SEC Form 4/A · accession 0000899243-17-019407
Verso Corp · VRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Kenneth D Sawyer
Officer — SVP - HR & Comm
Period of report
Jul 28, 2017
Accepted (ET)
Aug 1, 2017 · 3:15 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 StockF2 | Jul 28, 2017 | F | 734 | $4.77 | D | 5,918 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person surrendered to Verso Corporation 734 shares of Class A Common Stock in payment of the tax withholding liability arising from the vesting of 2,217 Stock Units on July 28, 2017.
- F2Consists of (i) 1,483 shares of Class A Common Stock, and (ii) 4,435 Stock Units vesting in two substantially equal annual installments beginning on July 28, 2018. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock.
Remarks
In the original Form 4, the box noting that the reporting person is no longer subject to Section 16 was inadvertently checked. This amendment is being filed solely to uncheck the box since the reporting person is still subject to Section 16.