SEC Form 4 · accession 0001209191-16-112306

VISTEON CORP · VC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & Chief Financial Officer

Period of report

Mar 31, 2016

Accepted (ET)

Apr 4, 2016 · 4:36 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.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Employee Stock Option (right to buy)^F2	$72.98	Mar 31, 2016	D	13,725	D	—	Mar 3, 2023	Common Stock	13,725	D
Performance Rights^F3	—	Mar 31, 2016	D	7,668	D	—	Jan 31, 2019	Common Stock	7,668	D
Restricted Stock Units^F5	—	Mar 31, 2016	D	5,173	D	—	Mar 4, 2019	Common Stock	5,173	D

F1These stock options were forfeited in connection with Mr. Stafeil's departure from the Company.
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.
F3Each 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.
F4These performance rights were forfeited in connection with Mr. Stafeil's departure from the Company.
F5Restricted 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.
F6These restricted stock units were forfeited in connection with Mr. Stafeil's departure from the Company.