SEC Form 4 · accession 0001209191-15-057999
VISTEON CORP · VC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sachin Lawande
Officer — CEO & President · Director
Period of report
Jun 29, 2015
Accepted (ET)
Jul 1, 2015 · 4:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001111335
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $104.75 | Jun 29, 2015 | A | 17,309 | A | — | Jun 28, 2022 | Common Stock | 17,309 | 17,309 | D |
| Performance RightsF2 | — | Jun 29, 2015 | A | 11,974 | A | — | Jan 31, 2018 | Common Stock | 11,974 | 11,974 | D |
| Restricted Stock UnitsF3 | — | Jun 29, 2015 | A | 5,916 | A | — | Jun 29, 2018 | Common Stock | 5,916 | 5,916 | D |
| Restricted Stock UnitsF4 | — | Jun 29, 2015 | A | 30,187 | A | Jun 29, 2018 | Jun 29, 2018 | Common Stock | 30,187 | 30,187 | D |
Explanation of responses
- F1The option is exercisable to the extent of one third of the shares optioned after one year from the date of grant, two-thirds in two years and in full after three years.
- F2Each performance right represents a contingent right to receive one share of Visteon common stock. The vesting of the performance rights is based on relative total shareholder return over a three year performance period and payable in stock or cash at the election of Visteon, subject to tax withholding.
- F3Restricted Stock Units vest to the extent of 33% of the units granted each year following the first annivesary of the date of grant until the third anniverary of the date of grant. Each Restricted Stock Unit will be converted and distributed to me, without payment, in cash or stock at the election of Visteon, upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.
- F4Each Restricted Stock Unit will be converted and distributed to me, without payment, in stock or cash at the election of Visteon, upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.