SEC Form 4 · accession 0001209191-18-002243
VERIFONE SYSTEMS, INC. · PAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glen Robson
Officer — EVP, Global Head Solutions
Period of report
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 7:04 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $17.68 | Jan 2, 2018 | A | 20,000 | A | — | Jan 2, 2025 | Common Stock, par value $0.01 per share | 20,000 | 20,000 | D |
| Restricted Stock UnitsF2 | $0.00 | Jan 2, 2018 | A | 28,244 | A | — | — | Common Stock, par value $0.01 per share | 28,244 | 28,244 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 2, 2018 | A | 29,482 | A | — | — | Common Stock, par value $0.01 per share | 29,482 | 29,482 | D |
Explanation of responses
- F125% of these stock options will vest on the first anniversary of the grant date. Thereafter, 6.25% of these stock options will vest at the end of each subsequent three month period until these stock options have fully vested.
- F225% 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.
- F3The grant is subject to achievement of certain performance criteria prior to January 2, 2021 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.