SEC Form 4 · accession 0001209191-18-009197
VISTEON CORP · VC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sachin Lawande
Officer — CEO & President · Director
Period of report
Feb 8, 2018
Accepted (ET)
Feb 12, 2018 · 4:22 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 8, 2018 | M | 30,803 | — | A | 36,898 | D | |
| Common StockF2 | Feb 8, 2018 | F | 12,947 | $122.39 | D | 23,951 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF3 | — | Feb 8, 2018 | A | 10,267 | D | — | Jan 31, 2018 | Common Stock | 10,267 | 30,803 | D |
| Performance RightsF3 | — | Feb 8, 2018 | M | 30,803 | D | — | Jan 31, 2018 | Common Stock | 30,803 | 0 | D |
Explanation of responses
- F1The Performance Rights automatically vested on February 8, 2018, and were converted and paid to me in stock without any election or action on my part. The value of each right was based on the fair market value of Visteon common stock as of February 8, 2018.
- 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 8, 2018.
- F3Each Performance Right represents a contingent right to receive one share of Visteon common stock. The Performance Rights vested based on relative total shareholder return over a three year performance period and were paid in stock at the election of the Company.
- F4Additional Performance Rights were received because the performance criteria was exceeded.