SEC Form 4 · accession 0000899243-16-026007
Verso Corp · VRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay Shuster
Director
Period of report
Jul 28, 2016
Accepted (ET)
Aug 1, 2016 · 1:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001421182
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Jul 28, 2016 | A | 6,957 | $0.00 | A | 6,957 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of 6,957 Stock Units. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock. The Stock Units vest in full on the earliest to occur of the following: (a) the first anniversary of the grant date; (b) the date immediately preceding the date on which Verso holds its 2017 annual meeting of stockholders; or (c) the date on which a Change in Control (as defined) occurs.
- F2Consists of the 6,957 Stock Units described in footnote (1).