SEC Form 4 · accession 0001209191-17-002445
VERIFONE SYSTEMS, INC. · PAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Galant
Officer — CEO · Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 8:33 pm EST
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 | $0.00 | Jan 3, 2017 | A | 144,926 | A | — | — | Common Stock, par value $0.01 per share | 144,926 | 144,926 | D |
| Restricted Stock UnitsF2 | $0.00 | Jan 3, 2017 | A | 126,711 | A | — | — | Common Stock, par value $0.01 per share | 126,711 | 126,711 | D |
Explanation of responses
- F125% of these restricted stock units will vest on the first anniversary of the grant date. Thereafter, 6.25% of these restricted stock units will vest at the end of each subsequent three month period until these restricted stock units have fully vested.
- F2The grant is subject to achievement of certain performance criteria prior to January 3, 2020 and will vest based on achievement of such criteria. The number of restricted stock units reported is the targeted amount to be achieved. Depending on the actual level of achievement, the reporting person may receive between 0% and 150% of such targeted amount.