SEC Form 4 · accession 0001209191-16-108845
VISTEON CORP · VC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephanie S Marianos
Officer — Chief Accounting Officer
Period of report
Mar 14, 2016
Accepted (ET)
Mar 16, 2016 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001111335
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 14, 2016 | M | 211 | $59.59 | A | 259 | D | |
| Common Stock | Mar 14, 2016 | S | 211 | $75.69 | D | 48 | D |
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,F2 | $59.59 | Mar 14, 2016 | M | 211 | D | — | Mar 4, 2022 | Common Stock | 211 | 424 | D |
Explanation of responses
- F1The exercise price was adjusted pursuant to the terms of the 2010 Incentive Plan to ensure that the "spread value" of the fair market price over the exercise price was maintained after the the special cash distribution made on January 22, 2016.
- F2The 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.