SEC Form 4 · accession 0001127602-19-002204
XEROX CORP · XRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William F Osbourn Jr.
Officer — Executive Vice President & CFO
Period of report
Jan 14, 2019
Accepted (ET)
Jan 16, 2019 · 6:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000108772
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | Jan 14, 2019 | A | 25,550 | $0.00 | A | 106,053 | D | |
| Restricted Stock UnitsF2 | Jan 14, 2019 | A | 40,359 | $0.00 | A | 146,412 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On April 6, 2018, the Compensation Committee of the Board of Directors (the "Committee") granted 2018 performance share awards under the Issuer's E-LTIP program. Because of the then-pending Fujifilm transaction and other factors, the Committee deter-mined to establish performance goals for 2018 for one-third of the awarded target shares but to defer establishing vesting conditions for the balance of the awards until a later date. The Committee has determined that, effective January 14, 2019, the balance of the awards will be subject to service-based vesting conditions and will pay out at target. The serviced-based portion of the awards are being reported on this Form 4. These awards will vest in full on April 6, 2021.
- F2This award of restricted stock units vests in three installments of 25%, 25% and 50% on the first, second and third anniversaries of the date of grant, January 14, 2019.