SEC Form 4 · accession 0001209191-18-002249
VERIFONE SYSTEMS, INC. · PAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc E Rothman
Officer — EVP & CFO
Period of report
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 7:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001312073
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per share | Jan 2, 2018 | M | 1,503 | $0.00 | A | 159,996 | D | |
| Common Stock, par value $0.01 per share | Jan 2, 2018 | F | 879 | $17.68 | D | 159,117 | 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 | — | Jan 2, 2018 | M | 1,503 | D | — | — | Common Stock, par value $0.01 per share | 1,503 | 6,012 | D |
| Stock Option (Right to Buy)F2 | $17.68 | Jan 2, 2018 | A | 50,000 | A | — | Jan 2, 2025 | Common Stock, par value $0.01 per share | 50,000 | 50,000 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 2, 2018 | A | 39,542 | A | — | — | Common Stock, par value $0.01 per share | 39,542 | 39,542 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 2, 2018 | A | 41,274 | A | — | — | Common Stock, par value $0.01 per share | 41,274 | 41,274 | D |
Explanation of responses
- F1On January 2, 2018, shares of the issuer's common stock underlying these restricted stock units became deliverable without the payment of any consideration and were delivered to the reporting person.
- F225% 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.
- F325% 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.
- F4The 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.