SEC Form 4 · accession 0001209191-16-121445
VERIFONE SYSTEMS, INC. · PAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen A Austin
Director
Period of report
May 16, 2016
Accepted (ET)
May 18, 2016 · 7:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001312073
Table I — non-derivative securities
No Table I lines on this filing.
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,F2 | $0.00 | May 16, 2016 | A | 885 | A | — | — | Common Stock, par value $0.01 per share | 885 | 885 | D |
Explanation of responses
- F1100% of these restricted stock units vested on the grant date. These units were granted in lieu of cash consideration.
- F2Shares underlying vested restricted stock units will be delivered upon the earlier of (i) June 1, 2018; or (ii) the date of termination of the holder's service as a director with the Company for any reason or no reason; or (iii) the occurrence of a change in control of the Company.