SEC Form 4 · accession 0000899243-17-003308
Verso Corp · VRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
B. Christopher DiSantis
Officer — President and CEO · Director
Period of report
Feb 7, 2017
Accepted (ET)
Feb 9, 2017 · 6:24 pm EST
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 | Feb 7, 2017 | A | 125,944 | $0.00 | A | 125,944 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of 125,944 Stock Units. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock. The Stock Units will vest as follows: (a) 50% will vest on February 1, 2020; and (b) 50% will vest on February 1, 2021. The reported Stock Units do not include 125,945 Stock Units awarded to the reporting person that will vest upon the achievement of performance objectives to be established by the issuer.
- F2Consists of the 125,944 Stock Units described in footnote (1).