are encouraged, but not required, to attend our annual meeting of stockholders. At our annual meeting held on February 28, 2012,March 4, 2015, all members of the Board attended in person other than Mr. Vij, who attended by telephone due to a prior international travel commitment.person.

Process for Stockholders to Recommend Candidates for Election to the Board of Directors

The Governance and Nominating Committee will consider nominees properly recommended by stockholders. A stockholder that desires to recommend a candidate for election to the Board must direct the recommendation in writing to us at our principal executive offices (Attention: Bret DiMarco, Corporate Secretary) and must include the candidate’scandidate's name, age, home and business contact information, principal occupation or employment, the number of shares beneficially owned by the nominee and the stockholder making the recommendation, whether any hedging transactions have been entered into by the nominee or on his or her behalf, information regarding any arrangements or understandings between the nominee and the stockholder nominating the nominee or any other persons relating to the nomination, a written statement by the nominee acknowledging that the nominee will owe a fiduciary duty to Coherent if elected, a written statement of the nominee that such nominee, if elected, intends to tender, promptly following such nominee’snominee's election or re-election, an irrevocable resignation effective upon such nominee’snominee's failure to receive the required vote for re-election at the next meeting

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at which such nominee would face re-election and upon acceptance of such resignation by the board of directors,Board in accordance with the corporation’sCoherent's guidelines or policies, and any other information required to be disclosed about the nominee if proxies were to be solicited to elect the nominee as a director.

For a stockholder recommendation to be considered by the Governance and Nominating Committee as a potential candidate at an annuala meeting of stockholders, nominations must be received on or before the deadline for receipt of stockholder proposals for such meeting. In the event a stockholder decides to nominate a candidate for director and solicits proxies for such candidate, the stockholder will need to follow the rules set forth by the SEC and in our bylaws. See “General"General Information About The Meeting—Deadlinethe Meeting-Deadline for Receipt of Stockholder Proposals.”"

The Governance and Nominating Committee’sCommittee's criteria and process for evaluating and identifying the candidates that it approves as director nominees are as follows:

•

the Governance and Nominating Committee regularly reviews the current composition and size of the Board;

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•

the Governance and Nominating Committee reviews the qualifications of any candidates who have been properly recommended by a stockholder, as well as those candidates who have been identified by management, individual members of the Board or, if the Governance and Nominating Committee determines, a search firm. Such review may, in the Governance and Nominating Committee’sCommittee's discretion, include a review solely of information provided to the Governance and Nominating Committee or may also include discussions with persons familiar with the candidate, an interview with the candidate or other actions that the committee deems proper;

•

the Governance and Nominating Committee evaluates the performance of the Board as a whole and evaluates the qualifications of individual members of the Board eligible for re-election at the annual meeting of stockholders;

•

the Governance and Nominating Committee considers the suitability of each candidate, including the current members of the Board, in light of the current size and composition of the Board. Except as may be required by rules promulgated by the Nasdaq Stock Market or the SEC, it is the current belief of the Governance and Nominating Committee that there are no specific, minimum qualifications that must be met by any candidate for the Board, nor are there specific qualities or skills that are necessary for one or more of the members of the Board to possess. In evaluating the qualifications of the candidates, the Governance and Nominating Committee considers many factors, including, issues of character, judgment, independence, age, expertise, diversity of experience, length of service, other commitments and the like. While Coherent does not have a formal policy with regard to the consideration of diversity in identifying director nominees, as noted above, diversity of experience is one of many factors that the committee considers.

Theconsiders;

•

the Governance and Nominating Committee evaluates such factors, among others, and does not assign any particular weighting or priority to any of these factors. The Governance and Nominating Committee considers each individual candidate in the context of the current perceived needs of the Board as a whole. While the Governance and Nominating Committee has not established specific minimum qualifications for director candidates, the committee believes that candidates and nominees must reflect a Board that is comprised of directors who (i) are predominantly independent, (ii) are of high integrity, (iii) have qualifications that will increase the overall effectiveness of the Board, and (iv) meet other requirements as may be required by applicable rules, such as financial literacy or financial expertise with respect to audit committee members;

•

in evaluating and identifying candidates, the Governance and Nominating Committee has the authority to retain and terminate any third party search firm that is used to identify director candidates and has the authority to approve the fees and retention terms of any search firm; and

•

after such review and consideration, the Governance and Nominating Committee recommends the slate of director nominees to the full Board for its approval.

The Governance and Nominating Committee will endeavor to notify, or cause to be notified, all director candidates, including those recommended by a stockholder, of its decision as to whether to nominate such individual for election to the Board.

Our corporate governance guidelines require that upon a member of the Board turning 72 years old, he or she shall submit a conditional resignation to the Governance and Nominating Committee effective upon the next annual meeting of stockholders. The committee then determines whether to recommend tothat the Board accept of such resignation. Mr. Krause has so notified the committee, which determined that it was not in the best interest of the Company's stockholders to accept such resignation.resignation and has included Mr. Tomlinson submitted such conditional resignation following his 72^nd birthday and the committee and Board unanimously determined not to accept the resignation. Given Mr. Tomlinson’s years of service to Coherent and finance expertise, the Board re-nominated Mr. Tomlinson as part ofKrause in the slate for this year's election of directors for consideration by the stockholders at the annual meeting.directors.

Majority Voting and Conditional Resignations from the Board of Directors

In December 2012, uponUpon the recommendation of the Governance and Nominating Committee the Board of Directors amended our bylaws, effective December 1, 2013, to change the voting standard for the election of directors that are not Contested Elections (as defined below) from a plurality to a majority of the votes cast. A majority of the votes cast means the number of votes cast “for”"for" a director’sdirector's election exceeds the number of votes cast against that director’sdirector's election (with “abstentions”"abstentions" and “broker non-votes”"broker non-votes" not counted as a vote cast either “for”"for" or “against”"against" that director’sdirector's election). However, if the number of nominees exceeds the number of directors to be elected (a “Contested Election”"Contested Election"), the directors shall be elected by a plurality of the votes cast.

In connection with the amendment to the Bylaws establishing a majority vote standard for the election of directors in elections that are not Contested Elections, the Board also adopted a director election policy to (i) establish procedures under which any incumbent director who fails to receive a majority of the votes cast in an election that is not a Contested Election shall tender his or her resignation to the Governance and Nominating Committee for consideration; and (ii) provide that the Governance and Nominating Committee will make recommendations to the Board regarding the actions to be taken with respect to all such offers to resign. The Board shall act on the resignation within ninety (90)90 days following certification of the election results. In the event that the Board does not accept such resignation, then such director shall continue to serve until such time as his or her successor is elected.

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Stockholder Communication with the BoardTable of DirectorsContents

PROPOSAL ONE ELECTION OF DIRECTORS

While the Board believes that management speaks for Coherent, the Board encourages direct communication from stockholders. Accordingly, any stockholder may contact any member of our directorsBoard of Directors individually or as a group by writing to them by mail c/o Bret DiMarco, Corporate Secretary, atto our principal executive offices the address of which appears on the inside back cover of this proxy statement.(c/o Corporate Secretary) at 5100 Patrick Henry Dr., Santa Clara, CA 95054.

Any stockholder may report to us any complaints or comments regarding accounting, internal accounting controls, or auditing matters. Any stockholder who wishes to so contact us should send such complaints or comments to the Audit Committee c/o Bret DiMarco, Corporate Secretary, at our principal executive offices, the address of which appears on the inside back cover of this proxy statement.

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Any stockholder communications that the Board is to receivereceives will first go to our Corporate Secretary, who will log the date of receipt of the communication as well as the identity and contact information of the correspondent in our stockholder communications log.

Our Corporate Secretary will review, summarize and, if appropriate, investigate the complaint under the direction of the appropriate committee of the Board in a timely manner. In the case of accounting or auditing related matters, a member of the Audit Committee, or the Audit Committee as a whole, will then review the summary of the communication, the results of the investigation, if any, and, if appropriate, the draft response. The summary and response will be in the form of a memo, which will become part of the stockholder communications log that the Corporate Secretary maintains with respect to all stockholder communications.

Independent Chair and Board Leadership

Our Board leadership structure consists of an independent Chairman, who is elected by the independent directors, and independent committee chairs. We separate the positions of Chief Executive Officer and Chairman in recognition of the differences between the two roles. The Board believes this structure provides independent Board leadership and engagement.

Given that our Chairman is an independent director, the Board does not feel the need for a separate “lead"lead independent director,”" as our independent Chairman performs that function. The Board takes its independence seriously and reinforces this standard with six of its seven members being independent.

The role of the Board and its Committees in Risk Oversight

The Board oversees Coherent’sCoherent's risk profile and management’smanagement's processes for assessing and managing risk, both as a whole Board and through its committees, with our Governance and Nominating Committee delegated the responsibility for assigning oversight responsibilities to each committee and the Board as a whole. Our senior executive team provides regular updates to the Board and each committee regarding our strategies and objectives and the risks inherent with them.

Each regular meeting of the Board includes a discussion of risks related to the Company’sCompany's financial results and operations and each committee schedules risk-related presentations regularly throughout the year. In addition our directors have access to our management to discuss any matters of interest, including those related to risk. Those members of management most knowledgeable of the issues attend Board and committee meetings to provide additional insight on the matters being discussed, including risk exposures. Our Chief Financial Officer and General Counsel both report directly to our Chief Executive Officer, providing him with further visibility to our risk profile. A Vice President, Finance is the designated officer overseeing our enterprise risk management program and works closely with both our Chief Financial Officer and General Counsel on these matters.

These regular meetings also provide our Board members the opportunity to discuss issues of concern directly with management. In general the Board and its committees oversee the following risk categories:

•

The

the Board generally oversees generally the Company’sCompany's overall enterprise risk management process and specifically with regards to the areas of strategy, mergers and acquisitions, communications and operations;

•

The

the Audit Committee generally oversees risks primarily related to financial controls, IT, accounting, tax, treasury, capital, legal, regulatory and compliance;

•

The

the Compensation and H.R. Committee generally oversees our compensation programs so that they do not incentivize excessive risk taking as well as overseeing human resources related risks; and

•

The

the Governance and Nominating Committee oversees the assignment of risk oversight categories by each particular committee and/or the Board as a whole as well as those risks related to compensation of members of the Board, succession planning for the Board and chief executive officer.

Chief Executive Officer.

In the fallwinter of 2012,calendar 2015, management presented an assessment of the risks associated with the Company’sCompany's compensation plans. The Compensation and H.R. Committee agreed with the conclusion that the risks were within our ability to effectively monitor and manage and that these risks are not reasonably likely to have a material adverse effect on the Company.

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Fiscal 2012 Director CompensationTable of Contents

PROPOSAL ONE ELECTION OF DIRECTORS

The Board of Directors (acting on the recommendation of the Governance and Nominating Committee) has approved the Company's Corporate Governance Guidelines, which include, among other items (in addition to those items described elsewhere in this proxy):

•

At each regular meeting of the Board the independent directors also meet in executive session without the presence of management;

•

To avoid "over-boarding" we maintain the following limits on service on other boards:

•

CEO—No more than one (1) other public company board of directors in addition to the Company (note, however, that Mr. Ambroseo does not serve on any public company boards other than ours);

•

Independent Directors—No more than four (4) other public company board of directors in addition to the Company;

•

Audit Committee members—No more than three (3) other public company audit committees in addition to the Company;

•

Each independent member of the Board must within five years of initial appointment acquire and thereafter maintain a minimum value of Company stock equal to three times such director's annual Board cash retainer (exclusive of any cash retainer for service as Chair or committee service);

•

The Board is responsible for reviewing the Company's succession planning and senior management development on an annual basis;

•

The Board maintains an age-based term limit of 72 (provided, that the Governance and Nominating Committee maintains the flexibility to not apply such limit on a facts and circumstances basis).

During fiscal 2012,2015, we paid our non-employee directors an annual retainer (depending upon position) and for service on the Board as follows:

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Beginning in the second quarter of fiscal year 2013, the annual retainer for the Board Chair was increased to $40,000. The increase was approved by the Governance and Nominating Committee after a reviewannually reviews Board and committee compensation with the assistance of the compensation of the Board of Directors by the committee’san independent compensation consultant, which for fiscal 2015 was Compensia. In particular, Compensia is separately compensated for this work from the work it does as the Compensation and H.R. Committee's independent consultant for executive compensation. As noted that the Chair annual retainer was significantly below the median compensation measured against the Company’s peer group (which was the same group used for comparing compensationelsewhere in this proxy statement, Compensia has not provided any other service for the named executive officers).Company other than as directed by a committee of the Board.

The chart below summarizes the gross cash amounts earned by non-employee directors for service during fiscal 20122015 on the Board and its committees (all amounts in dollars):committees:

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PROPOSAL ONE ELECTION OF DIRECTORS

The chart below summarizespresents information concerning the amounts earned bytotal compensation of our non-employee directors for serviceservices (including both Board and, where applicable, committee service) provided during the fiscal 2012:year ended October 3, 2015:

The following table shows equity grants received by non-employee directors in fiscal 2012:2015:

Our stockholders approved the adoption of our 2011 Equity Incentive Plan at our annual meeting held in March 2011 (the “2011 Plan”"2011 Plan").

TheFollowing the recommendation of the Governance and Nominating Committee (based upon the review by Compensia), the Board has adopted resolutions automatically granting under the 2011 Plan each non-employee member of the Board of Directors 3,500 RSUs upon such member’smember's reelection to the Board, with vesting on February 15 of the following year. Effective in December 2011, the Board determined that upon the initial appointment of a non-employee member to the Board, such new director will receive a grant of 3,500 RSUs, which vest over two years (fifty percent on each anniversary of grant).

For option grants held by a director who retires after at least eight years of service on the Board which are outstanding under the 1998 Director Plan, such grants will fully vest and the director will have the right to exercise his or her option as to both vested and unvested shares

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PROPOSAL ONE ELECTION OF DIRECTORS

as of such date. The option will remain exercisable for the lesser of (i) two (2) years following the date of such director’sdirector's retirement or (ii) the expiration of the option’soption's original term. No unvested options remain outstanding. This provision was not adopted for option grants under the 2011 Plan.

With the adoption of our 2011 Plan, the 1998 Director Plan has been terminated other than for outstanding historical grants made thereunder. As of September 29, 2012, 441,000October 3, 2015, 548,000 shares have been issued upon the exercise of options and the vesting of RSUs under the 1998 Director Plan.

Option Exercises and Stock Vested at 2012 Fiscal Year-End

The table below sets forth certain information for each non-employee director regarding the exercise of options and the vesting of stock awards during the year ended September 29, 2012,October 3, 2015, including the aggregate value realized upon such exercise or vesting.

Vote Required

Every stockholder voting for the election of directors may cumulate such stockholder’sstockholder's votes and give one candidate a number of votes equal to the number of directors to be elected multiplied by the number of votes to which the stockholder’sstockholder's shares are entitled. Alternatively, a stockholder may distribute his or her votes on the same principle among as many candidates as the stockholder thinks fit, provided that votes cannot be cast for more than seven (7) candidates. However, no stockholder will be entitled to cumulate votes for a candidate unless (i) such candidate’scandidate's name has been properly placed in nomination for election at the Annual Meeting prior to the voting and (ii) the stockholder, or any other stockholder, has given notice at the meeting prior to the voting of the intention to cumulate the stockholder’sstockholder's votes. If cumulative voting occurs at the meeting and you do not specify how to distribute your votes, your proxy holders (the individuals named on your proxy card) will cumulate votes in such a manner as will ensure the election of as many of the nominees listed above as possible, and the specific nominees to be voted for will be determined by the proxy holders.

If a quorum is present, each of the seven (7) nominees receiving the highest number ofwho receives more "FOR" votes than "AGAINST" votes will be elected to the Board. See “Information Concerning Solicitation and Voting—Quorum; Abstentions; Broker Non-Votes.”elected.

The Board recommends that Stockholders vote “FOR”"FOR" the seven nominees presented herein.

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The Audit Committee of the Board has selected Deloitte & Touche LLP, an independent registered public accounting firm, to audit our financial statements for the fiscal year ending September 28, 2013,October 1, 2016, and recommends that stockholders vote for ratification of such appointment. Deloitte & Touche LLP has audited our financial statements since the fiscal year ended September 25, 1976. Although ratification by stockholders is not required by law, the Audit Committee has determined that it is desirable to request ratification of this selection by the stockholders as a matter of good corporate practice. Notwithstanding its selection, the Audit Committee, in its discretion, may appoint a new independent registered public accounting firm at any time during the year if the Audit Committee believes that such a change would be in the best interest of Coherent and its stockholders. If the stockholders do not ratify the appointment of Deloitte & Touche LLP, the Audit Committee may reconsider its selection. The Audit Committee selected Deloitte & Touche LLP to audit our financial statements for the fiscal year ended September 29, 2012,October 3, 2015, which was ratified by our stockholders.

Representatives of Deloitte & Touche LLP are expected to be present at the meeting and will be afforded the opportunity to make a statement if they desire to do so. The representatives of Deloitte & Touche LLP are also expected to be available to respond to appropriate questions.

Principal Accounting Fees and Services

The following table sets forth fees for services provided by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte”"Deloitte") during fiscal years 20122015 and 2011:2014:

The Audit Committee has determined that the provision of non-audit services by Deloitte is compatible with maintaining Deloitte’sDeloitte's independence. In accordance with its charter, the Audit Committee approves in advance all audit and non-audit services to be provided by Deloitte. In other cases, the Chairman of the Audit Committee has the delegated authority from the Committee to pre-approve certain additional services, and such pre-approvals are communicated to the full Committee at its next meeting. During fiscal years 20122015 and 2011,2014, 100% of the services were pre-approved by the Audit Committee in accordance with this policy.

Vote Required

The affirmative vote of a majority of the votes cast will be required to ratify the selection of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending September 28, 2013.October 1, 2016.

The Audit Committee and the Board recommends that Stockholders vote “FOR”"FOR" the ratification of the appointment of Deloitte & Touche LLP as our Independent Registered Public Accounting Firmindependent registered public accounting firm for the fiscal year ending September 28, 2013.October 1, 2016.

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PROPOSAL THREE Table of Contents   ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION

At our Annual Meeting in March 2011, our stockholders indicated that they would like to have an annual advisory vote on executive compensation. Accordingly, our Board of Directors proposes that stockholders provide advisory (non-binding) approval of the compensation of our named executive officers, as disclosed pursuant to the compensation disclosure rules of the SEC, including the Compensation Discussion and Analysis, the Fiscal 20122015 Summary Compensation Table and related tables and disclosure.

As described in our Compensation Discussion and Analysis, we have adopted an executive compensation philosophy designed to provide alignment between executive pay and performance and to focus executives on making decisions that enhance our stockholder value in both the short and long term. Executives are compensated in a manner consistent with Coherent’sCoherent's strategy, competitive practices, stockholder interest alignment, and evolving compensation governance standards. The committee positions the midpoint of our target compensation ranges near the 50^th percentile of our peers, with actual compensation falling above or below depending upon the Company’s financial performance.

Vote Required

Under our bylaws the affirmative vote of the holders of a majority of the votes cast is required to approve the compensation of our named executive officers disclosed in this proxy statement. The vote is an advisory vote, and therefore not binding. Our Board of Directors values the opinions of our stockholders and to the extent there is any significant vote against the named executive officer compensation as disclosed in this proxy statement, we will consider our stockholders’stockholders' concerns and the Compensation and H.R. Committee will evaluate whether any actions are necessary to address those concerns.

Recommendation

The Board of Directors unanimously recommends that Stockholders vote “FOR”"FOR" the approval of our named Executive Officer Compensation disclosed in this proxy statement.

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SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT

Security Ownership of Certain Beneficial Owners and Management

The following table sets forth, as of December 31, 2012,2015, certain information with respect to the beneficial ownership of common stock by (i) any person (including any “group”"group" as that term is used in Section 13(d)(3) of the Exchange Act known by us to be the beneficial owner of more than 5% of our voting securities, (ii) each director and each nominee for director, (iii) each of the executive officers named in the Summary Compensation Table appearing herein, and (iv) all executive officers and directors as a group, based on information available to the Company as of filing this proxy statement. We do not know of any arrangements, including any pledge by any person of our securities, the operation of which may at a subsequent date result in a change of control. Unless otherwise indicated, the address of each stockholder in the table below is c/o Coherent, Inc., 5100 Patrick Henry Drive, Santa Clara, California 95054.

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Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934 (the “Exchange Act”"Exchange Act") requires our officers and directors, and persons who own more than ten percent of a registered class of our equity securities to file reports of ownership and changes in ownership with the SEC. Such officers, directors and ten-percent stockholders are also required by SEC rules to furnish us with copies of all forms that they file pursuant to Section 16(a). Based solely on our review of the copies of such forms received by us, and on written representations from certain reporting persons that no other reports were required for such persons, we believe that, during fiscal 2012,2015, our officers, directors and, to our knowledge, greater than ten percent stockholders complied with all applicable Section 16(a) filing requirements other than the Form 4 filings for our independent director annual grants (Messrs. Flatley, Krause, Rogerson, Tomlinson and Vij and Ms. James) for our February 2012 annual meeting and one sale transaction for Ms. James in February 2012. The delayed reporting was caused by administrative error and promptly corrected.

OUR EXECUTIVE OFFICERS

The name, age, position and a brief account of the business experience of our chief executive officerChief Executive Officer and each of our other executive officers as of December 31, 20122015 are set forth below:

Please see “Nominees”heading "Nominees" under Proposal One above for Mr. Ambroseo’sAmbroseo's biographical information.

Helene Simonet.Ms. Simonet has served as our Executive Vice President and Chief Financial Officer since April 2002. Ms. Simonet served as Vice President of Finance of our former Medical Group and Vice President of Finance, Photonics Division from December 1999 to April 2002. Prior to joining Coherent, she spent over twenty years in senior finance positions at Raychem Corporation’sCorporation's Division and Corporate organizations, including Vice President of Finance of the Raynet Corporation. Since October 2014, Ms. Simonet has served as a member of the Board of Directors of Rogers Corporation, a NYSE-listed provider of engineered materials. Ms. Simonet has both Master’sMaster's and Bachelor degrees from the University of Leuven, Belgium. As previously disclosed, Ms. Simonet has notified the Company that she intends to retire from her current positions with the Company effective February 1, 2016.

Mark Sobey.Mr. Sobey has served as ourwas appointed Executive Vice President of Coherent and General Manager of Specialty Laser Systems (SLS) sincein April 2010. Mr. SobeyHe has served as Senior Vice President and General Manager for the SLS Business Group, which primarily serves the Microelectronics and Research markets, fromsince joining Coherent in July 2007 until April 2010.2007. Prior to Coherent, Mr. Sobey has spent over 20 years in the Laser and Fiber Optics Telecommunications industries, including roles as Senior Vice President Product Management at Cymer from January 2006 through June 2007 and previously as Senior Vice President Global Sales at JDS Uniphase through October 2005. He received his PhD in Engineering and BSc in Physics, both from the University of Strathclyde in Scotland.

Paul Sechrist.Mr. Paul Sechrist has served as ourwas appointed Executive Vice President, Worldwide Sales and Service in March 2011. He has over 2835 years of experience with Coherent, including roles as Senior Vice President and General Manager of Commercial Lasers and Components Business Group from October 2008 to March 2011, Vice President and General Manager of Specialty Laser Systems, Business Group, Santa Clara from March 2008 to October 2008 and Vice President for Components from April 2005 to October 2008. Prior to this, Mr. Sechrist also held roles in Sales Management, Sales, Applications and Manufacturing. Mr. Sechrist received an AA degree from San Jose City College, with Physics studies at California State University, Hayward.

Luis Spinelli. Mr. Spinelli has served as our Executive Vice President and Chief Technology Officer since February 2004. Mr. Spinelli joined the Company in May 1985 and has since held various engineering and managerial positions, including Vice President, Advanced Research from April 2000 to September 2002 and Vice President, Corporate Research from September 2002 to February 2004. Mr. Spinelli has led the Advanced Research Unit from its inception in 1998, whose charter is to identify and evaluate new and emerging technologies of interest for us across a range of disciplines in the laser field. Mr. Spinelli holds a degree in Electrical Engineering from the University of Buenos Aires, Argentina with post-graduate work at the Massachusetts Institute of Technology.

Bret M. DiMarco.Mr. DiMarco has served as our Executive Vice President and General Counsel since June 2006 and our Corporate Secretary since February 2007. From February 2003 until May 2006, Mr. DiMarco was a member and from October 1995 until January 2003 was an associate at Wilson Sonsini Goodrich & Rosati, P.C., a law firm. Mr. DiMarco received a BachelorBachelor's degree from the University of California at Irvine and a Juris Doctorate degree from the Law Center at the University of Southern California. HeMr. DiMarco is also an adjunct professor of law at the University of California Hastings Collegea member of the Law, teaching corporate lawNasdaq Listing and mergers and acquisitions.Hearing Review Council.

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Compensation Discussion and Analysis

Introduction COMPENSATION DISCUSSION AND ANALYSIS

In this section, we describe the material components of our executive compensation program for our “Named"Named Executive Officers”Officers" or “NEOs”"NEOs": Ms. Simonet and Messrs. Ambroseo, Sobey, Sechrist and DiMarco.

We also provide an overview of our executive compensation philosophy, principal compensation policies and practices by which the Compensation and H.R. Committee, or the committee, arrives at its decisions regarding NEO compensation.

Stockholder Feedback

The committee carefully considers feedback from our stockholders regarding our executive compensation program, including the results of our annual advisory vote on executive compensation, which (as seen below) has beenour stockholders have historically strongly supported by our stockholders. Stockholderssupported. All stockholders are invited to express their views to the committee as described in this proxy under the heading “Stockholder"Stockholder Communication with the Board of Directors.”" The committee welcomes direct stockholder feedback and considers such feedback as well as the results of our historical "say on pay" results in its deliberations on executive compensation. We strongly urge our stockholders to read this Compensation Discussion and Analysis in conjunction with the advisory vote under Proposal Three.

Executive Summary

Our Business

Founded in 1966, we are a world leader in providing photonics based solutions toCoherent, Inc. is one of the leading providers of lasers and laser-based technology for scientific, commercial and scientific research markets.industrial customers. Our common stock is listed on the NASDAQNasdaq Global Select Market and is part of the Russell 2000 and Standard & Poor’sPoor's SmallCap 600 Index. For more information about our business, please read “Business”"Business" and “Management’s"Management's Discussion and Analysis of Financial Condition and Results of Operations”Operations" sections in our Annual Report on Form 10-K filed with the Securities and Exchange CommissionSEC on November 28, 2012.December 1, 2015.

Selected Business Highlights

Fiscal 2012 saw Coherent maintain a strong financial performance. However,While we experienced slight growth in revenues, we did not match the prior year’s level ofmeet our own internal revenue growth especially when measured against the multiple financial performance records seentargets in fiscal 2011, including annual2015. Offsetting our revenue results, however, we were able to significantly grow our pro forma EBITDA percentageEBITDA% and pro forma earnings per share. Our continued strong financial performance allowed us to continue to invest inAccordingly, the development of new technologies and to prudently return money to our stockholders through our stock repurchase programs. These resultsCompany did not fully meet the performance requirements underperformance-related goals for our executive compensation programs, andincluding both metrics in our annual cash program as well as our long-term performance measurement under our performance-based RSU design. As a result, you will see in the coming pages that in fiscal 2015 our performance-related executive variable cash compensation program had a significantly lower payout than targeted.below target payouts.

Set forth below are tables reflecting several performance metrics from the last three fiscal years.

Our revenue grew 33%decreased 2% from fiscal 20102013 to fiscal 20112014 and decreased 4%increased 1% from fiscal 20112014 to fiscal 20122015 (dollars in millions):

Our pro forma EBITDA% increased from 17% to 19.5%decreased 3% from fiscal 20102013 to fiscal 20112014 and decreasedincreased 12% from fiscal 2014 to 18.4% in fiscal 2012:2015:

Our non-GAAP earnings per share grew 80%decreased 10% from fiscal 20102013 to fiscal 20112014 and declined 11% inincreased 22% from fiscal 2012:2014 to fiscal 2015:

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Compensation Overview

Compensation Philosophy.Our approach to compensating our executives is to We tie executive total compensation to stockholder value bywith two measures: our operational results and the comparative performance of operations and our stock price. This approach provides strong alignment between executive pay and performance and focuses executives on making decisions that enhance our stockholder value in both the short and long-term. We design our executive compensation program to achieve the following goals:

•

Pay for Performance,performance, with both short and long-term measurements—A significant portion of the annual compensation of our executives is designed to vary with annual business performance and a comparative achievement to stockholder return by athe long-term relative performance of Coherent's stock price in comparison to the Russell 2000 Index.Index (by way of a single three year vesting period). The committee and management set demanding performance targets, so that even though the Company's financial performance has been solid, payouts and vesting achievements have not been as robust. As seen over the last several fiscal years, this direct connection has been demonstrated by the reduced payouts under our annual cash bonus plan as well as the below target vesting for our performance share grants. The following chart shows the payout percentages for each of the last three fiscal years under our annual variable compensation program:

•

Tie compensation to performance of the core business—Our fiscal 20122015 annual cash bonus plan was dependent upon Coherent’sCoherent's achievement against two thresholds:criteria: adjusted EBITDA dollars and net sales.revenue. The committee feltdetermined that these were the most effective metrics for tying management’smanagement's compensation directly to Coherent’sCoherent's core operating results.

result for fiscal 2015.

•

Retain and Hire Talented Executiveshire talented executives—ExecutivesOur executives should have base salaries and employee benefits that are market competitive compensation and the committee positions the midpoint oforients our target total compensation rangesgenerally near the 50^th percentile of ourthe committee's selected peer group (as noted below), with actual compensation falling above or below depending upon Coherent’sCoherent's financial performance.

Additionally, certain compensation components may be above or below such percentile target and varies by individual executive.

•

Align compensation with stockholder interests—Our stockholders benefit from continued strong operating performance by the Company and the committee believeswe believe that having a significant portion of compensation tied to equity with both time and performance-based vesting requirements directly aligns management to stockholder returns. The performance-based RSUs make up the largest potential portion of the equity grants for our CEO. Grants of performance-based RSUs in fiscal 20122015 have the same measurement as in fiscal 2014: a single vesting date three years from grant solely dependent upon the performance of Coherent’sCoherent's common stock price measured against the Russell 2000 Index.Index, with target at meeting the index's performance. For each 1% Coherent’sthat Coherent's common stock exceeds the performance of the Russell 2000 Index for the trailing ninety90 trading days from the vesting measurement date against the comparable period from the date of grant, the grant recipient will get a 2% increase in the number of shares above target (up to a maximum cap)cap of 200% of target), and for each 1% below the Russell 2000 Index’sIndex's performance, a 2%4% decrease in the number of shares (down to zero). TheAs a result, compensation decreases faster for failing to achieve the target than it increases for exceeding it. If Coherent's stock underperforms the Russell 2000 performance by more than 25%, then there is no payout, but in order to hit the maximum achievable amounts underpossible payout, Coherent's stock has to outperform the performance-based RSUs make upindex by at least 50% (the downside is faster achieved than the largest potential portion of the equity grantsupside). Accordingly, for our chief executive officer.executives to achieve the committee's targeted compensation, Coherent's common stock must at least meet the Russell 2000 Index. The chart below shows this structure:

Elements of Executive Compensation.During fiscal 2012,2015, the compensation of our NEOs primarily consisted of (A) base salary, (B) participation in our annual variable cash incentivecompensation plan (referred to belowherein as our “cash"cash bonus plan”plan" or “VCP”"VCP"), and (C) long-term equity incentive awards divided between time-based RSUs and performance-based RSUs. For fiscal 2012,2015, on average, approximately 80%77% of our NEO’sNEO's target compensation and approximately 88%84% of our CEO’sCEO's target compensation was delivered in the form of variable annualthrough our cash bonus plan and long-term equity incentives.incentives (both time and performance vesting).

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As a demonstration of how closely executive cash compensation is tied to company performance, the cash pay mixcompensation for our chief executive officerCEO during fiscal 2012 2015at target, maximum and actualcan be illustrated as follows (*) (dollars in thousands):

You will note that our CEO's performance-based cash compensation was below target since the Company did not fully meet the performance criteria under our cash bonus plan.

Compensation Governance.“Pay    "Pay for performance”performance" has been and remains at the core of Coherent’sCoherent's executive compensation.compensation coupled with appropriately managing risk and aligning our compensation programs with long-term stockholder interests. We accomplish this primarily by (i) having a majority of the NEOs’our NEOs' potential compensation being “at risk”"at risk" through a combination of (i) a fiscal year variable cash bonus program tied to achievement of operatingfinancial metrics and (ii) equity grant vesting tied to achievement of a performance metric. In addition to this core philosophy, theThe committee monitors and considers evolving governance approaches and standards in executive compensation. compensation, as well as communications it receives directly from stockholders.

As more fully discussed below, recent examples of how this philosophy is applied and changes made pursuant to compensation practices as well as governance practices in effect during fiscal 2015, include:

•

As a result of

In fiscal 2015, the performance criteriapayouts of our annual cash bonus plan in fiscal 2012 the payouts to our NEOs were approximately 19.9%85% as compared to a target including no payout in the second half of the year due to a failure to meet the threshold conditions;

100%;

•

We have a claw-backrecoupment or "claw-back" policy for our chief executive officerChief Executive Officer and chief financial officer in certain circumstances;

Chief Financial Officer, as described below;

•

We have minimum share ownership requirements for our chiefChief Executive Officer and members of the Board of Directors;

•

Our performance-based RSU program is measured by the Company's stock price achievement against the Russell 2000 over a three year period, which the committee believes is a direct connection to long-term total stockholder return;

•

The committee is composed entirely of directors who satisfy the standards of independence in Coherent's Corporate Governance Guidelines and Nasdaq listing standards;

•

Executive incentive compensation programs include limits on maximum payouts to contain the risk of excessive payouts;

•

We have eliminated historical perquisites as an element of executive officer;

compensation;

•

Our change-of-control plan provides for payment only in “double-trigger” circumstances—namely"double-trigger" circumstances-namely a change-of-control coupled with a termination of employment; and

•

Aside from our change-of-control plan,

None of our executive officers doare entitled to any "gross-up" to offset the impact of IRS Code Section 280G in connection with a change-of-control; and

•

None of our executive officers have other than "at will" employment.

Our stockholders have historically strongly supported our executive compensation philosophy and design as seen in the significant majorities approving our "say on pay" proposal(does not have employment or severance contracts.include broker non-votes; rounded):

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Role of Management

The committee regularly meets with Mr. Ambroseo, our chief executive officer,Chief Executive Officer, to obtain recommendations with respect to the compensation programs, practices and packages for our Named Executive Officers other than Mr. Ambroseo. Additionally, Ms. Simonet, our executive vice presidentExecutive Vice President and chief financial officer,Chief Financial Officer, Mr. DiMarco, our executive vice presidentExecutive Vice President and general counselGeneral Counsel, and members of our human resources department are regularly invited to meetings of the committee or otherwise asked to assist the committee.

The assistance of these individuals include providing financial information and analysis for the committee and its compensation consultant, taking minutes of the meeting or providing legal advice, developing compensation proposals for consideration, and providing insights regarding our employees (executive and otherwise) and the business context for the committee’scommittee's decisions. Named Executive Officers will attend portions of committee meetings when requested,invited by the committee, but leave the meetings when matters potentially affecting them are discussed.

The committee makes decisions regarding Mr. Ambroseo’sAmbroseo's compensation without him present.

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Role of the Committee’sCommittee's Compensation Consultant

The committee is committed to utilizingutilizes the services of an independent compensation consultant and in fiscal 2012,2015, engaged Compensia as its independent compensation consultant. Compensia assisted the committee by:

•

Reviewing and analyzing our executive compensation program; and

program, including providing NEO tally sheets to the Committee at each of its regular meetings;

•

Providing market data and ranges for fiscal 2012 compensation.

2015 compensation; and

•

Providing further insight on compensation governance trends.

Additionally, in fiscal 2012,2015, Compensia was retained by the Governance and Nominating Committee to review, analyze and make recommendations regarding compensation for service on the Board of Directors and its committees.

The independent compensation consultant serves at the discretion of the committee and is not permitted to do other work for Coherent unless expressly authorized by the committee. Since retention, Compensia has not performed any work for Coherent other than its work with the committee, the Board of Directors or other committees of the Board of Directors. The committee is focused on maintaining the independence of its compensation consultant and, accordingly, does not anticipate having its consultant perform any other work for the Company in addition to its direct work for the committee or the Board. The committee has assessed the independence of Compensia and concluded that no conflict of interest exists.

WeThe Company also participateparticipates in and maintainmaintains a subscription to the Radford Global Technology Survey. This survey provides benchmark data and compensation practices reports of a broad cross-section of technology companies similar in size to Coherent to assist us with regards to employee compensation generally.

Pay Positioning Strategy and Benchmarking of Compensation

We have striven to positionPhilosophically the committee initially orients the midpoint of our target total compensation rangesfor our NEOs generally near the 50^th50th percentile of our peers (as measured by our designated peer group and, when applicable, data from the Radford Global Technology Survey), resulting in targeted total compensation that is competitive within our labor market for performance that meets the objectives established by the committee. A Named Executive Officer’sOfficer's actual salary, cash incentive compensation opportunity and equity compensation grant value may fall below or above the target position based on the individual’sindividual's experience, seniority, skills, knowledge, performance and contributions.contributions as well as the historical pay structure for each executive. These factors are weighed individually by the committee in its judgment, and no single factor takes precedence over others nor is any formula used in making these decisions. In light of the fact that the committee has designed the significant majority of the Chief Executive Officer's compensation to be at risk, including 2/3rds of his long-term equity compensation, for fiscal 2015 the committee asked Compensia to provide information at the 50^th and 75^th percentile for our Chief Executive Officer. Given the significant ties to performance, the committee oriented his compensation target closer to the 75^th percentile.

The chief executive officer’sChief Executive Officer's review of the performance of the other Named Executive Officers is considered by the committee in making individual pay decisions. With respect to the chief executive officer,Chief Executive Officer, the committee additionally considered the performance of Coherent as a whole and the views of the Board of Directors regarding the chief executive officer’sChief Executive Officer's performance. Actual realized pay is higher or lower than the targeted amounts for each individual based primarily on the Company’sCompany's performance. For example, the performance RSUs granted in 2012 only vested as to 60% of target, which resulted in value received that is significantly lower than the "accounting value" reflected for equity compensation for each NEO reflected in the summary compensation table for that year.

In analyzing our executive compensation program relative to this target market positioning, the committee reviews information provided by its independent compensation consultant, which includes an analysis of data from peer companies’companies' proxy filings with respect to similarly situated individuals at the peer companies (when available) and the Radford Global Technology Survey (as a supplement when peer group company data is unavailable). It is important to note that these are the peers selected by the committee. The committee uses criteria as described below in determining the appropriate group. There are proxy advisory services which isuse their own criteria to select peers for the Company and, accordingly, stockholders should be aware that these advisory services do not, in fact, follow the same methodology of the committee and there may be wide variances between the different peer groups used by these services. Any comparison of company performance or market data for executive compensation using a broad cross-sectioncompletely different peer group will, therefore, naturally result in a different analysis. We encourage our stockholders to consider the peer group used in any comparisons and direct any questions to the committee regarding such comparisons or any other matters when considering how to vote on Proposal Three.

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COMPENSATION DISCUSSION AND ANALYSIS

For pay decisions made infor fiscal 2012,2015, after consulting with our independent compensation consultant, the committee determined that the following companies comprise the peer group for fiscal 2012:2015:

The committee made the following changeschange to the group of peer companies from fiscal 20112014 primarily as a result of filtering such companies through the selection criteria noted below:

Removed: Altera, Linear Technology, Opnext, Varian Semiconductor and Veeco Instruments.

Added:Cabot Microelectronics, Emulex, Entegris, Harmonic, MKS Instruments, National Instruments, Novellus MTS Systems and Polycom.Corp.

Several factors are considered in selecting the peer group, the most important of which are:

Primary Criteria

•

Industry (primarily companies in the Electronic Equipment and Semiconductor sub-industry classifications defined by the Global Industry Classification Standard (GICS) system);

and

•

Revenue level (primarily companies with annual revenues between 0.5x-2.0x that of Coherent);

.

Secondary Criteria

•

Annual

Sustained ("multi-year") revenue growth of greater than 5%;

growth;

•

Market capitalization between 0.5 and 2.0x of Coherent; and

•

Market capitalization as a multiple of revenues of greater than 1.5x.

1.5x; and

•

A disclosed peer of a peer company.

The committee annually reviews the composition of the peer group annually to ensure it is the most relevant set of companies to use for comparison purposes.

Components of Our Executive Compensation Program

The principal components of our executive officer compensation and employment arrangements during fiscal 20122015 included:

•

Base salary;

•

Variable cash

Cash bonus program;

plan;

•

Equity awards; and

•

Other benefits.

These components were selected because the committee believes that a combination of salary, incentive pay and benefits is necessary to help us attract and retain the executive talent on which Coherent’sCoherent's success depends. The following table shows at target the components of total direct compensationat target for our named executive officers as a group for fiscal 2012.2015. In maintaining the design for fiscal 2015, the committee recognized the significant support received from the Company's stockholders for the compensation program design, as reflected in the continued overwhelming vote totals in favor of our executive compensation through our annual "say-on-pay" proposal.

Base Salary

Base salary is the foundation to providing an appropriate total direct compensation package. We use base salary to fairly and competitively compensate our executives for the jobs we ask them to perform. This is the most stable component of our executive compensation program, as this amount is not at risk. The committee reviewed market data information provided by Compensia with respect to similarly situated individuals to assist it in determining the base salary for each Named Executive Officer, depending upon the particular executive’sexecutive's experience, seniority, skills, knowledge, performance and historical performance. There were nocontribution. At management's recommendation our named

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executive officers have had few salary increases to salaryin recent years: one individual in fiscal 20122013 and one individual in fiscal 2014. After reviewing this base salary trend and in reviewing peer compensation data, the Committee determined to increase salaries in fiscal 2015 for any of our Named Executive Officers.Ms. Simonet and Messrs. DiMarco, Sechrist, and Sobey.

Variable Cash Incentive Compensation

A substantial portion of each individual’sindividual's potential short-term compensation is in the form of variable incentive pay tied to committee-established goals. In fiscal 2012,2015, Coherent maintained one incentive cash program under which executive officers were eligible to receive cash bonuses, the 20122015 Variable Compensation Plan (“2012 VCP”("2015 VCP").

2012 2015 VCP

The 20122015 VCP was designed as an “at risk”"at risk" bonus compensation program to promote a focus on theCoherent's growth and profitability of Coherent.profitability. It provided incentive compensation opportunity in line with targeted market rates to our Named Executive Officers. Under the 20122015 VCP, participants were eligible to receive bi-annual bonuses (with measurement periods for the first half and the second half of the 20122015 fiscal year). In setting the performance goals at the beginning of the fiscal year, the committee assessed the anticipated difficulty and importance to the success of Coherent of achieving the performance goals.

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The actual awards (if any) payable for each semi-annual period varied depending on the extent to which actual performance met, exceeded or fell short of the goals approved by the committee, which are set at the beginning of the fiscal year.committee. The 20122015 VCP goals were tied to Coherent achieving varying levels of revenue and adjusted EBITDA dollars (“("adjusted EBITDA $”$"), with a requirement of achieving two thresholds for each payment period: (1)revenue weighted at least 80% of25% and adjusted EBITDA weighted at 75%. Each performance metric is measured and paid out independently, but the Board-approved budgeted revenue and (2)payout is capped at 100% achievement until adjusted EBITDA reaches a minimum of a certain adjusted EBITDA $, without giving effect to any 2012 VCP payments.dollar target. Adjusted EBITDA wasis defined as earnings before interest, taxes, depreciation, amortization and certain other non-operating income and expense items and other items, such as the fiscal impact of stock option expensing under Financial Accounting Standards Board, or FASB,the Accounting Standards Codification or ASC 718, 2012 VCP earned, impairment or restructuring charges,"Compensation—Stock Compensation" and certain acquisition related expenses. The Committee also reviews the financial impact of mergers and acquisitions made during the fiscal year.to determine if any adjustments in VCP are required.

Each measurement period had the same range of between zero and 200%, with target at 100% of the executive’sexecutive's participation rate. Consistent

Revenue achievement for the first half of fiscal 2015 was $404.3 million, with its analysis of whether compensation programs create risk, the committee reduced the maximum percentage which could be earned under the annuala corresponding cash bonus programpayout of approximately 45.3% of target. Adjusted EBITDA$ achievement for the first half of fiscal 2015 was $80.8 million, with a corresponding cash bonus payout of approximately 125.0% of target. The weighted, combined cash bonus payout was approximately 105.1% of target.

Revenue achievement for the 2012second half of fiscal year from 300% to 200%2015 was $396.1 million, with a corresponding cash bonus payout of 0%.

Fiscal 2012 Variable Compensation Plan Scale Adjusted EBITDA$ achievement for Named Executive Officersthe second half of fiscal 2015 was $86.2 million, with a corresponding cash bonus payout of approximately 86.0% of target. The weighted, combined cash bonus payout was approximately 64.47% of target.

ADJUSTED EBITDA$ ACHIEVEMENT FOR FIRST HALF FY 2012 WAS $72.1M, WITH A CORRESPONDING PAYOUT OF APPROXIMATELY 39.9% OF TARGET

The tables below describe for each Named Executive Officer under the 2012 Variable Compensation Plan2015 VCP (i) the target percentage of base salary, (ii) the potential award range as a percentage of base salary, and (iii) the actual award earned for the measurement period in fiscal 2012.2015.

FIRST HALF OF FISCAL YEAR 20122015

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SECOND HALF OF FISCAL YEAR 20122015