SEC Form 4 · accession 0001209191-17-048431
VISTEON CORP · VC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven S Fitzgerald
Officer — Senior Vice President
Period of report
Aug 8, 2017
Accepted (ET)
Aug 10, 2017 · 4:49 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 Stock | holding | — | — | — | 114 | 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)F2 | $74.40 | Aug 8, 2017 | D | 978 | D | — | Nov 6, 2017 | Common Stock | 978 | 489 | D |
| Employee Stock Option (right to buy)F2 | $94.77 | Aug 8, 2017 | D | 2,477 | D | — | Mar 2, 2024 | Common Stock | 2,477 | 0 | D |
| Performance RightF3 | — | Aug 8, 2017 | D | 809 | D | — | Jan 31, 2019 | Common Stock | 809 | 0 | D |
| Performance RightF3 | — | Aug 8, 2017 | D | 1,186 | D | — | Jan 31, 2020 | Common Stock | 1,186 | 0 | D |
| Restricted Stock UnitF5 | — | Aug 8, 2017 | D | 337 | D | — | Jun 9, 2019 | Common Stock | 337 | 0 | D |
| Restricted Stock UnitsF5 | — | Aug 8, 2017 | D | 712 | D | — | Mar 3, 2020 | Common Stock | 712 | 0 | D |
Explanation of responses
- F1These stock options were forfeited in connection with Mr. Fitzgerald's departure from the Company.
- F2The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant, 66% 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 performace 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. Fitzgerald's departure from the Company.
- F5Restricted stock units vest to the extent of 33% of the units granted each year following the first anniversary of the date of grant until the third anniversary of the date of grant. Each restricted stock unit will be converted and distributed to me, without payment, in stock (or cash at the election of Visteon), subject to cash withholding.
- F6These restricted stock units were forfeited in connection with Mr. Fitzgerald's departure from the Company.