SEC Form 4 · accession 0001209191-17-007195
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
Feb 1, 2017
Accepted (ET)
Feb 2, 2017 · 5:15 pm EST
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 | Feb 1, 2017 | M | 1,505 | — | A | 1,836 | D | |
| Common StockF2 | Feb 1, 2017 | F | 529 | $90.46 | D | 1,307 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF1,F4 | — | Feb 1, 2017 | M | 1,505 | D | — | Jan 31, 2017 | Common Stock | 1,505 | 0 | D |
Explanation of responses
- F1Each performance right, which is the economic equivalent of one share of Visteon common stock 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 February 1, 2017.
- F2The shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain performance rights. The value of each share was based on the fair market value of Visteon common stock as of February 1, 2017.
- 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.
- F4Each performance right represents a contingent right to receive one share of Visteon common stock. The performance rights vest based on a relative shareholder return goal over a three year performance period and are payable in stock or cash at the election of the Company.