SEC Form 4 · accession 0001209191-18-041097
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
Jun 29, 2018
Accepted (ET)
Jul 3, 2018 · 4:31 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 | Jun 29, 2018 | M | 51,774 | — | A | 81,801 | D | |
| Common StockF1 | Jun 29, 2018 | M | 3,382 | — | A | 85,183 | D | |
| Common StockF2 | Jun 29, 2018 | F | 22,574 | $129.92 | D | 62,609 | D | |
| Common Stock | Jul 2, 2018 | M | 2,500 | $72.98 | A | 65,109 | D | |
| Common Stock | Jul 2, 2018 | M | 2,500 | $62.76 | A | 67,609 | D | |
| Common Stock | Jul 2, 2018 | S | 5,000 | $126.81 | D | 62,609 | D |
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 | — | Jun 29, 2018 | M | 3,382 | D | Jun 29, 2018 | Jun 29, 2018 | Common Stock | 3,382 | 0 | D |
| Restricted Stock UnitsF1 | — | Jun 29, 2018 | M | 51,774 | D | Jun 29, 2018 | Jun 29, 2018 | Common Stock | 51,774 | 0 | D |
| Employee stock option (right to buy)F4 | $72.98 | Jul 2, 2018 | M | 2,500 | D | — | Mar 3, 2023 | Common Stock | 2,500 | 32,261 | D |
| Employee stock option (right to buy)F4 | $62.76 | Jul 2, 2018 | M | 2,500 | D | — | Jun 28, 2022 | Common Stock | 2,500 | 3,270 | D |
Explanation of responses
- F1Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on June 29, 2018 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 June 29, 2018.
- F2These 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 June 29, 2018.
- F3The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 15, 2017.
- F4The 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.