SEC Form 4 · accession 0000899243-17-024225
Verso Corp · VRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allen James Campbell
Officer — SVP and CFO
Period of report
Oct 12, 2017
Accepted (ET)
Oct 16, 2017 · 4:21 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 | Oct 12, 2017 | A | 46,610 | $0.00 | A | 70,065 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of 46,610 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) 23,305 Stock Units will vest on January 1, 2020; and (b) 23,305 Stock Units will vest on January 1, 2021. The reported Stock Units do not include 46,610 Stock Units that will vest on January 1, 2020, if certain performance objectives that will be established by the issuer have been met.
- F2Consists of (i) the 46,610 Stock Units described in footnote (1), (ii) 17,172 shares of Class A Common Stock, and (iii) 6,283 Stock Units vesting in two substantially equal installments beginning on July 28, 2018.