SEC Form 4 · accession 0001209191-16-110775
VISTEON CORP · VC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Robertson
Officer — Vice President
Period of report
Mar 27, 2016
Accepted (ET)
Mar 28, 2016 · 5:00 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 27, 2016 | M | 261 | — | A | 414 | D | |
| Common StockF2 | Mar 27, 2016 | F | 83 | $78.96 | D | 331 | D | |
| Common StockF3 | holding | — | — | — | 1,300 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F4 | — | Mar 27, 2016 | M | 261 | D | — | Mar 27, 2017 | Common Stock | 261 | 261 | D |
Explanation of responses
- F1Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on March 27, 2016 and was converted and paid to me in common stock without any election or action on my part. The value of each share was based on the fair market value of Visteon common stock as of March 24, 2016, the next preceding trading day.
- F2The shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Restricted Stock Units. The value of each share was based on the fair market value of Visteon common stock as of March 24, 2016, the next preceding trading day.
- F3These shares are owned by a parent of the reporting person and subject to a power of attorney that allows the reporting person to dispose of such shares.
- F4Restricted 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.