SEC Form 4 · accession 0001209191-16-117169
VERISIGN INC/CA · VRSN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Apr 29, 2016
Accepted (ET)
May 3, 2016 · 8:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001014473
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Apr 29, 2016 | S | 12,900 | $87.587 | D | 12,972,100 | I | See footnotes 2 and 3 |
| Common StockF4,F2,F3 | Apr 29, 2016 | S | 1,244 | $88.4688 | D | 12,970,856 | I | See footnotes 2 and 3 |
| Common StockF5,F2,F3 | Apr 29, 2016 | S | 7,711 | $89.7528 | D | 12,963,145 | I | See footnotes 2 and 3 |
| Common StockF6,F2,F3 | Apr 29, 2016 | S | 5,392 | $90.8747 | D | 12,957,753 | I | See footnotes 2 and 3 |
| Common StockF7,F2,F3 | Apr 29, 2016 | S | 5,008 | $91.5032 | D | 12,952,745 | I | See footnotes 2 and 3 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.135 to $88.12. Berkshire Hathaway Inc. ("Berkshire") and the other reporting person undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 1, and 4 to 7 to this Form 4.
- F27,905,481 of the total reported securities are owned by the following subsidiaries of Berkshire: Government Employees Insurance Company (3,893,300), GEICO Casualty Company (3,138,081), GEICO Indemnity Company (74,500), GEICO Advantage Insurance Company (269,000), GEICO Choice Insurance Company (268,700) and GEICO Secure Insurance Company (261,900). As Berkshire is in the chain of ownership of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all shares of Common Stock presently owned by each subsidiary. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, the shares of Common Stock presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F35,047,264 of the total reported securities are owned by the following pension plans of Berkshire's subsidiaries: ACME Brick Company Pension Trust (115,363), The Buffalo News Mechanical Pension Plan (38,600), The Buffalo News Editorial Pension Plan (98,532), Dexter Pension Plan (101,169), Johns Manville Corporation Master Pension Trust (98,500), Scott Fetzer Company Collective Investment Trust (95,100), BNSF Master Retirement Trust (3,800,000) and Lubrizol Corp Master Trust Pension (700,000). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.21 to $89.13.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.17 to $90.13.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.15 to $91.13.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.135 to $91.81.